Johnson Controls International plc (NYSE:JCI) Stake Decreased by Deutsche Bank AG

Deutsche Bank AG lowered its stake in Johnson Controls International plc (NYSE:JCI - Free Report) by 10.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,423,881 shares of the company's stock after selling 272,590 shares during the quarter. Deutsche Bank AG owned approximately 0.37% of Johnson Controls International worth $191,317,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of JCI. Raymond James Financial Inc. purchased a new stake in Johnson Controls International during the 4th quarter worth about $568,309,000. Norges Bank purchased a new position in Johnson Controls International in the 4th quarter valued at about $560,549,000. Invesco Ltd. boosted its stake in shares of Johnson Controls International by 13.2% during the 4th quarter. Invesco Ltd. now owns 18,407,597 shares of the company's stock worth $1,452,912,000 after purchasing an additional 2,150,573 shares during the last quarter. Amundi grew its holdings in shares of Johnson Controls International by 76.7% during the fourth quarter. Amundi now owns 3,870,478 shares of the company's stock worth $309,422,000 after buying an additional 1,680,431 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Johnson Controls International by 6.0% during the fourth quarter. Franklin Resources Inc. now owns 23,344,374 shares of the company's stock worth $1,842,571,000 after buying an additional 1,325,500 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

Johnson Controls International Stock Up 0.9%

NYSE:JCI traded up $0.82 during mid-day trading on Tuesday, hitting $96.10. The company had a trading volume of 4,950,700 shares, compared to its average volume of 4,391,285. Johnson Controls International plc has a 1 year low of $64.31 and a 1 year high of $97.50. The business has a fifty day simple moving average of $80.89 and a 200-day simple moving average of $81.77. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $63.24 billion, a price-to-earnings ratio of 36.68, a PEG ratio of 1.96 and a beta of 1.28.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.77 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. The firm had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.64 billion. During the same period in the previous year, the company posted $0.78 EPS. Johnson Controls International's revenue for the quarter was up 1.4% on a year-over-year basis. Equities analysts forecast that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 24th were given a $0.37 dividend. The ex-dividend date of this dividend was Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a yield of 1.54%. Johnson Controls International's payout ratio is currently 39.47%.

Insider Activity

In related news, VP Nathan D. Manning sold 1,422 shares of the firm's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $86.91, for a total transaction of $123,586.02. Following the transaction, the vice president now directly owns 144,704 shares in the company, valued at $12,576,224.64. This trade represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO George Oliver sold 162,894 shares of the business's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $89.28, for a total transaction of $14,543,176.32. Following the sale, the chief executive officer now owns 1,203,893 shares of the company's stock, valued at approximately $107,483,567.04. The trade was a 11.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold 623,290 shares of company stock worth $53,188,746 over the last ninety days. Corporate insiders own 0.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on JCI shares. Barclays lowered their target price on shares of Johnson Controls International from $88.00 to $85.00 and set an "equal weight" rating for the company in a research note on Monday, March 10th. Morgan Stanley increased their target price on Johnson Controls International from $105.00 to $115.00 and gave the stock an "overweight" rating in a research report on Friday. Oppenheimer lifted their price target on Johnson Controls International from $90.00 to $96.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. cut their price objective on shares of Johnson Controls International from $100.00 to $81.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Johnson Controls International from a "hold" rating to a "buy" rating and upped their price target for the stock from $101.00 to $112.00 in a research report on Monday. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Johnson Controls International currently has a consensus rating of "Moderate Buy" and a consensus target price of $94.06.

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.