Wells Fargo & Company MN Has $116.03 Million Position in Johnson Controls International plc (NYSE:JCI)

Wells Fargo & Company MN decreased its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 53.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,470,065 shares of the company's stock after selling 1,660,921 shares during the period. Wells Fargo & Company MN owned 0.22% of Johnson Controls International worth $116,032,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Benjamin Edwards Inc. lifted its stake in shares of Johnson Controls International by 80.9% in the 3rd quarter. Benjamin Edwards Inc. now owns 5,280 shares of the company's stock valued at $410,000 after purchasing an additional 2,362 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Johnson Controls International by 4.0% in the third quarter. Janus Henderson Group PLC now owns 124,366 shares of the company's stock worth $9,651,000 after buying an additional 4,777 shares during the last quarter. IHT Wealth Management LLC bought a new stake in shares of Johnson Controls International during the 3rd quarter worth about $239,000. Quantinno Capital Management LP increased its holdings in shares of Johnson Controls International by 50.8% during the 3rd quarter. Quantinno Capital Management LP now owns 37,125 shares of the company's stock valued at $2,881,000 after acquiring an additional 12,512 shares during the last quarter. Finally, Stifel Financial Corp raised its stake in shares of Johnson Controls International by 1.0% in the 3rd quarter. Stifel Financial Corp now owns 335,735 shares of the company's stock valued at $26,057,000 after acquiring an additional 3,260 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company's stock.

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Insider Transactions at Johnson Controls International

In related news, VP Nathan D. Manning sold 1,421 shares of Johnson Controls International stock in a transaction that occurred 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 transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Daniel C. Mcconeghy sold 1,950 shares of the company's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $87.73, for a total transaction of $171,073.50. Following the completion of 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 disclosure for this sale can be found here. Insiders sold a total of 907,286 shares of company stock worth $77,938,071 in the last quarter. 0.54% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on JCI. JPMorgan Chase & Co. reduced their price objective on shares of Johnson Controls International from $100.00 to $81.00 and set an "overweight" rating for the company in a research note on Tuesday. Argus raised shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $88.00 target price for the company in a research report on Friday, December 20th. UBS Group raised Johnson Controls International from a "neutral" rating to a "buy" rating and raised their price target for the company from $90.00 to $103.00 in a research report on Monday, February 10th. Citigroup decreased their target price 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. Finally, Melius downgraded Johnson Controls International from a "buy" rating to a "hold" rating and set a $95.00 price target on the stock. in a research report on Tuesday, January 28th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $90.00.

Johnson Controls International Price Performance

Shares of NYSE:JCI traded up $0.13 during midday trading on Friday, reaching $76.36. The company's stock had a trading volume of 702,206 shares, compared to its average volume of 4,456,517. The business's fifty day simple moving average is $82.34 and its 200-day simple moving average is $80.78. 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 plc has a fifty-two week low of $59.83 and a fifty-two week high of $91.14. The company has a market capitalization of $50.41 billion, a P/E ratio of 29.19, a P/E/G ratio of 1.96 and a beta of 1.22.

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

Johnson Controls International Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a yield of 1.94%. Johnson Controls International's payout ratio is presently 56.49%.

About Johnson Controls International

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.