Davis Selected Advisers Reduces Stock Position in Johnson Controls International plc (NYSE:JCI)

Davis Selected Advisers lessened its holdings in Johnson Controls International plc (NYSE:JCI - Free Report) by 13.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 403,534 shares of the company's stock after selling 60,135 shares during the quarter. Davis Selected Advisers owned approximately 0.06% of Johnson Controls International worth $31,851,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Park Avenue Securities LLC raised its position in Johnson Controls International by 101.5% during the 4th quarter. Park Avenue Securities LLC now owns 26,517 shares of the company's stock valued at $2,093,000 after purchasing an additional 13,360 shares in the last quarter. Certuity LLC purchased a new stake in shares of Johnson Controls International during the fourth quarter valued at $243,000. Y Intercept Hong Kong Ltd increased its position 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 valued at $7,082,000 after acquiring an additional 52,719 shares during the period. Geode Capital Management LLC raised its stake in Johnson Controls International by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company's stock worth $1,041,822,000 after acquiring an additional 71,493 shares during the last quarter. Finally, BNC Wealth Management LLC acquired a new stake in Johnson Controls International during the 4th quarter worth about $2,093,000. Hedge funds and other institutional investors own 90.05% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Morgan Stanley raised their price objective on Johnson Controls International from $95.00 to $105.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. UBS Group upgraded shares of Johnson Controls International from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $90.00 to $103.00 in a research note on Monday, February 10th. Wells Fargo & Company increased their price objective on shares of Johnson Controls International from $92.00 to $98.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Melius cut shares of Johnson Controls International from a "buy" rating to a "hold" rating and set a $95.00 target price for the company. in a report on Tuesday, January 28th. Finally, Melius Research reaffirmed a "hold" rating and issued a $95.00 price target on shares of Johnson Controls International in a report on Tuesday, January 28th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, Johnson Controls International presently has a consensus rating of "Moderate Buy" and an average price target of $91.27.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 1,950 shares of the firm's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $87.73, for a total value of $171,073.50. Following the transaction, the vice president now owns 24,803 shares in the company, valued at approximately $2,175,967.19. This trade represents a 7.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Nathan D. Manning sold 1,421 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $76.44, for a total transaction of $108,621.24. Following the sale, the vice president now directly owns 148,346 shares of the company's stock, valued at $11,339,568.24. The trade was a 0.95 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 706,050 shares of company stock valued at $61,972,667. 0.54% of the stock is owned by corporate insiders.

Johnson Controls International Price Performance

JCI traded up $1.75 during trading on Wednesday, hitting $78.74. The company's stock had a trading volume of 4,958,047 shares, compared to its average volume of 4,715,432. The firm has a market capitalization of $51.98 billion, a price-to-earnings ratio of 30.05, a P/E/G ratio of 1.96 and a beta of 1.32. Johnson Controls International plc has a twelve month low of $59.83 and a twelve month high of $91.14. The business's fifty day simple moving average is $82.45 and its 200 day simple moving average is $79.64. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) 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 research analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors 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 dividend yield of 1.88%. Johnson Controls International's dividend payout ratio (DPR) is presently 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.