Johnson Controls International plc (NYSE:JCI) Shares Sold by Zacks Investment Management

Zacks Investment Management lessened its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 9.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 629,200 shares of the company's stock after selling 63,395 shares during the period. Zacks Investment Management owned 0.10% of Johnson Controls International worth $49,663,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Gilbert & Cook Inc. increased its stake in Johnson Controls International by 2.0% during the fourth quarter. Gilbert & Cook Inc. now owns 6,458 shares of the company's stock worth $510,000 after acquiring an additional 127 shares during the last quarter. Jackson Hole Capital Partners LLC increased its position in Johnson Controls International by 0.7% during the 4th quarter. Jackson Hole Capital Partners LLC now owns 18,621 shares of the company's stock valued at $1,470,000 after purchasing an additional 127 shares during the period. Graypoint LLC raised its stake in Johnson Controls International by 4.1% in the fourth quarter. Graypoint LLC now owns 3,277 shares of the company's stock worth $259,000 after buying an additional 130 shares in the last quarter. ST Germain D J Co. Inc. lifted its stake in shares of Johnson Controls International by 32.8% during the 4th quarter. ST Germain D J Co. Inc. now owns 543 shares of the company's stock worth $43,000 after purchasing an additional 134 shares during the last quarter. Finally, Brooklyn Investment Group lifted its position in shares of Johnson Controls International by 3.1% during the fourth quarter. Brooklyn Investment Group now owns 4,444 shares of the company's stock valued at $351,000 after buying an additional 135 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company's stock.

Johnson Controls International Stock Up 0.1 %

Shares of JCI traded up $0.11 during midday trading on Friday, hitting $76.77. The company had a trading volume of 4,893,466 shares, compared to its average volume of 4,472,177. Johnson Controls International plc has a 1 year low of $59.83 and a 1 year high of $91.14. The firm has a market capitalization of $50.68 billion, a P/E ratio of 29.30, a P/E/G ratio of 1.96 and a beta of 1.22. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02. The company's 50-day simple moving average is $81.28 and its 200-day simple moving average is $80.78.

Johnson Controls International (NYSE:JCI - Get Free Report) last released 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%. As a group, sell-side analysts expect that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 24th were given a dividend of $0.37 per share. The ex-dividend date was Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.93%. Johnson Controls International's dividend payout ratio (DPR) is presently 56.49%.

Insiders Place Their Bets

In other Johnson Controls International news, CEO George Oliver sold 205,168 shares of Johnson Controls International stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $88.03, for a total value of $18,060,939.04. Following the transaction, the chief executive officer now directly owns 1,260,527 shares in the company, valued at approximately $110,964,191.81. This trade represents a 14.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through 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 sale, the vice president now owns 148,346 shares of the company's stock, valued at $11,339,568.24. This trade represents a 0.95 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 907,286 shares of company stock valued at $77,938,071. Insiders own 0.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on JCI shares. UBS Group raised Johnson Controls International from a "neutral" rating to a "buy" rating and upped their target price for the company from $90.00 to $103.00 in a research report on Monday, February 10th. JPMorgan Chase & Co. decreased their target price on Johnson Controls International from $100.00 to $81.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Argus upgraded Johnson Controls International from a "hold" rating to a "buy" rating and set a $88.00 price objective on the stock in a report on Friday, December 20th. Melius Research reissued a "hold" rating and set a $95.00 target price on shares of Johnson Controls International in a report on Tuesday, January 28th. Finally, Barclays lowered their price target on Johnson Controls International from $88.00 to $85.00 and set an "equal weight" rating on the stock in a research note on Monday, March 10th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $90.07.

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.