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

Price T Rowe Associates Inc. MD cut its stake in shares of Johnson Controls International plc (NYSE:JCI) by 6.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Raymond James Financial Inc. bought a new position in shares of Johnson Controls International during the 4th quarter worth about $568,309,000. Norges Bank bought a new position in Johnson Controls International in the fourth quarter worth approximately $560,549,000. Invesco Ltd. grew its stake in Johnson Controls International by 13.2% in the fourth quarter. Invesco Ltd. now owns 18,407,597 shares of the company’s stock valued at $1,452,912,000 after acquiring an additional 2,150,573 shares during the period. Amundi increased 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 valued at $309,422,000 after acquiring an additional 1,680,431 shares in the last quarter. Finally, Franklin Resources Inc. increased 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 valued at $1,842,571,000 after acquiring an additional 1,325,500 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

JCI has been the subject of a number of recent research reports. Citigroup decreased their price target on shares of Johnson Controls International from $95.00 to $85.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. UBS Group raised shares of Johnson Controls International from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $90.00 to $103.00 in a research report on Monday, February 10th. Barclays dropped their price target on shares of 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. Melius Research reissued a “hold” rating and set a $95.00 price objective on shares of Johnson Controls International in a report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. dropped their target price on Johnson Controls International from $100.00 to $81.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Johnson Controls International has an average rating of “Moderate Buy” and an average target price of $90.07.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, VP Nathan D. Manning sold 1,421 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $76.44, for a total transaction of $108,621.24. Following the sale, the vice president now directly owns 148,346 shares of the company’s stock, valued at $11,339,568.24. This represents a 0.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Daniel C. Mcconeghy sold 1,950 shares of Johnson Controls International stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $87.73, for a total transaction of $171,073.50. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 907,286 shares of company stock worth $77,938,071 over the last ninety days. 0.54% of the stock is currently owned by company insiders.

Johnson Controls International Trading Up 1.0 %

Shares of Johnson Controls International stock opened at $81.20 on Friday. The firm has a market cap of $53.60 billion, a PE ratio of 30.99, a P/E/G ratio of 1.96 and a beta of 1.22. Johnson Controls International plc has a 1 year low of $59.83 and a 1 year high of $91.14. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86. The stock has a fifty day moving average price of $80.14 and a 200-day moving average price of $80.88.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 anticipate that Johnson Controls International plc will post 3.64 EPS for the current 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 issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.82%. The ex-dividend date was Monday, March 24th. 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.