Wellington Management Group LLP Decreases Stake in Johnson Controls International plc (NYSE:JCI)

Wellington Management Group LLP cut its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 22.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,052,153 shares of the company's stock after selling 6,325,933 shares during the quarter. Wellington Management Group LLP owned 3.30% of Johnson Controls International worth $1,711,468,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Fortitude Family Office LLC raised its holdings in Johnson Controls International by 195.8% in the 3rd quarter. Fortitude Family Office LLC now owns 420 shares of the company's stock valued at $33,000 after buying an additional 278 shares during the last quarter. Wolff Wiese Magana LLC raised its stake in shares of Johnson Controls International by 977.3% during the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company's stock valued at $37,000 after acquiring an additional 430 shares during the last quarter. Continuum Advisory LLC lifted its holdings in shares of Johnson Controls International by 65.2% during the second quarter. Continuum Advisory LLC now owns 527 shares of the company's stock worth $35,000 after purchasing an additional 208 shares during the period. Western Pacific Wealth Management LP bought a new stake in shares of Johnson Controls International in the third quarter worth $44,000. Finally, Friedenthal Financial acquired a new stake in Johnson Controls International in the second quarter valued at $47,000. 90.05% of the stock is owned by institutional investors and hedge funds.

Johnson Controls International Stock Up 1.5 %

NYSE:JCI traded up $1.25 on Friday, hitting $84.34. The stock had a trading volume of 4,223,078 shares, compared to its average volume of 3,454,579. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. Johnson Controls International plc has a 52 week low of $51.70 and a 52 week high of $87.16. The business's fifty day moving average is $79.77 and its 200 day moving average is $73.44. The company has a market cap of $55.85 billion, a PE ratio of 33.20, a P/E/G ratio of 2.34 and a beta of 1.31.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Monday, December 23rd will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.75%. The ex-dividend date is Monday, December 23rd. Johnson Controls International's payout ratio is currently 58.27%.

Analysts Set New Price Targets

Several research analysts have commented on JCI shares. StockNews.com downgraded Johnson Controls International from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th. Wells Fargo & Company lifted their price objective on Johnson Controls International from $84.00 to $90.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. Mizuho increased their target price on shares of Johnson Controls International from $62.00 to $75.00 and gave the company a "neutral" rating in a research report on Thursday, October 17th. Royal Bank of Canada boosted their price target on shares of Johnson Controls International from $81.00 to $86.00 and gave the stock a "sector perform" rating in a research report on Thursday, November 7th. Finally, Bank of America increased their price objective on shares of Johnson Controls International from $80.00 to $95.00 and gave the stock a "buy" rating in a research report on Friday, September 27th. Twelve analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $78.57.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, COO Nathan D. Manning sold 3,000 shares of Johnson Controls International stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total transaction of $231,240.00. Following the completion of the transaction, the chief operating officer now owns 140,488 shares in the company, valued at approximately $10,828,815.04. The trade was a 2.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO George Oliver sold 110,615 shares of the business's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $72.67, for a total value of $8,038,392.05. Following the sale, the chief executive officer now directly owns 1,243,751 shares of the company's stock, valued at $90,383,385.17. This represents a 8.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 740,662 shares of company stock valued at $59,869,133. 0.69% of the stock is owned by company insiders.

About Johnson Controls International

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.