Vontobel Holding Ltd. trimmed its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 45.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 430,717 shares of the company's stock after selling 357,775 shares during the quarter. Vontobel Holding Ltd. owned 0.07% of Johnson Controls International worth $33,996,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JCI. Park Avenue Securities LLC grew its position in shares of Johnson Controls International by 101.5% in the 4th quarter. Park Avenue Securities LLC now owns 26,517 shares of the company's stock worth $2,093,000 after buying an additional 13,360 shares during the last quarter. Certuity LLC purchased a new stake in Johnson Controls International in the fourth quarter worth $243,000. Y Intercept Hong Kong Ltd boosted its holdings in Johnson Controls International by 136.8% in the third quarter. Y Intercept Hong Kong Ltd now owns 91,248 shares of the company's stock valued at $7,082,000 after acquiring an additional 52,719 shares in the last quarter. Geode Capital Management LLC increased its position in Johnson Controls International by 0.5% during the 3rd 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 during the period. Finally, BNC Wealth Management LLC bought a new position in Johnson Controls International in the 4th quarter worth $2,093,000. 90.05% of the stock is currently owned by institutional investors.
Insider Transactions at Johnson Controls International
In other news, EVP Marlon Sullivan sold 7,230 shares of the business's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total value of $602,620.50. Following the transaction, the executive vice president now directly owns 32,246 shares in the company, valued at $2,687,704.10. The trade was a 18.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 stock was sold at an average price of $76.44, for a total value of $108,621.24. Following the completion of the transaction, the vice president now owns 148,346 shares of the company's stock, valued at $11,339,568.24. The trade was a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,113,772 shares of company stock valued at $95,772,462 over the last three months. Corporate insiders own 0.54% of the company's stock.
Johnson Controls International Stock Performance
NYSE JCI traded up $1.11 during trading hours on Tuesday, hitting $90.88. 1,493,688 shares of the company's stock traded hands, compared to its average volume of 4,539,573. The company has a current ratio of 1.02, a quick ratio of 0.79 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $59.99 billion, a P/E ratio of 34.66, a P/E/G ratio of 2.48 and a beta of 1.32. Johnson Controls International plc has a 52 week low of $56.28 and a 52 week high of $91.09. The business's fifty day moving average price is $81.62 and its two-hundred day moving average price is $77.93.
Johnson Controls International (NYSE:JCI - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts predict that Johnson Controls International plc will post 3.52 EPS for the current year.
Johnson Controls International Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, December 23rd were given a $0.37 dividend. The ex-dividend date was Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.63%. Johnson Controls International's payout ratio is currently 56.49%.
Analysts Set New Price Targets
Several brokerages recently issued reports on JCI. Argus upgraded 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 research report on Friday, December 20th. Royal Bank of Canada upped their target price on Johnson Controls International from $86.00 to $93.00 and gave the stock a "sector perform" rating in a report on Thursday, February 6th. JPMorgan Chase & Co. lifted their price target on Johnson Controls International from $87.00 to $100.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Morgan Stanley increased their price target on shares of Johnson Controls International from $95.00 to $105.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Finally, Citigroup decreased their target price on shares of 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. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Johnson Controls International has an average rating of "Moderate Buy" and a consensus price target of $91.13.
Read Our Latest Analysis on Johnson Controls International
Johnson Controls International Company Profile
(
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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