Rathbones Group PLC lowered its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 352,838 shares of the company's stock after selling 12,949 shares during the period. Rathbones Group PLC owned approximately 0.05% of Johnson Controls International worth $27,850,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in Johnson Controls International by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 68,156,110 shares of the company's stock worth $5,379,562,000 after acquiring an additional 179,743 shares in the last quarter. Franklin Resources Inc. lifted its position in Johnson Controls International by 6.0% in the 4th quarter. Franklin Resources Inc. now owns 23,344,374 shares of the company's stock valued at $1,842,571,000 after purchasing an additional 1,325,500 shares during the last quarter. Invesco Ltd. boosted its stake in Johnson Controls International by 13.2% during the 4th quarter. Invesco Ltd. now owns 18,407,597 shares of the company's stock valued at $1,452,912,000 after purchasing an additional 2,150,573 shares during the period. Fisher Asset Management LLC grew its position in Johnson Controls International by 2.9% in the 4th quarter. Fisher Asset Management LLC now owns 15,743,019 shares of the company's stock worth $1,242,597,000 after purchasing an additional 447,513 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Johnson Controls International by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 13,818,777 shares of the company's stock valued at $1,087,670,000 after purchasing an additional 343,517 shares during the period. Institutional investors and hedge funds own 90.05% of the company's stock.
Johnson Controls International Stock Performance
NYSE:JCI traded up $1.45 during mid-day trading on Friday, hitting $77.68. 3,026,682 shares of the company's stock traded hands, compared to its average volume of 4,469,610. The firm has a market capitalization of $51.28 billion, a price-to-earnings ratio of 29.65, a price-to-earnings-growth ratio of 1.96 and a beta of 1.22. The firm has a 50 day moving average of $82.34 and a two-hundred day moving average of $80.79. 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 plc has a 12 month low of $59.83 and a 12 month high of $91.14.
Johnson Controls International (NYSE:JCI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. On average, equities analysts forecast that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.
Johnson Controls International Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 24th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend is Monday, March 24th. Johnson Controls International's payout ratio is presently 56.49%.
Insider Activity
In related news, CEO George Oliver sold 205,168 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $88.03, for a total value of $18,060,939.04. Following the completion of the transaction, the chief executive officer now owns 1,260,527 shares of the company's stock, valued at $110,964,191.81. This represents a 14.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Nathan D. Manning sold 1,421 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $76.44, for a total value of $108,621.24. Following the completion of the sale, the vice president now owns 148,346 shares in the company, valued at approximately $11,339,568.24. This represents a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 907,286 shares of company stock worth $77,938,071. Company insiders own 0.54% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on JCI. Royal Bank of Canada increased their target price on shares of Johnson Controls International from $86.00 to $93.00 and gave the company a "sector perform" rating in a research report on Thursday, February 6th. Wells Fargo & Company increased their price target on Johnson Controls International from $92.00 to $98.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. UBS Group raised Johnson Controls International from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $90.00 to $103.00 in a research note on Monday, February 10th. Citigroup decreased their target price on 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. Finally, Melius Research restated a "hold" rating and set a $95.00 price objective on shares of Johnson Controls International in a research report on Tuesday, January 28th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $90.00.
Read Our Latest Stock Analysis on Johnson Controls International
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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