Alliancebernstein L.P. Sells 13,300 Shares of Johnson Controls International plc (NYSE:JCI)

Alliancebernstein L.P. decreased its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 715,628 shares of the company's stock after selling 13,300 shares during the period. Alliancebernstein L.P. owned 0.11% of Johnson Controls International worth $56,485,000 as of its most recent filing with the SEC.

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

Insider Buying and Selling

In other news, VP Nathan D. Manning sold 1,421 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $76.44, for a total value of $108,621.24. Following the completion of the transaction, the vice president now owns 148,346 shares of the company's stock, valued at approximately $11,339,568.24. This represents a 0.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO George Oliver sold 162,894 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at approximately $107,483,567.04. This trade represents a 11.92 % 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 ninety days. 0.54% of the stock is owned by corporate insiders.

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Johnson Controls International Stock Performance

Johnson Controls International stock traded down $2.43 during mid-day trading on Thursday, reaching $76.41. 1,177,212 shares of the company's stock were exchanged, compared to its average volume of 4,449,540. The firm has a market capitalization of $50.44 billion, a PE ratio of 29.26, a P/E/G ratio of 1.96 and a beta of 1.22. The business's fifty 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 plc has a one year low of $59.83 and a one year high of $91.14.

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, 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%. On average, sell-side analysts expect that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 24th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Monday, March 24th. Johnson Controls International's dividend payout ratio (DPR) is presently 56.49%.

Wall Street Analyst Weigh In

Several research firms have recently commented on JCI. JPMorgan Chase & Co. lowered their target price on Johnson Controls International from $100.00 to $81.00 and set an "overweight" rating for the company in a research note on Tuesday. Barclays decreased their target price on Johnson Controls International from $88.00 to $85.00 and set an "equal weight" rating on the stock in a report on Monday, March 10th. Royal Bank of Canada increased their target price on Johnson Controls International from $86.00 to $93.00 and gave the stock a "sector perform" rating in a report on Thursday, February 6th. Melius downgraded Johnson Controls International from a "buy" rating to a "hold" rating and set a $95.00 price objective for the company. in a research report on Tuesday, January 28th. Finally, Morgan Stanley increased their price target on Johnson Controls International from $95.00 to $105.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus 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.