KBC Group NV Has $11.57 Million Stake in Johnson Controls International plc (NYSE:JCI)

KBC Group NV cut its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 6.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 146,572 shares of the company's stock after selling 9,361 shares during the quarter. KBC Group NV's holdings in Johnson Controls International were worth $11,569,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC lifted its stake in Johnson Controls International by 195.8% in the third 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 grew its position in Johnson Controls International by 977.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 474 shares of the company's stock worth $37,000 after purchasing an additional 430 shares during the last quarter. ST Germain D J Co. Inc. raised its holdings in shares of Johnson Controls International by 32.8% during the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company's stock valued at $43,000 after buying an additional 134 shares during the last quarter. Western Pacific Wealth Management LP acquired a new position in shares of Johnson Controls International during the third quarter worth approximately $44,000. Finally, Friedenthal Financial bought a new stake in Johnson Controls International during the 4th quarter valued at $49,000. Institutional investors and hedge funds own 90.05% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Citigroup reduced their price target on shares of Johnson Controls International from $85.00 to $84.00 and set a "neutral" rating for the company in a research note on Monday, January 13th. Wells Fargo & Company dropped their price objective on Johnson Controls International from $95.00 to $92.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 7th. Oppenheimer lifted their target price on Johnson Controls International from $86.00 to $87.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Robert W. Baird upped their price target on shares of Johnson Controls International from $80.00 to $85.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Finally, Melius cut shares of Johnson Controls International from a "buy" rating to a "hold" rating and set a $95.00 price objective on the stock. in a research note on Tuesday. Eleven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $84.00.

Insiders Place Their Bets

In related news, CEO George Oliver sold 124,497 shares of the company's stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $82.67, for a total value of $10,292,166.99. Following the completion of the sale, the chief executive officer now directly owns 1,267,716 shares in the company, valued at approximately $104,802,081.72. This represents a 8.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Marlon Sullivan sold 7,230 shares of the firm's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total value of $602,620.50. Following the transaction, the executive vice president now owns 32,246 shares in the company, valued at approximately $2,687,704.10. This trade represents a 18.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 647,787 shares of company stock valued at $53,972,452 in the last three months. Insiders own 0.69% of the company's stock.

Johnson Controls International Stock Up 2.3 %

JCI stock traded up $1.74 during midday trading on Thursday, reaching $78.02. The company had a trading volume of 2,315,173 shares, compared to its average volume of 3,793,933. The company has a 50 day moving average of $81.20 and a two-hundred day moving average of $76.44. The company has a market capitalization of $51.50 billion, a P/E ratio of 30.79, a PEG ratio of 2.35 and a beta of 1.32. Johnson Controls International plc has a 1 year low of $52.02 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.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, December 23rd were given a dividend of $0.37 per share. The ex-dividend date was Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.90%. Johnson Controls International's payout ratio is 58.27%.

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.