Rhumbline Advisers Sells 25,657 Shares of Johnson Controls International plc (NYSE:JCI)

Rhumbline Advisers reduced its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 2.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,169,493 shares of the company's stock after selling 25,657 shares during the period. Rhumbline Advisers owned approximately 0.18% of Johnson Controls International worth $92,308,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of 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. Fisher Asset Management LLC lifted its position in Johnson Controls International by 3.4% in the 3rd quarter. Fisher Asset Management LLC now owns 15,295,506 shares of the company's stock valued at $1,187,084,000 after acquiring an additional 509,293 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in Johnson Controls International in the 4th quarter valued at about $32,609,000. Worldquant Millennium Advisors LLC acquired a new position in Johnson Controls International during the 3rd quarter valued at about $25,065,000. Finally, State Street Corp raised its stake in shares of Johnson Controls International by 1.1% in the third quarter. State Street Corp now owns 27,939,766 shares of the company's stock worth $2,178,595,000 after purchasing an additional 300,712 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

Johnson Controls International Stock Performance

JCI traded down $0.25 during trading hours on Wednesday, hitting $90.36. The stock had a trading volume of 2,040,740 shares, compared to its average volume of 4,527,320. The stock has a market cap of $59.65 billion, a PE ratio of 34.49, a price-to-earnings-growth ratio of 1.98 and a beta of 1.32. Johnson Controls International plc has a 1 year low of $56.28 and a 1 year high of $91.14. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. The company's fifty day simple moving average is $81.78 and its 200 day simple moving average is $78.09.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its quarterly earnings results 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 net margin of 6.83% and a return on equity of 15.11%. Equities analysts anticipate 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 disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were issued a $0.37 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.64%. Johnson Controls International's dividend payout ratio is currently 56.49%.

Analyst Ratings Changes

Several research analysts recently issued reports on JCI shares. JPMorgan Chase & Co. lifted their target price on 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 lowered shares of Johnson Controls International from a "buy" rating to a "hold" rating and set a $95.00 target price for the company. in a research note on Tuesday, January 28th. Citigroup lowered their target price on shares of Johnson Controls International from $85.00 to $84.00 and set a "neutral" rating for the company in a report on Monday, January 13th. UBS Group upgraded shares of Johnson Controls International from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $90.00 to $103.00 in a report on Monday, February 10th. Finally, Argus upgraded shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $88.00 price objective for the company in a research note on Friday, December 20th. Eight 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, Johnson Controls International has an average rating of "Moderate Buy" and a consensus price target of $91.13.

Insider Activity

In related news, EVP Marlon Sullivan sold 7,230 shares of the business's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total transaction of $602,620.50. Following the transaction, the executive vice president now owns 32,246 shares in the company, valued at $2,687,704.10. The trade was a 18.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO George Oliver sold 162,894 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $89.28, for a total value of $14,543,176.32. Following the completion of the sale, the chief executive officer now 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. In the last quarter, insiders sold 889,434 shares of company stock valued at $77,215,058. Insiders own 0.54% of the company's stock.

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.