Cullen Capital Management LLC Has $240.54 Million Stock Position in Johnson Controls International plc (NYSE:JCI)

Cullen Capital Management LLC trimmed its holdings in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 5.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,047,456 shares of the company's stock after selling 187,930 shares during the period. Johnson Controls International accounts for approximately 2.8% of Cullen Capital Management LLC's holdings, making the stock its 5th largest holding. Cullen Capital Management LLC owned approximately 0.46% of Johnson Controls International worth $240,536,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Benjamin Edwards Inc. grew its holdings in Johnson Controls International by 80.9% during the 3rd quarter. Benjamin Edwards Inc. now owns 5,280 shares of the company's stock worth $410,000 after acquiring an additional 2,362 shares during the last quarter. Hilltop Holdings Inc. grew its stake in shares of Johnson Controls International by 14.3% during the third quarter. Hilltop Holdings Inc. now owns 6,582 shares of the company's stock valued at $511,000 after purchasing an additional 825 shares during the last quarter. Janus Henderson Group PLC increased its holdings 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 valued at $9,651,000 after purchasing an additional 4,777 shares in the last quarter. IHT Wealth Management LLC bought a new position in Johnson Controls International in the 3rd quarter worth approximately $239,000. Finally, Royal London Asset Management Ltd. lifted its holdings in Johnson Controls International by 2.1% during the 3rd quarter. Royal London Asset Management Ltd. now owns 295,530 shares of the company's stock worth $22,936,000 after buying an additional 5,990 shares in the last quarter. Institutional investors own 90.05% of the company's stock.

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Johnson Controls International Stock Down 4.4 %

Shares of NYSE:JCI traded down $3.51 during mid-day trading on Thursday, reaching $75.33. 2,815,867 shares of the stock were exchanged, compared to its average volume of 4,753,389. The company has a market cap of $49.72 billion, a P/E ratio of 28.75, a P/E/G ratio of 1.96 and a beta of 1.22. Johnson Controls International plc has a one year low of $59.83 and a one year high of $91.14. The stock's 50 day simple moving average is $82.35 and its 200-day simple moving average is $80.77. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, topping the consensus estimate 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 predict that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Dividend Announcement

The company also recently declared 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. This represents a $1.48 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Monday, March 24th. Johnson Controls International's dividend payout ratio (DPR) is currently 56.49%.

Analyst Upgrades and Downgrades

JCI has been the subject of a number of recent research reports. UBS Group upgraded Johnson Controls International from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $90.00 to $103.00 in a research report on Monday, February 10th. Royal Bank of Canada upped their target price on shares of Johnson Controls International from $86.00 to $93.00 and gave the company a "sector perform" rating in a research report on Thursday, February 6th. Morgan Stanley raised their target price on shares of Johnson Controls International from $95.00 to $105.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Melius lowered 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. Finally, Melius Research reiterated a "hold" rating and issued a $95.00 price objective on shares of Johnson Controls International in a report on Tuesday, January 28th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $90.00.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, CEO George Oliver sold 162,894 shares of the company's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $89.28, for a total value of $14,543,176.32. Following the transaction, the chief executive officer now directly owns 1,203,893 shares in the company, valued at $107,483,567.04. The trade was a 11.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Daniel C. Mcconeghy sold 1,950 shares of the firm's 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 of the company's stock, valued at approximately $2,175,967.19. This represents 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 over the last quarter. 0.54% of the stock is currently owned by insiders.

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.