River Global Investors LLP Reduces Holdings in Johnson Controls International plc (NYSE:JCI)

River Global Investors LLP reduced its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 47.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,698 shares of the company's stock after selling 19,493 shares during the period. River Global Investors LLP's holdings in Johnson Controls International were worth $1,713,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Metis Global Partners LLC raised its stake in Johnson Controls International by 0.4% in the third quarter. Metis Global Partners LLC now owns 28,446 shares of the company's stock valued at $2,208,000 after buying an additional 127 shares during the last quarter. Gilbert & Cook Inc. increased its holdings in shares of Johnson Controls International by 2.0% during the fourth quarter. Gilbert & Cook Inc. now owns 6,458 shares of the company's stock valued at $510,000 after acquiring an additional 127 shares in the last quarter. Graypoint LLC raised its position in shares of Johnson Controls International by 4.1% in the 4th quarter. Graypoint LLC now owns 3,277 shares of the company's stock valued at $259,000 after purchasing an additional 130 shares during the last quarter. ST Germain D J Co. Inc. raised its position in shares of Johnson Controls International by 32.8% in the 4th quarter. ST Germain D J Co. Inc. now owns 543 shares of the company's stock valued at $43,000 after purchasing an additional 134 shares during the last quarter. Finally, Brooklyn Investment Group boosted its stake in Johnson Controls International by 3.1% in the 4th quarter. Brooklyn Investment Group now owns 4,444 shares of the company's stock worth $351,000 after purchasing an additional 135 shares in the last quarter. Institutional investors own 90.05% of the company's stock.

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Analyst Upgrades and Downgrades

JCI has been the subject of a number of research analyst reports. StockNews.com cut shares of Johnson Controls International from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th. Morgan Stanley raised their target price on Johnson Controls International from $95.00 to $105.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Barclays lowered their price target on Johnson Controls International from $88.00 to $85.00 and set an "equal weight" rating for the company in a research report on Monday. UBS Group raised Johnson Controls International from a "neutral" rating to a "buy" rating and increased their price objective for the company from $90.00 to $103.00 in a report on Monday, February 10th. Finally, Melius Research reaffirmed a "hold" rating and set a $95.00 target price on shares of Johnson Controls International in a report on Tuesday, January 28th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $91.27.

Insider Activity

In related news, CEO George Oliver sold 205,168 shares of Johnson Controls International stock in a transaction on 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 sale, the chief executive officer now owns 1,260,527 shares of the company's stock, valued at approximately $110,964,191.81. This trade represents a 14.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Daniel C. Mcconeghy sold 1,950 shares of the company's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $87.73, for a total transaction of $171,073.50. Following the transaction, the vice president now owns 24,803 shares of the company's stock, valued at $2,175,967.19. This represents a 7.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 706,050 shares of company stock worth $61,972,667 over the last three months. 0.54% of the stock is currently owned by corporate insiders.

Johnson Controls International Stock Performance

Shares of NYSE JCI traded up $1.75 during midday trading on Wednesday, reaching $78.74. 4,958,047 shares of the stock were exchanged, compared to its average volume of 4,715,560. 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 firm has a market cap of $51.98 billion, a price-to-earnings ratio of 30.05, a PEG ratio of 1.96 and a beta of 1.32. The firm has a 50-day simple moving average of $82.45 and a two-hundred day simple moving average of $79.64. Johnson Controls International plc has a twelve month low of $59.83 and a twelve month high of $91.14.

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, beating 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%. As a group, analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 24th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.88%. Johnson Controls International's payout ratio is currently 56.49%.

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.