Robeco Institutional Asset Management B.V. trimmed its holdings in Johnson Controls International plc (NYSE:JCI - Free Report) by 6.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 229,233 shares of the company's stock after selling 15,056 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Johnson Controls International were worth $18,093,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the business. Fortitude Family Office LLC raised its position in shares of Johnson Controls International by 195.8% during the 3rd quarter. Fortitude Family Office LLC now owns 420 shares of the company's stock valued at $33,000 after acquiring an additional 278 shares in the last quarter. Wolff Wiese Magana LLC raised its position in shares of Johnson Controls International by 977.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 474 shares of the company's stock valued at $37,000 after acquiring an additional 430 shares in the last quarter. ST Germain D J Co. Inc. raised its position in shares of Johnson Controls International by 32.8% during the 4th quarter. ST Germain D J Co. Inc. now owns 543 shares of the company's stock valued at $43,000 after acquiring an additional 134 shares in the last quarter. Western Pacific Wealth Management LP acquired a new stake in shares of Johnson Controls International during the 3rd quarter valued at approximately $44,000. Finally, Friedenthal Financial acquired a new stake in shares of Johnson Controls International during the 4th quarter valued at approximately $49,000. 90.05% of the stock is owned by institutional investors and hedge funds.
In related news, CEO George Oliver sold 124,497 shares of the firm's stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $82.67, for a total transaction of $10,292,166.99. Following the completion of the transaction, the chief executive officer now owns 1,267,716 shares of the company's stock, valued at $104,802,081.72. This trade represents a 8.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Marlon Sullivan sold 7,230 shares of the firm's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total value of $602,620.50. Following the transaction, the executive vice president now directly owns 32,246 shares of the company's stock, valued at $2,687,704.10. This represents a 18.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 647,787 shares of company stock valued at $53,972,452 over the last 90 days. 0.54% of the stock is currently owned by corporate insiders.
JCI has been the topic of several research reports. Argus raised Johnson Controls International from a "hold" rating to a "buy" rating and set a $88.00 price target on the stock in a research report on Friday, December 20th. Wells Fargo & Company dropped their price target on Johnson Controls International from $95.00 to $92.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 7th. Mizuho increased their target price on Johnson Controls International from $62.00 to $75.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. Oppenheimer increased their target price on Johnson Controls International from $86.00 to $87.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Finally, Citigroup dropped their target price on Johnson Controls International from $85.00 to $84.00 and set a "neutral" rating on the stock in a research report on Monday, January 13th. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Johnson Controls International has a consensus rating of "Hold" and an average target price of $87.20.
Get Our Latest Report on JCI
NYSE:JCI opened at $78.00 on Friday. Johnson Controls International plc has a 1 year low of $52.02 and a 1 year high of $87.16. The stock has a market cap of $51.49 billion, a price-to-earnings ratio of 30.71, a PEG ratio of 2.19 and a beta of 1.32. The business has a fifty day moving average of $81.08 and a 200-day moving average of $76.45. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94.
The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, December 23rd were paid a dividend of $0.37 per share. The ex-dividend date was Monday, December 23rd. This represents a $1.48 annualized dividend and a yield of 1.90%. Johnson Controls International's dividend payout ratio is currently 58.27%.
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.
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