Price T Rowe Associates Inc. MD Sells 130,333 Shares of Johnson Controls International plc (NYSE:JCI)

Price T Rowe Associates Inc. MD lessened its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 6.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,879,646 shares of the company's stock after selling 130,333 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.28% of Johnson Controls International worth $148,362,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Hsbc Holdings PLC lifted its position in shares of Johnson Controls International by 104.6% in the fourth quarter. Hsbc Holdings PLC now owns 655,719 shares of the company's stock worth $51,840,000 after purchasing an additional 335,235 shares in the last quarter. OneDigital Investment Advisors LLC lifted its position in Johnson Controls International by 16.8% during the 4th quarter. OneDigital Investment Advisors LLC now owns 8,134 shares of the company's stock worth $642,000 after buying an additional 1,170 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of Johnson Controls International by 12.5% during the 4th quarter. Stifel Financial Corp now owns 377,747 shares of the company's stock worth $29,816,000 after buying an additional 42,012 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Johnson Controls International by 172.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 44,737 shares of the company's stock valued at $3,531,000 after acquiring an additional 28,339 shares in the last quarter. Finally, MML Investors Services LLC increased its position in shares of Johnson Controls International by 57.6% in the fourth quarter. MML Investors Services LLC now owns 135,161 shares of the company's stock valued at $10,668,000 after acquiring an additional 49,378 shares during the last quarter. Institutional investors own 90.05% of the company's stock.

Johnson Controls International Price Performance

Shares of JCI traded up $1.90 during trading hours on Friday, hitting $89.15. 2,005,036 shares of the company were exchanged, compared to its average volume of 4,392,001. The company has a market cap of $58.85 billion, a price-to-earnings ratio of 34.05, a P/E/G ratio of 1.96 and a beta of 1.22. The firm's fifty day moving average is $79.87 and its 200 day moving average is $81.03. Johnson Controls International plc has a fifty-two week low of $60.04 and a fifty-two week high of $91.14. 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 released its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. On average, equities analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 24th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.66%. The ex-dividend date was Monday, March 24th. Johnson Controls International's payout ratio is currently 56.49%.

Insider Transactions at Johnson Controls International

In related news, Director George Oliver sold 15,669 shares of the company's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $77.49, for a total value of $1,214,190.81. Following the sale, the director now directly owns 1,003,893 shares in the company, valued at $77,791,668.57. This represents a 1.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Nathan D. Manning sold 1,421 shares of the firm'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 transaction of $108,621.24. Following the transaction, the vice president now owns 148,346 shares of the company's stock, valued at approximately $11,339,568.24. The trade was a 0.95 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 907,286 shares of company stock worth $77,938,071. Company insiders own 0.54% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on JCI shares. Morgan Stanley raised their price target on Johnson Controls International from $95.00 to $105.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Melius downgraded shares of Johnson Controls International from a "buy" rating to a "hold" rating and set a $95.00 target price on the stock. in a report on Tuesday, January 28th. Royal Bank of Canada lifted their price objective on shares of Johnson Controls International from $86.00 to $93.00 and gave the company a "sector perform" rating in a research report on Thursday, February 6th. UBS Group upgraded shares of Johnson Controls International from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $90.00 to $103.00 in a research note on Monday, February 10th. 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 report on Monday, March 10th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $90.07.

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.