Russell Investments Group Ltd. Trims Stock Holdings in Johnson Controls International plc (NYSE:JCI)

Russell Investments Group Ltd. reduced its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 3.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 474,277 shares of the company's stock after selling 15,206 shares during the quarter. Russell Investments Group Ltd. owned 0.07% of Johnson Controls International worth $37,482,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in JCI. Vanguard Group Inc. grew its stake in shares of Johnson Controls International by 0.3% in the fourth 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 during the period. Franklin Resources Inc. increased its stake 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 worth $1,842,571,000 after buying an additional 1,325,500 shares in the last quarter. Fisher Asset Management LLC raised its stake in Johnson Controls International by 2.9% during the 4th quarter. Fisher Asset Management LLC now owns 15,743,019 shares of the company's stock valued at $1,242,597,000 after purchasing an additional 447,513 shares during the period. Geode Capital Management LLC raised its position in shares of Johnson Controls International by 2.5% during 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 buying an additional 343,517 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Johnson Controls International in the 4th quarter valued at $568,309,000. Institutional investors own 90.05% of the company's stock.

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Insider Activity

In other news, VP Nathan D. Manning sold 1,422 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $79.72, for a total value of $113,361.84. Following the transaction, the vice president now directly owns 145,502 shares of the company's stock, valued at approximately $11,599,419.44. This trade represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO George Oliver sold 205,168 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $88.03, for a total transaction of $18,060,939.04. Following the completion of the transaction, the chief executive officer now directly owns 1,260,527 shares in the company, valued at $110,964,191.81. This trade represents a 14.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 907,286 shares of company stock worth $77,938,071 over the last three months. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on JCI. UBS Group raised Johnson Controls International from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $90.00 to $103.00 in a research note on Monday, February 10th. Wells Fargo & Company lifted their target price on Johnson Controls International from $92.00 to $98.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Morgan Stanley boosted their price target on Johnson Controls International from $95.00 to $105.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. JPMorgan Chase & Co. lowered their price objective on shares of Johnson Controls International from $100.00 to $81.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, Barclays dropped their target price on Johnson Controls International from $88.00 to $85.00 and set an "equal weight" rating on the stock in a research report on Monday, March 10th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Johnson Controls International has an average rating of "Moderate Buy" and a consensus price target of $90.00.

Johnson Controls International Stock Performance

Shares of Johnson Controls International stock traded up $1.45 on Friday, reaching $77.68. 3,026,682 shares of the stock were exchanged, compared to its average volume of 4,468,796. Johnson Controls International plc has a twelve month low of $59.83 and a twelve month high of $91.14. The business has a 50 day moving average price of $82.34 and a two-hundred day moving average price of $80.82. 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 capitalization of $51.28 billion, a price-to-earnings ratio of 29.65, a PEG ratio of 1.96 and a beta of 1.22.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. Analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 24th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Monday, March 24th. This represents a $1.48 annualized dividend and a dividend yield of 1.91%. Johnson Controls International's dividend payout ratio is presently 56.49%.

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.