Corebridge Financial Inc. Has $12.12 Million Stock Holdings in Johnson Controls International plc (NYSE:JCI)

Corebridge Financial Inc. lowered its holdings in Johnson Controls International plc (NYSE:JCI - Free Report) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 153,529 shares of the company's stock after selling 7,358 shares during the quarter. Corebridge Financial Inc.'s holdings in Johnson Controls International were worth $12,118,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Compass Financial Services Inc bought a new stake in Johnson Controls International during the 4th quarter worth about $26,000. SBI Securities Co. Ltd. acquired a new stake in shares of Johnson Controls International in the fourth quarter valued at approximately $29,000. Crowley Wealth Management Inc. acquired a new stake in shares of Johnson Controls International in the fourth quarter valued at approximately $42,000. Synergy Asset Management LLC bought a new position in Johnson Controls International in the 4th quarter worth approximately $42,000. Finally, ST Germain D J Co. Inc. lifted its holdings in 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 in the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Johnson Controls International

In other news, CEO George Oliver sold 205,168 shares of the firm's stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 1,260,527 shares in the company, valued at approximately $110,964,191.81. This trade represents a 14.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Nathan D. Manning sold 1,421 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $76.44, for a total transaction of $108,621.24. Following 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 905,864 shares of company stock valued at $77,824,710. 0.54% of the stock is currently owned by corporate insiders.

Johnson Controls International Stock Performance

Shares of JCI traded down $2.53 during mid-day trading on Friday, hitting $79.64. 3,498,603 shares of the company's stock were exchanged, compared to its average volume of 4,418,640. 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 52 week low of $59.83 and a 52 week high of $91.14. The stock's 50-day simple moving average is $82.95 and its 200-day simple moving average is $80.64. The firm has a market cap of $52.57 billion, a price-to-earnings ratio of 30.40, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, topping 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%. On average, equities research analysts expect that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Dividend Announcement

The company also recently announced 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 1.86%. The ex-dividend date of this dividend is Monday, March 24th. Johnson Controls International's payout ratio is presently 56.49%.

Analyst Ratings Changes

A number of brokerages recently commented on JCI. JPMorgan Chase & Co. lifted their price objective on Johnson Controls International from $87.00 to $100.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Wells Fargo & Company boosted their target price on Johnson Controls International from $92.00 to $98.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Melius Research restated a "hold" rating and set a $95.00 price objective on shares of Johnson Controls International in a report on Tuesday, January 28th. Argus raised Johnson Controls International from a "hold" rating to a "buy" rating and set a $88.00 price target for the company in a research report on Friday, December 20th. Finally, Melius lowered shares of Johnson Controls International from a "buy" rating to a "hold" rating and set a $95.00 price target on the stock. in a research note on Tuesday, January 28th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Johnson Controls International currently has a consensus 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.