Dodge & Cox Has $6.34 Billion Stake in Johnson Controls International plc (NYSE:JCI)

Dodge & Cox reduced its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 5.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 80,369,871 shares of the company's stock after selling 4,997,505 shares during the period. Johnson Controls International makes up approximately 3.7% of Dodge & Cox's portfolio, making the stock its 3rd largest position. Dodge & Cox owned about 12.17% of Johnson Controls International worth $6,343,594,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in JCI. Park Avenue Securities LLC grew its stake in Johnson Controls International by 101.5% in the 4th quarter. Park Avenue Securities LLC now owns 26,517 shares of the company's stock worth $2,093,000 after acquiring an additional 13,360 shares during the period. Certuity LLC acquired a new stake in shares of Johnson Controls International during the fourth quarter worth $243,000. BNC Wealth Management LLC purchased a new stake in shares of Johnson Controls International in the fourth quarter valued at $2,093,000. Seros Financial LLC acquired a new position in Johnson Controls International in the fourth quarter valued at $561,000. Finally, Czech National Bank lifted its holdings in shares of Johnson Controls International by 6.4% during the 4th quarter. Czech National Bank now owns 144,839 shares of the company's stock worth $11,432,000 after acquiring an additional 8,758 shares during the period. Institutional investors and hedge funds own 90.05% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on JCI. 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. Wells Fargo & Company boosted 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. Morgan Stanley lifted their target price on shares of Johnson Controls International from $95.00 to $105.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Citigroup cut their price objective on Johnson Controls International from $95.00 to $85.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Finally, Argus raised 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. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $90.07.

Insider Activity at Johnson Controls International

In related news, VP Daniel C. Mcconeghy sold 1,950 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was 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 owns 24,803 shares in the company, valued at $2,175,967.19. This represents a 7.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO George Oliver sold 205,168 shares of Johnson Controls International stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $88.03, for a total value of $18,060,939.04. Following the completion of the transaction, the chief executive officer now directly owns 1,260,527 shares in the company, valued at approximately $110,964,191.81. This represents a 14.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 907,286 shares of company stock valued at $77,938,071. Corporate insiders own 0.54% of the company's stock.

Johnson Controls International Stock Up 0.1 %

JCI stock traded up $0.11 during mid-day trading on Friday, hitting $76.77. The stock had a trading volume of 4,893,466 shares, compared to its average volume of 4,472,177. The stock has a market capitalization of $50.68 billion, a price-to-earnings ratio of 29.30, a PEG ratio of 1.96 and a beta of 1.22. 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 plc has a 1-year low of $59.83 and a 1-year high of $91.14. The company has a fifty day moving average of $81.28 and a 200 day moving average of $80.78.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its 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 analysts expect that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 24th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date was Monday, March 24th. Johnson Controls International's dividend payout ratio is 56.49%.

Johnson Controls International Company 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.