Swiss National Bank Sells 112,500 Shares of Johnson Controls International plc (NYSE:JCI)

Swiss National Bank lowered its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 5.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,887,081 shares of the company's stock after selling 112,500 shares during the quarter. Swiss National Bank owned 0.29% of Johnson Controls International worth $148,947,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JCI. State Street Corp grew its position in Johnson Controls International by 1.1% during the third quarter. State Street Corp now owns 27,939,766 shares of the company's stock valued at $2,178,595,000 after acquiring an additional 300,712 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of 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 last quarter. Geode Capital Management LLC raised its position in Johnson Controls International by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company's stock worth $1,041,822,000 after purchasing an additional 71,493 shares during the period. Raymond James Financial Inc. bought a new stake in Johnson Controls International in the fourth quarter worth $568,309,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Johnson Controls International by 514.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company's stock valued at $418,439,000 after buying an additional 4,514,792 shares during the period. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

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Johnson Controls International Stock Up 0.1 %

Shares of NYSE:JCI traded up $0.07 during midday trading on Tuesday, reaching $81.58. The company's stock had a trading volume of 4,735,854 shares, compared to its average volume of 4,170,572. 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 50 day moving average of $82.45 and a 200-day moving average of $79.87. The firm has a market capitalization of $53.86 billion, a P/E ratio of 31.14, a PEG ratio of 1.96 and a beta of 1.32. 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 announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, topping 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%. On average, research analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 24th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Monday, March 24th. Johnson Controls International's payout ratio is 56.49%.

Insiders Place Their Bets

In related news, Director George Oliver sold 15,669 shares of the company's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $77.49, for a total value of $1,214,190.81. Following the transaction, the director now owns 1,003,893 shares in the company, valued at $77,791,668.57. The trade was a 1.54 % decrease in their position. The sale 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 Johnson Controls International stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $76.44, for a total transaction of $108,621.24. Following the completion of the transaction, the vice president now directly owns 148,346 shares of the company's stock, valued at $11,339,568.24. This trade represents a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 906,050 shares of company stock valued at $77,839,329. 0.54% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have weighed in on JCI shares. UBS Group upgraded Johnson Controls International from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $90.00 to $103.00 in a research report on Monday, February 10th. Barclays cut their price target on shares of Johnson Controls International from $88.00 to $85.00 and set an "equal weight" rating on the stock in a report on Monday, March 10th. Royal Bank of Canada upped their price objective 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. Citigroup cut their target price on Johnson Controls International from $85.00 to $84.00 and set a "neutral" rating on the stock in a research note on Monday, January 13th. Finally, Argus raised Johnson Controls International from a "hold" rating to a "buy" rating and set a $88.00 price target for the company in a research report on Friday, December 20th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $91.27.

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.