Johnson Controls International plc (NYSE:JCI) Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC trimmed its stake in shares of Johnson Controls International plc (NYSE:JCI) by 1.6% in the 4th quarter, HoldingsChannel reports. The firm owned 5,519,909 shares of the company’s stock after selling 89,821 shares during the period. Clearbridge Investments LLC’s holdings in Johnson Controls International were worth $435,686,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Compass Financial Services Inc acquired a new stake in Johnson Controls International in the fourth quarter valued at approximately $26,000. SBI Securities Co. Ltd. purchased a new stake in shares of Johnson Controls International during the 4th quarter worth $29,000. Crowley Wealth Management Inc. acquired a new position in shares of Johnson Controls International during the fourth quarter worth $42,000. Synergy Asset Management LLC purchased a new position in Johnson Controls International in the fourth quarter valued at $42,000. Finally, ST Germain D J Co. Inc. lifted its holdings in 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 worth $43,000 after buying an additional 134 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Wall Street Analysts Forecast Growth

JCI has been the topic of several research analyst reports. Barclays cut their target price 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. UBS Group raised shares of Johnson Controls International from a “neutral” rating to a “buy” rating and increased their target price for the company from $90.00 to $103.00 in a research report on Monday, February 10th. JPMorgan Chase & Co. boosted their price target on shares of Johnson Controls International from $87.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Argus raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a report on Friday, December 20th. Finally, Melius downgraded Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 target price for the company. in a report on Tuesday, January 28th. Eight 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 company has a consensus rating of “Moderate Buy” and a consensus price target of $91.27.

Insiders Place Their Bets

In related news, VP Daniel C. Mcconeghy sold 1,950 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $87.73, for a total value of $171,073.50. Following the completion of 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 at this hyperlink. Also, VP Nathan D. Manning sold 1,421 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $76.44, for a total value of $108,621.24. Following the completion of the sale, the vice president now directly owns 148,346 shares in the company, valued at $11,339,568.24. This trade represents a 0.95 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 905,864 shares of company stock worth $77,824,710. 0.54% of the stock is owned by corporate insiders.

Johnson Controls International Stock Down 3.1 %

JCI stock opened at $79.64 on Friday. The stock has a market capitalization of $52.57 billion, a PE ratio of 30.40, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32. The company has a fifty day moving average of $82.95 and a 200-day moving average of $80.57. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02. Johnson Controls International plc has a one year low of $59.83 and a one year high of $91.14.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, beating 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%. As a group, analysts expect that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 24th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date is Monday, March 24th. Johnson Controls International’s dividend payout ratio is presently 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.