Everence Capital Management Inc. decreased its stake in Johnson Controls International plc (NYSE:JCI - Free Report) by 31.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,287 shares of the company's stock after selling 14,450 shares during the quarter. Everence Capital Management Inc.'s holdings in Johnson Controls International were worth $2,469,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Johnson Controls International by 514.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company's stock valued at $418,439,000 after buying an additional 4,514,792 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Johnson Controls International by 686.4% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,445,418 shares of the company's stock valued at $295,487,000 after purchasing an additional 3,880,146 shares in the last quarter. Point72 Asset Management L.P. raised its holdings in Johnson Controls International by 263.9% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,341,919 shares of the company's stock worth $89,197,000 after purchasing an additional 973,145 shares during the period. Electron Capital Partners LLC raised its holdings in Johnson Controls International by 81.3% in the 2nd quarter. Electron Capital Partners LLC now owns 1,432,335 shares of the company's stock worth $95,207,000 after purchasing an additional 642,315 shares during the period. Finally, Interval Partners LP boosted its position in Johnson Controls International by 601.5% during the second quarter. Interval Partners LP now owns 676,676 shares of the company's stock worth $44,979,000 after purchasing an additional 580,212 shares in the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, CEO George Oliver sold 110,615 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $76.79, for a total value of $8,494,125.85. Following the completion of the transaction, the chief executive officer now directly owns 1,243,751 shares in the company, valued at approximately $95,507,639.29. This represents a 8.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Marlon Sullivan sold 7,230 shares of Johnson Controls International stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total value of $602,620.50. Following the completion of the sale, the executive vice president now owns 32,246 shares in the company, valued at $2,687,704.10. This represents a 18.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 758,588 shares of company stock valued at $62,480,987 over the last ninety days. Company insiders own 0.69% of the company's stock.
Wall Street Analyst Weigh In
JCI has been the subject of several research analyst reports. Mizuho upped their target price on Johnson Controls International from $62.00 to $75.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. Royal Bank of Canada increased their price objective on shares of Johnson Controls International from $81.00 to $86.00 and gave the company a "sector perform" rating in a report on Thursday, November 7th. Morgan Stanley started coverage on shares of Johnson Controls International in a research note on Friday, September 6th. They set an "overweight" rating and a $85.00 target price for the company. Wells Fargo & Company raised their price target on shares of Johnson Controls International from $84.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. Finally, Robert W. Baird boosted their price objective on Johnson Controls International from $80.00 to $85.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $80.93.
Read Our Latest Analysis on Johnson Controls International
Johnson Controls International Trading Up 1.2 %
NYSE:JCI traded up $0.97 during trading hours on Friday, hitting $79.92. The company had a trading volume of 1,849,350 shares, compared to its average volume of 1,889,275. Johnson Controls International plc has a 1 year low of $51.71 and a 1 year high of $87.16. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average of $81.53 and a 200 day moving average of $74.77. The company has a market cap of $52.92 billion, a P/E ratio of 31.46, a P/E/G ratio of 2.31 and a beta of 1.31.
Johnson Controls International Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Monday, December 23rd will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend is Monday, December 23rd. Johnson Controls International's payout ratio is currently 58.27%.
About Johnson Controls International
(
Free Report)
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.
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