Franklin Resources Inc. Increases Position in Johnson Controls International plc (NYSE:JCI)

Franklin Resources Inc. raised its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 6.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,344,374 shares of the company's stock after purchasing an additional 1,325,500 shares during the quarter. Franklin Resources Inc. owned about 3.54% of Johnson Controls International worth $1,842,571,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Townsquare Capital LLC grew its position in Johnson Controls International by 29.9% in the third quarter. Townsquare Capital LLC now owns 14,101 shares of the company's stock worth $1,094,000 after acquiring an additional 3,247 shares during the period. CreativeOne Wealth LLC acquired a new position in Johnson Controls International in the third quarter valued at about $328,000. Public Sector Pension Investment Board boosted its stake in Johnson Controls International by 14.1% during the third quarter. Public Sector Pension Investment Board now owns 28,321 shares of the company's stock worth $2,198,000 after buying an additional 3,500 shares during the period. Rockefeller Capital Management L.P. raised its stake in shares of Johnson Controls International by 3.1% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 411,373 shares of the company's stock valued at $31,920,000 after acquiring an additional 12,547 shares during the period. Finally, Fred Alger Management LLC raised its stake in shares of Johnson Controls International by 19.1% in the 3rd quarter. Fred Alger Management LLC now owns 49,233 shares of the company's stock valued at $3,821,000 after acquiring an additional 7,881 shares during the period. Hedge funds and other institutional investors own 90.05% of the company's stock.

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Johnson Controls International Stock Down 5.4 %

Johnson Controls International stock traded down $4.16 during midday trading on Friday, reaching $73.07. The company's stock had a trading volume of 2,717,616 shares, compared to its average volume of 4,403,169. The company has a market cap of $48.24 billion, a P/E ratio of 27.86, a P/E/G ratio of 1.96 and a beta of 1.32. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. The business has a 50-day simple moving average of $82.83 and a 200-day simple moving average of $80.76. 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 released its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, beating analysts' consensus estimates 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, research analysts expect that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 24th will be given a dividend of $0.37 per share. The ex-dividend date is Monday, March 24th. This represents a $1.48 annualized dividend and a dividend yield of 2.03%. Johnson Controls International's dividend payout ratio is presently 56.49%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on JCI. Melius Research reiterated a "hold" rating and issued a $95.00 target price on shares of Johnson Controls International in a report on Tuesday, January 28th. Barclays lowered their price target on Johnson Controls International from $88.00 to $85.00 and set an "equal weight" rating for the company in a research report on Monday, March 10th. UBS Group upgraded Johnson Controls International from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $90.00 to $103.00 in a report on Monday, February 10th. Wells Fargo & Company raised their target price on Johnson Controls International from $92.00 to $98.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Finally, Argus upgraded shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $88.00 price target on the stock in a research note on Friday, December 20th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Johnson Controls International presently has a consensus rating of "Moderate Buy" and a consensus target price of $91.27.

Insider Activity

In other news, VP Daniel C. Mcconeghy sold 1,950 shares of Johnson Controls International stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $87.73, for a total transaction of $171,073.50. Following the sale, the vice president now owns 24,803 shares in the company, valued at approximately $2,175,967.19. The trade was a 7.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Nathan D. Manning sold 1,421 shares of the company's stock in a transaction dated 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 directly owns 148,346 shares of the company's stock, valued at approximately $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. In the last quarter, insiders sold 907,286 shares of company stock worth $77,938,071. Corporate insiders own 0.54% of the company's stock.

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.