Aviva PLC Trims Stock Holdings in Johnson Controls International plc (NYSE:JCI)

Aviva PLC lessened its position in shares of Johnson Controls International plc (NYSE:JCI) by 9.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 706,616 shares of the company’s stock after selling 70,451 shares during the quarter. Aviva PLC owned 0.11% of Johnson Controls International worth $55,773,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in Johnson Controls International in the fourth quarter valued at approximately $568,309,000. Norges Bank purchased a new stake in shares of Johnson Controls International in the 4th quarter valued at $560,549,000. Amundi boosted its holdings in shares of Johnson Controls International by 76.7% in the 4th 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 during the last quarter. Franklin Resources Inc. increased its stake in shares of Johnson Controls International by 6.0% in the fourth quarter. Franklin Resources Inc. now owns 23,344,374 shares of the company’s stock worth $1,842,571,000 after acquiring an additional 1,325,500 shares during the period. Finally, ANTIPODES PARTNERS Ltd raised its holdings in shares of Johnson Controls International by 391,951.9% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 1,215,361 shares of the company’s stock worth $95,936,000 after purchasing an additional 1,215,051 shares during the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on JCI. UBS Group raised Johnson Controls International from a “neutral” rating to a “buy” rating and increased their price target for the stock from $90.00 to $103.00 in a research report on Monday, February 10th. Wells Fargo & Company raised their target price on Johnson Controls International from $92.00 to $98.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Citigroup reduced their price target on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a research report on Monday, January 13th. Melius Research restated a “hold” rating and issued a $95.00 price objective on shares of Johnson Controls International in a research report on Tuesday, January 28th. Finally, Barclays decreased their target price on shares of Johnson Controls International from $88.00 to $85.00 and set an “equal weight” rating for the company in a research note on Monday, March 10th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $91.27.

Johnson Controls International Stock Down 7.0 %

Shares of NYSE JCI opened at $71.84 on Friday. Johnson Controls International plc has a 52-week low of $59.83 and a 52-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. The company’s 50-day simple moving average is $82.63 and its 200-day simple moving average is $80.81. The firm has a market cap of $47.42 billion, a price-to-earnings ratio of 27.42, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. Equities analysts predict that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 24th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a yield of 2.06%. Johnson Controls International’s payout ratio is currently 56.49%.

Insiders Place Their Bets

In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 1,950 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $87.73, for a total value of $171,073.50. Following the transaction, the vice president now directly owns 24,803 shares of the company’s stock, valued at $2,175,967.19. This trade represents a 7.29 % 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 1,421 shares of the business’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 value of $108,621.24. Following the transaction, the vice president now owns 148,346 shares in the company, valued at approximately $11,339,568.24. This represents a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 907,286 shares of company stock valued at $77,938,071 in the last 90 days. 0.54% of the stock is owned by insiders.

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.