Prudential Financial Inc. Sells 7,598 Shares of Johnson Controls International plc (NYSE:JCI)

Prudential Financial Inc. lowered its stake in Johnson Controls International plc (NYSE:JCI - Free Report) by 8.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 85,048 shares of the company's stock after selling 7,598 shares during the quarter. Prudential Financial Inc.'s holdings in Johnson Controls International were worth $6,713,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Townsquare Capital LLC raised its stake in shares of Johnson Controls International by 29.9% during the 3rd quarter. Townsquare Capital LLC now owns 14,101 shares of the company's stock worth $1,094,000 after purchasing an additional 3,247 shares in the last quarter. CreativeOne Wealth LLC acquired a new position in Johnson Controls International during the third quarter worth $328,000. Public Sector Pension Investment Board raised its position in Johnson Controls International by 14.1% during the third quarter. Public Sector Pension Investment Board now owns 28,321 shares of the company's stock worth $2,198,000 after acquiring an additional 3,500 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in Johnson Controls International by 3.1% during the third quarter. Rockefeller Capital Management L.P. now owns 411,373 shares of the company's stock worth $31,920,000 after acquiring an additional 12,547 shares in the last quarter. Finally, Fred Alger Management LLC lifted its stake in Johnson Controls International by 19.1% in the third quarter. Fred Alger Management LLC now owns 49,233 shares of the company's stock valued at $3,821,000 after acquiring an additional 7,881 shares during the last quarter. Institutional investors own 90.05% of the company's stock.

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Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on JCI shares. JPMorgan Chase & Co. upped their target price on shares of Johnson Controls International from $87.00 to $100.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Melius lowered 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, January 28th. Wells Fargo & Company raised their price objective on Johnson Controls International from $92.00 to $98.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Argus raised Johnson Controls International from a "hold" rating to a "buy" rating and set a $88.00 target price on the stock in a report on Friday, December 20th. Finally, UBS Group raised Johnson Controls International from a "neutral" rating to a "buy" rating and raised their price target for the company from $90.00 to $103.00 in a report on Monday, February 10th. 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, the company has a consensus rating of "Moderate Buy" and a consensus target price of $91.27.

Johnson Controls International Stock Performance

Shares of NYSE:JCI traded down $4.30 on Thursday, reaching $78.56. 2,633,742 shares of the company's stock were exchanged, compared to its average volume of 4,398,495. Johnson Controls International plc has a twelve month low of $59.83 and a twelve month high of $91.14. The company has a fifty day moving average of $82.92 and a 200-day moving average of $80.78. The company has a market capitalization of $51.86 billion, a price-to-earnings ratio of 29.98, a PEG ratio of 1.96 and a beta of 1.32. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (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, research analysts predict that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 24th will be given a dividend of $0.37 per share. The ex-dividend date is Monday, March 24th. This represents a $1.48 annualized dividend and a yield of 1.88%. Johnson Controls International's dividend payout ratio is 56.49%.

Insiders Place Their Bets

In related news, VP Nathan D. Manning sold 1,421 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $76.44, for a total transaction of $108,621.24. Following the sale, the vice president now owns 148,346 shares in the company, valued at approximately $11,339,568.24. This trade represents a 0.95 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director George Oliver sold 15,669 shares of the business's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $77.49, for a total transaction of $1,214,190.81. Following the transaction, the director now owns 1,003,893 shares of the company's stock, valued at approximately $77,791,668.57. This represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 907,286 shares of company stock worth $77,938,071 over the last ninety days. Corporate insiders own 0.54% of the company's stock.

Johnson Controls International Company 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.