Financiere des Professionnels Fonds d investissement inc. cut its stake in Johnson Controls International plc (NYSE:JCI - Free Report) by 17.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 128,209 shares of the company's stock after selling 27,260 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.'s holdings in Johnson Controls International were worth $10,120,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the stock. State Street Corp boosted its stake in Johnson Controls International by 1.1% during the third quarter. State Street Corp now owns 27,939,766 shares of the company's stock valued at $2,178,595,000 after buying an additional 300,712 shares during the period. Fisher Asset Management LLC increased its stake in Johnson Controls International by 3.4% in the third quarter. Fisher Asset Management LLC now owns 15,295,506 shares of the company's stock valued at $1,187,084,000 after acquiring an additional 509,293 shares during the last quarter. Geode Capital Management LLC increased its stake in Johnson Controls International by 0.5% in the third quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company's stock valued at $1,041,822,000 after acquiring an additional 71,493 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Johnson Controls International by 514.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company's stock valued at $418,439,000 after acquiring an additional 4,514,792 shares during the last quarter. Finally, abrdn plc increased its stake in Johnson Controls International by 6.1% in the third quarter. abrdn plc now owns 1,974,268 shares of the company's stock valued at $152,157,000 after acquiring an additional 112,955 shares during the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on JCI shares. Melius Research reiterated a "hold" rating and set a $95.00 price objective on shares of Johnson Controls International in a research report on Tuesday, January 28th. Oppenheimer increased their price target on shares of Johnson Controls International from $86.00 to $87.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. increased their target price on shares of Johnson Controls International from $87.00 to $100.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. StockNews.com lowered shares of Johnson Controls International from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th. Finally, Citigroup reduced their target price on shares of Johnson Controls International from $85.00 to $84.00 and set a "neutral" rating on the stock in a report on Monday, January 13th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $91.13.
Read Our Latest Analysis on Johnson Controls International
Insider Activity
In other news, VP Daniel C. Mcconeghy sold 1,950 shares of the business's stock in a transaction that occurred 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 sale, the vice president now directly owns 24,803 shares of the company's stock, valued at $2,175,967.19. The trade was a 7.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO George Oliver sold 10,304 shares of the business's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $84.14, for a total value of $866,978.56. Following the completion of the sale, the chief executive officer now directly owns 1,166,992 shares in the company, valued at $98,190,706.88. This trade represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 889,434 shares of company stock worth $77,215,058. Corporate insiders own 0.54% of the company's stock.
Johnson Controls International Trading Down 1.9 %
NYSE:JCI traded down $1.76 during trading hours on Thursday, hitting $88.69. The company had a trading volume of 3,638,947 shares, compared to its average volume of 4,502,756. The company has a market capitalization of $58.55 billion, a PE ratio of 33.85, a price-to-earnings-growth ratio of 2.00 and a beta of 1.32. The stock has a 50-day moving average price of $81.90 and a 200 day moving average price of $78.18. Johnson Controls International plc has a 52 week low of $56.44 and a 52 week high of $91.14. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86.
Johnson Controls International (NYSE:JCI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. On average, equities research analysts predict that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.
Johnson Controls International Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend was Monday, December 23rd. Johnson Controls International's dividend payout ratio (DPR) is presently 56.49%.
About Johnson Controls International
(
Free Report)
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.
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