Johnson Controls International plc (NYSE:JCI) Shares Sold by Jennison Associates LLC

Jennison Associates LLC decreased its holdings in Johnson Controls International plc (NYSE:JCI - Free Report) by 16.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 639,118 shares of the company's stock after selling 124,253 shares during the quarter. Jennison Associates LLC owned about 0.10% of Johnson Controls International worth $51,200,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JCI. Strategic Blueprint LLC boosted its position in shares of Johnson Controls International by 4.3% during the 1st quarter. Strategic Blueprint LLC now owns 2,980 shares of the company's stock valued at $239,000 after acquiring an additional 123 shares in the last quarter. SeaCrest Wealth Management LLC increased its stake in shares of Johnson Controls International by 2.7% during the 1st quarter. SeaCrest Wealth Management LLC now owns 5,060 shares of the company's stock worth $405,000 after purchasing an additional 135 shares during the last quarter. Abacus Planning Group Inc. raised its position in shares of Johnson Controls International by 5.2% in the first quarter. Abacus Planning Group Inc. now owns 2,714 shares of the company's stock valued at $217,000 after purchasing an additional 135 shares during the period. HighPoint Advisor Group LLC increased its position in Johnson Controls International by 1.8% during the fourth quarter. HighPoint Advisor Group LLC now owns 8,852 shares of the company's stock worth $699,000 after acquiring an additional 154 shares during the period. Finally, Cornerstone Planning Group LLC boosted its stake in shares of Johnson Controls International by 74.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 363 shares of the company's stock valued at $28,000 after purchasing an additional 155 shares in the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, CFO Marc Vandiepenbeeck sold 28,289 shares of Johnson Controls International stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $90.92, for a total value of $2,572,035.88. Following the sale, the chief financial officer directly owned 147,673 shares in the company, valued at approximately $13,426,429.16. The trade was a 16.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director George Oliver sold 100,000 shares of the business's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $91.70, for a total transaction of $9,170,000.00. Following the completion of the sale, the director owned 904,305 shares in the company, valued at approximately $82,924,768.50. This trade represents a 9.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 147,555 shares of company stock worth $13,705,106 over the last ninety days. Corporate insiders own 0.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on JCI shares. Citigroup restated a "neutral" rating and set a $110.00 price target (up previously from $94.00) on shares of Johnson Controls International in a report on Monday, July 14th. Deutsche Bank Aktiengesellschaft upgraded Johnson Controls International from a "hold" rating to a "buy" rating and boosted their price objective for the company from $101.00 to $112.00 in a report on Monday, May 12th. Royal Bank Of Canada raised their price target on Johnson Controls International from $82.00 to $98.00 and gave the company a "sector perform" rating in a report on Thursday, May 8th. Barclays raised their price target on Johnson Controls International from $90.00 to $100.00 and gave the company an "equal weight" rating in a report on Wednesday, July 9th. Finally, UBS Group reaffirmed a "buy" rating and issued a $116.00 price objective (up from $103.00) on shares of Johnson Controls International in a research note on Thursday, May 22nd. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $103.18.

Johnson Controls International Stock Down 0.4%

Shares of JCI stock traded down $0.46 on Tuesday, reaching $107.82. 2,360,130 shares of the company were exchanged, compared to its average volume of 4,332,542. The company has a market cap of $70.95 billion, a price-to-earnings ratio of 28.71, a PEG ratio of 2.00 and a beta of 1.31. The company has a 50-day moving average of $102.65 and a 200-day moving average of $89.02. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.81. Johnson Controls International plc has a one year low of $64.31 and a one year high of $109.40.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its 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 net margin of 10.19% and a return on equity of 15.13%. The firm had revenue of $5.68 billion for the quarter, compared to analysts' expectations of $5.64 billion. During the same quarter last year, the firm earned $0.78 EPS. The company's quarterly revenue was up 1.4% compared to the same quarter last year. Analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International announced that its board has approved a stock buyback plan on Friday, June 13th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to buy up to 13.4% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board believes its shares are undervalued.

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Monday, June 23rd were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Monday, June 23rd. Johnson Controls International's dividend payout ratio is currently 39.47%.

Johnson Controls International Company 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.