Johnson Controls International plc (NYSE:JCI) Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC cut its holdings in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,519,909 shares of the company's stock after selling 89,821 shares during the quarter. Clearbridge Investments LLC owned about 0.84% of Johnson Controls International worth $435,686,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Johnson Controls International by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 68,156,110 shares of the company's stock valued at $5,379,562,000 after purchasing an additional 179,743 shares during the last quarter. State Street Corp grew its holdings in Johnson Controls International by 1.1% in the 3rd quarter. State Street Corp now owns 27,939,766 shares of the company's stock valued at $2,178,595,000 after buying an additional 300,712 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of Johnson Controls International by 2.9% in the 4th quarter. Fisher Asset Management LLC now owns 15,743,019 shares of the company's stock worth $1,242,597,000 after acquiring an additional 447,513 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Johnson Controls International by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company's stock worth $1,041,822,000 after acquiring an additional 71,493 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Johnson Controls International during the 4th quarter valued at about $568,309,000. 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 other 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 completion of the sale, the vice president now directly owns 148,346 shares in the company, valued at approximately $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 is accessible through the SEC website. Also, CEO George Oliver sold 205,168 shares of the company's 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 sale, the chief executive officer now owns 1,260,527 shares in the company, valued at approximately $110,964,191.81. This represents a 14.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders 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 Performance

NYSE JCI traded down $4.27 during trading on Thursday, reaching $78.59. The company's stock had a trading volume of 2,484,038 shares, compared to its average volume of 4,397,857. The business's fifty day moving average price is $82.92 and its 200-day moving average price is $80.78. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02. The firm has a market cap of $51.88 billion, a price-to-earnings ratio of 30.00, a P/E/G ratio of 1.96 and a beta of 1.32. Johnson Controls International plc has a twelve month low of $59.83 and a twelve month high of $91.14.

Johnson Controls International (NYSE:JCI - Get Free Report) last released 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 return on equity of 15.11% and a net margin of 6.83%. As a group, analysts anticipate 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. Stockholders of record on Monday, March 24th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date is Monday, March 24th. Johnson Controls International's dividend payout ratio (DPR) is 56.49%.

Wall Street Analyst Weigh In

JCI has been the subject of several recent analyst reports. Wells Fargo & Company raised 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 report on Thursday, February 6th. JPMorgan Chase & Co. lifted their price target on shares of Johnson Controls International from $87.00 to $100.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. 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 report on Tuesday, January 28th. Barclays dropped their target price on shares of Johnson Controls International from $88.00 to $85.00 and set an "equal weight" rating for the company in a report on Monday, March 10th. Finally, Morgan Stanley upped their price target on Johnson Controls International from $95.00 to $105.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Johnson Controls International currently has an average rating of "Moderate Buy" and a consensus price target 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.