Invesco Ltd. Buys 2,150,573 Shares of Johnson Controls International plc (NYSE:JCI)

Invesco Ltd. boosted its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 13.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,407,597 shares of the company's stock after buying an additional 2,150,573 shares during the quarter. Invesco Ltd. owned approximately 2.79% of Johnson Controls International worth $1,452,912,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Johnson Controls International by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 68,156,110 shares of the company's stock valued at $5,379,562,000 after buying an additional 179,743 shares during the period. Franklin Resources Inc. raised its stake in Johnson Controls International by 6.0% in the 4th quarter. Franklin Resources Inc. now owns 23,344,374 shares of the company's stock valued at $1,842,571,000 after acquiring an additional 1,325,500 shares during the period. Fisher Asset Management LLC lifted its holdings in Johnson Controls International by 2.9% during the fourth quarter. Fisher Asset Management LLC now owns 15,743,019 shares of the company's stock valued at $1,242,597,000 after purchasing an additional 447,513 shares during the last quarter. Geode Capital Management LLC boosted its position in Johnson Controls International by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 13,818,777 shares of the company's stock worth $1,087,670,000 after purchasing an additional 343,517 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of Johnson Controls International in the fourth quarter worth about $568,309,000. Hedge funds and other institutional investors own 90.05% of the company's stock.

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Insiders Place Their Bets

In related news, CEO George Oliver sold 205,168 shares of Johnson Controls International stock in a transaction on Friday, February 7th. The shares were sold at an average price of $88.03, for a total value of $18,060,939.04. Following the transaction, the chief executive officer now directly owns 1,260,527 shares of the company's stock, valued at $110,964,191.81. The trade was a 14.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Nathan D. Manning sold 1,421 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $76.44, for a total transaction of $108,621.24. Following the sale, the vice president now owns 148,346 shares of the company's stock, valued at $11,339,568.24. This represents a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 907,286 shares of company stock valued at $77,938,071 over the last three months. Insiders own 0.54% of the company's stock.

Johnson Controls International Price Performance

NYSE:JCI traded up $1.45 during midday trading on Friday, hitting $77.68. The company had a trading volume of 3,026,682 shares, compared to its average volume of 4,469,610. The stock's fifty day moving average price is $82.34 and its 200-day moving average price is $80.79. Johnson Controls International plc has a 52-week low of $59.83 and a 52-week high of $91.14. 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 company has a market capitalization of $51.28 billion, a PE ratio of 29.65, a P/E/G ratio of 1.96 and a beta of 1.22.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping 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%. As a group, research analysts expect that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 24th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Monday, March 24th. Johnson Controls International's payout ratio is presently 56.49%.

Wall Street Analyst Weigh In

Several research analysts recently commented on JCI shares. 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 report on Friday, December 20th. Melius cut Johnson Controls International from a "buy" rating to a "hold" rating and set a $95.00 price target for the company. in a research report on Tuesday, January 28th. Wells Fargo & Company boosted their price objective on Johnson Controls International from $92.00 to $98.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Morgan Stanley raised their target price 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. Finally, UBS Group upgraded Johnson Controls International from a "neutral" rating to a "buy" rating and upped their price target for the company from $90.00 to $103.00 in a research report on Monday, February 10th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $90.00.

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.