Sei Investments Co. Reduces Position in Johnson Controls International plc (NYSE:JCI)

Sei Investments Co. lessened its holdings in Johnson Controls International plc (NYSE:JCI - Free Report) by 5.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 683,295 shares of the company's stock after selling 35,988 shares during the period. Sei Investments Co. owned about 0.10% of Johnson Controls International worth $53,934,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Park Avenue Securities LLC raised its position in Johnson Controls International by 101.5% in the fourth quarter. Park Avenue Securities LLC now owns 26,517 shares of the company's stock worth $2,093,000 after acquiring an additional 13,360 shares during the period. Certuity LLC purchased a new stake in shares of Johnson Controls International in the 4th quarter worth $243,000. Y Intercept Hong Kong Ltd raised its holdings in Johnson Controls International by 136.8% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 91,248 shares of the company's stock worth $7,082,000 after purchasing an additional 52,719 shares during the period. Geode Capital Management LLC lifted its position in Johnson Controls International by 0.5% during the third quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company's stock valued at $1,041,822,000 after purchasing an additional 71,493 shares in the last quarter. Finally, BNC Wealth Management LLC purchased a new position in Johnson Controls International during the fourth quarter valued at $2,093,000. Institutional investors own 90.05% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on JCI. Morgan Stanley lifted their price objective on Johnson Controls International from $95.00 to $105.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Argus raised shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $88.00 price target on the stock in a report on Friday, December 20th. JPMorgan Chase & Co. increased their price objective on shares of Johnson Controls International from $87.00 to $100.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Royal Bank of Canada lifted 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 note on Thursday, February 6th. Finally, UBS Group upgraded Johnson Controls International from a "neutral" rating to a "buy" rating and increased their price target for the stock from $90.00 to $103.00 in a research note on Monday, February 10th. 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, Johnson Controls International currently has an average rating of "Moderate Buy" and a consensus price target of $91.27.

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Johnson Controls International Price Performance

NYSE:JCI traded down $0.31 during trading hours on Tuesday, reaching $84.22. The stock had a trading volume of 2,024,703 shares, compared to its average volume of 4,179,907. The stock has a market capitalization of $55.59 billion, a PE ratio of 32.14, a PEG ratio of 1.96 and a beta of 1.32. Johnson Controls International plc has a 52 week low of $59.83 and a 52 week high of $91.14. The company has a 50 day moving average price of $82.80 and a two-hundred day moving average price of $80.28. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates 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, sell-side 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 issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend is Monday, March 24th. Johnson Controls International's payout ratio is 56.49%.

Insider Buying and Selling

In other news, Director George Oliver sold 15,669 shares of Johnson Controls International stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $77.49, for a total value of $1,214,190.81. Following the completion of the transaction, the director now owns 1,003,893 shares in the company, valued at approximately $77,791,668.57. The trade was a 1.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Nathan D. Manning sold 1,421 shares of the business'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 transaction, the vice president now directly owns 148,346 shares in the company, valued at approximately $11,339,568.24. This represents a 0.95 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 905,864 shares of company stock worth $77,824,710. 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.