Johnson Controls International plc (NYSE:JCI) Shares Sold by Man Group plc

Man Group plc lowered its holdings in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 10.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 166,159 shares of the company's stock after selling 20,408 shares during the quarter. Man Group plc's holdings in Johnson Controls International were worth $13,115,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of JCI. Compass Financial Services Inc acquired a new stake in Johnson Controls International in the 4th quarter valued at $26,000. SBI Securities Co. Ltd. purchased a new position in Johnson Controls International during the fourth quarter valued at $29,000. Synergy Asset Management LLC acquired a new stake in shares of Johnson Controls International in the fourth quarter valued at about $42,000. Crowley Wealth Management Inc. purchased a new stake in shares of Johnson Controls International during the fourth quarter worth about $42,000. Finally, Gables Capital Management Inc. increased its stake in shares of Johnson Controls International by 132.0% during the fourth quarter. Gables Capital Management Inc. now owns 580 shares of the company's stock worth $46,000 after purchasing an additional 330 shares in the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on JCI shares. Citigroup lowered their price objective on Johnson Controls International from $95.00 to $85.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Wells Fargo & Company lifted their price target on Johnson Controls International from $82.00 to $100.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. increased their price objective on Johnson Controls International from $81.00 to $98.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Barclays upped their target price on shares of Johnson Controls International from $85.00 to $90.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 14th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Johnson Controls International from a "hold" rating to a "buy" rating and raised their target price for the stock from $101.00 to $112.00 in a research note on Monday, May 12th. Eight investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, Johnson Controls International has a consensus rating of "Moderate Buy" and an average price target of $95.35.

Johnson Controls International Trading Down 0.5%

JCI stock traded down $0.48 during mid-day trading on Wednesday, hitting $97.17. 5,303,934 shares of the company were exchanged, compared to its average volume of 4,330,784. Johnson Controls International plc has a 12-month low of $64.31 and a 12-month high of $98.33. The firm has a market capitalization of $63.94 billion, a P/E ratio of 37.09, a PEG ratio of 1.96 and a beta of 1.28. The business has a fifty day simple moving average of $83.10 and a 200-day simple moving average of $82.59. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50.

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

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 24th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.52%. The ex-dividend date was Monday, March 24th. Johnson Controls International's payout ratio is 39.47%.

Insider Buying and Selling

In related news, Director George Oliver sold 100,000 shares of the business's stock in a transaction on 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 transaction, the director now directly owns 904,305 shares of the company's stock, valued at $82,924,768.50. The trade was a 9.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $79.72, for a total value of $113,361.84. Following the completion of the transaction, the vice president now owns 145,502 shares of the company's stock, valued at $11,599,419.44. The trade was a 0.97% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 460,396 shares of company stock valued at $38,645,569. Corporate insiders own 0.54% of the company's stock.

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.