Brandywine Global Investment Management LLC Trims Stock Position in Johnson Controls International plc (NYSE:JCI)

Brandywine Global Investment Management LLC cut its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 7.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 326,887 shares of the company's stock after selling 25,780 shares during the quarter. Brandywine Global Investment Management LLC's holdings in Johnson Controls International were worth $25,801,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of JCI. Park Avenue Securities LLC grew its stake in Johnson Controls International by 101.5% during the fourth quarter. Park Avenue Securities LLC now owns 26,517 shares of the company's stock valued at $2,093,000 after acquiring an additional 13,360 shares in the last quarter. Certuity LLC bought a new position in Johnson Controls International during the fourth quarter valued at $243,000. Y Intercept Hong Kong Ltd increased its holdings in shares of Johnson Controls International by 136.8% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 91,248 shares of the company's stock worth $7,082,000 after buying an additional 52,719 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Johnson Controls International by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company's stock valued at $1,041,822,000 after buying an additional 71,493 shares in the last quarter. Finally, BNC Wealth Management LLC bought a new position in shares of Johnson Controls International in the 4th quarter valued at about $2,093,000. 90.05% of the stock is currently owned by institutional investors.

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Insider Transactions at Johnson Controls International

In related news, Director George Oliver sold 15,669 shares of Johnson Controls International stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $77.49, for a total value of $1,214,190.81. Following the completion of the transaction, the director now owns 1,003,893 shares in the company, valued at $77,791,668.57. The trade was a 1.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Nathan D. Manning sold 1,421 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $76.44, for a total value of $108,621.24. Following the completion of the sale, the vice president now owns 148,346 shares of the company's stock, valued at $11,339,568.24. This trade represents a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 907,286 shares of company stock worth $77,938,071 over the last quarter. 0.54% of the stock is currently owned by insiders.

Analyst Ratings Changes

JCI has been the subject of several analyst reports. Citigroup lowered their price objective on Johnson Controls International from $85.00 to $84.00 and set a "neutral" rating for the company in a research note on Monday, January 13th. Argus raised shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $88.00 price objective for the company in a research note on Friday, December 20th. Barclays reduced their target price on shares of Johnson Controls International from $88.00 to $85.00 and set an "equal weight" rating on the stock in a research note on Monday, March 10th. Wells Fargo & Company boosted their target price on Johnson Controls International from $92.00 to $98.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Finally, UBS Group upgraded Johnson Controls International from a "neutral" rating to a "buy" rating and increased their price target for the stock from $90.00 to $103.00 in a report on Monday, February 10th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $91.27.

Johnson Controls International Stock Down 5.8 %

NYSE JCI traded down $4.78 during trading on Thursday, hitting $78.08. The company's stock had a trading volume of 3,454,154 shares, compared to its average volume of 4,402,164. The company has a market cap of $51.54 billion, a PE ratio of 29.79, a P/E/G ratio of 1.96 and a beta of 1.32. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86. The business's 50 day simple moving average is $82.92 and its 200-day simple moving average is $80.78. Johnson Controls International plc has a fifty-two week low of $59.83 and a fifty-two week high of $91.14.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. On average, equities analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 24th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Monday, March 24th. Johnson Controls International's dividend payout ratio is currently 56.49%.

Johnson Controls International Profile

Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.