Capital World Investors Cuts Stake in Johnson Controls International plc (NYSE:JCI)

Capital World Investors lessened its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 12.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,322,666 shares of the company's stock after selling 2,261,821 shares during the period. Capital World Investors owned approximately 2.32% of Johnson Controls International worth $1,209,418,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Gilbert & Cook Inc. raised its position in shares of Johnson Controls International by 2.0% in the fourth quarter. Gilbert & Cook Inc. now owns 6,458 shares of the company's stock worth $510,000 after buying an additional 127 shares in the last quarter. Jackson Hole Capital Partners LLC raised its holdings in shares of Johnson Controls International by 0.7% in the 4th quarter. Jackson Hole Capital Partners LLC now owns 18,621 shares of the company's stock valued at $1,470,000 after acquiring an additional 127 shares in the last quarter. Graypoint LLC boosted its position in shares of Johnson Controls International by 4.1% during the 4th quarter. Graypoint LLC now owns 3,277 shares of the company's stock valued at $259,000 after acquiring an additional 130 shares during the last quarter. ST Germain D J Co. Inc. grew its holdings in shares of Johnson Controls International by 32.8% during the fourth 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 in the last quarter. Finally, Brooklyn Investment Group raised its stake in Johnson Controls International by 3.1% in the fourth quarter. Brooklyn Investment Group now owns 4,444 shares of the company's stock valued at $351,000 after purchasing an additional 135 shares in the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on JCI shares. Morgan Stanley boosted 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. Melius Research reissued a "hold" rating and issued a $95.00 target price 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 price target for the company from $90.00 to $103.00 in a research report on Monday, February 10th. Royal Bank of Canada upped their price objective 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. Finally, Wells Fargo & Company raised their price objective on Johnson Controls International from $92.00 to $98.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Johnson Controls International currently has an average rating of "Moderate Buy" and an average target price of $90.07.

Insider Activity at Johnson Controls International

In related news, VP Daniel C. Mcconeghy sold 1,950 shares of the business's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $87.73, for a total transaction of $171,073.50. Following the sale, the vice president now owns 24,803 shares of the company's stock, valued at $2,175,967.19. The trade was a 7.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Nathan D. Manning sold 1,421 shares of the business'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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 907,286 shares of company stock worth $77,938,071 over the last ninety days. 0.54% of the stock is owned by corporate insiders.

Johnson Controls International Trading Up 1.4 %

Shares of JCI stock traded up $1.09 during trading hours on Friday, reaching $81.45. The company's stock had a trading volume of 1,029,754 shares, compared to its average volume of 4,448,097. 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 stock has a market capitalization of $53.77 billion, a P/E ratio of 31.03, a P/E/G ratio of 1.96 and a beta of 1.22. The firm's fifty day simple moving average is $80.33 and its 200 day simple moving average is $80.82.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. Equities research analysts expect that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 24th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.82%. Johnson Controls International's dividend payout ratio (DPR) is 56.49%.

About Johnson Controls International

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.