Wellington Management Group LLP Has $1.51 Billion Position in Johnson Controls International plc (NYSE:JCI)

Wellington Management Group LLP reduced its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 13.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,099,320 shares of the company's stock after selling 2,952,833 shares during the quarter. Wellington Management Group LLP owned approximately 2.89% of Johnson Controls International worth $1,507,509,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC raised its position in shares of Johnson Controls International by 17.3% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 73,658 shares of the company's stock valued at $5,814,000 after acquiring an additional 10,879 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in shares of Johnson Controls International by 18.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 73,226 shares of the company's stock worth $5,861,000 after purchasing an additional 11,147 shares during the period. Summit Securities Group LLC bought a new position in shares of Johnson Controls International in the 4th quarter worth about $300,000. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Johnson Controls International by 4.5% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,128,506 shares of the company's stock worth $562,653,000 after buying an additional 305,185 shares during the last quarter. Finally, Allianz SE acquired a new position in shares of Johnson Controls International in the 4th quarter valued at about $621,000. Institutional investors and hedge funds own 90.05% of the company's stock.

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Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Melius cut shares of Johnson Controls International from a "buy" rating to a "hold" rating and set a $95.00 target price on the stock. in a report on Tuesday, January 28th. JPMorgan Chase & Co. raised their price target on Johnson Controls International from $87.00 to $100.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Melius Research restated a "hold" rating and set a $95.00 price objective on shares of Johnson Controls International in a research note on Tuesday, January 28th. UBS Group upgraded Johnson Controls International from a "neutral" rating to a "buy" rating and raised their target price for the company from $90.00 to $103.00 in a research note on Monday, February 10th. Finally, Morgan Stanley upped 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 report on Thursday, February 6th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Johnson Controls International has an average rating of "Moderate Buy" and a consensus price target of $91.27.

Insider Activity

In other news, VP Daniel C. Mcconeghy sold 1,950 shares of the firm'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 completion of the sale, the vice president now directly owns 24,803 shares of the company's stock, valued at $2,175,967.19. This trade represents a 7.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Nathan D. Manning sold 1,421 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $76.44, for a total value of $108,621.24. Following the sale, the vice president now owns 148,346 shares in the company, valued at approximately $11,339,568.24. The trade was a 0.95 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 907,286 shares of company stock worth $77,938,071. Corporate insiders own 0.54% of the company's stock.

Johnson Controls International Price Performance

NYSE:JCI traded down $5.51 during midday trading on Thursday, hitting $77.35. 3,893,993 shares of the stock were exchanged, compared to its average volume of 4,404,026. The company has a market capitalization of $51.06 billion, a price-to-earnings ratio of 29.60, a P/E/G ratio of 1.96 and a beta of 1.32. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. Johnson Controls International plc has a one year low of $59.83 and a one year high of $91.14. The business has a 50-day moving average price of $82.92 and a two-hundred day moving average price of $80.78.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued 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%. Sell-side analysts predict that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 24th will be given a dividend of $0.37 per share. The ex-dividend date 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 (DPR) is 56.49%.

Johnson Controls International 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.