Barrow Hanley Mewhinney & Strauss LLC Buys 305,185 Shares of Johnson Controls International plc (NYSE:JCI)

Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 4.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,128,506 shares of the company's stock after buying an additional 305,185 shares during the quarter. Johnson Controls International accounts for about 1.9% of Barrow Hanley Mewhinney & Strauss LLC's holdings, making the stock its 13th biggest position. Barrow Hanley Mewhinney & Strauss LLC owned approximately 1.08% of Johnson Controls International worth $562,653,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Compass Financial Services Inc purchased a new stake in shares of Johnson Controls International in the fourth quarter valued at about $26,000. SBI Securities Co. Ltd. purchased a new stake in shares of Johnson Controls International in the 4th quarter valued at about $29,000. Synergy Asset Management LLC bought a new stake in Johnson Controls International during the fourth quarter valued at approximately $42,000. Crowley Wealth Management Inc. bought a new stake in shares of Johnson Controls International during the 4th quarter worth $42,000. Finally, ST Germain D J Co. Inc. lifted its stake in Johnson Controls International by 32.8% during the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company's stock worth $43,000 after purchasing an additional 134 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Johnson Controls International news, VP Nathan D. Manning sold 1,421 shares of Johnson Controls International stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $76.44, for a total value of $108,621.24. Following the sale, the vice president now directly owns 148,346 shares in the company, valued at approximately $11,339,568.24. The trade was a 0.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO George Oliver sold 205,168 shares of the firm's stock in a transaction dated 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 owns 1,260,527 shares of the company's stock, valued at approximately $110,964,191.81. The trade was a 14.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 907,286 shares of company stock valued at $77,938,071 in the last ninety days. Corporate insiders own 0.54% of the company's stock.

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Johnson Controls International Stock Down 5.1 %

JCI traded down $4.26 during trading on Thursday, reaching $78.60. The stock had a trading volume of 1,576,218 shares, compared to its average volume of 4,394,125. Johnson Controls International plc has a one year low of $59.83 and a one year high of $91.14. The company has a market capitalization of $51.89 billion, a price-to-earnings ratio of 30.00, a P/E/G ratio of 1.96 and a beta of 1.32. The stock's 50 day moving average is $82.92 and its two-hundred day moving average is $80.78. 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 (NYSE:JCI - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating 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, analysts expect that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Announces Dividend

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 paid a $0.37 dividend. The ex-dividend date is Monday, March 24th. This represents a $1.48 annualized dividend and a dividend yield of 1.88%. Johnson Controls International's dividend payout ratio (DPR) is 56.49%.

Analysts Set New Price Targets

JCI has been the topic of a number of recent research reports. Melius cut Johnson Controls International from a "buy" rating to a "hold" rating and set a $95.00 price objective on the stock. in a research note on Tuesday, January 28th. Argus raised Johnson Controls International from a "hold" rating to a "buy" rating and set a $88.00 price objective for the company in a research note on Friday, December 20th. UBS Group upgraded shares of Johnson Controls International from a "neutral" rating to a "buy" rating and raised their target price for the stock from $90.00 to $103.00 in a report on Monday, February 10th. Royal Bank of Canada upped their price target on shares of Johnson Controls International from $86.00 to $93.00 and gave the company a "sector perform" rating in a report on Thursday, February 6th. Finally, JPMorgan Chase & Co. raised their price target on shares of Johnson Controls International from $87.00 to $100.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $91.27.

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.