Wellington Management Group LLP Sells 2,952,833 Shares of Johnson Controls International plc (NYSE:JCI)

Wellington Management Group LLP reduced its stake in Johnson Controls International plc (NYSE:JCI) by 13.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,099,320 shares of the company’s stock after selling 2,952,833 shares during the period. Wellington Management Group LLP’s holdings in Johnson Controls International were worth $1,507,509,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. O Shaughnessy Asset Management LLC increased its holdings in shares of Johnson Controls International by 17.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 73,658 shares of the company’s stock worth $5,814,000 after purchasing an additional 10,879 shares during the last quarter. CIBC Private Wealth Group LLC increased its stake in Johnson Controls International by 18.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 73,226 shares of the company’s stock worth $5,861,000 after acquiring an additional 11,147 shares during the last quarter. Summit Securities Group LLC bought a new stake in Johnson Controls International in the 4th quarter worth approximately $300,000. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Johnson Controls International by 4.5% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,128,506 shares of the company’s stock worth $562,653,000 after acquiring an additional 305,185 shares in the last quarter. Finally, Allianz SE bought a new position in shares of Johnson Controls International during the 4th quarter valued at approximately $621,000. 90.05% of the stock is currently owned by institutional investors.

Johnson Controls International Stock Performance

Shares of Johnson Controls International stock opened at $79.64 on Monday. 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 stock’s fifty day moving average is $82.95 and its two-hundred day moving average is $80.64. Johnson Controls International plc has a 52 week low of $59.83 and a 52 week high of $91.14. The company 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.

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

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 24th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Monday, March 24th. This represents a $1.48 annualized dividend and a yield of 1.86%. Johnson Controls International’s dividend payout ratio (DPR) is currently 56.49%.

Wall Street Analyst Weigh In

JCI has been the topic of several research reports. Wells Fargo & Company boosted their price target on shares of Johnson Controls International from $92.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Melius cut 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 research report on Tuesday, January 28th. Morgan Stanley lifted their price target on Johnson Controls International from $95.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Citigroup decreased their price objective 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. Finally, Argus raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research note on Friday, December 20th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $91.27.

Insider Activity

In related news, VP Nathan D. Manning sold 1,421 shares of Johnson Controls International stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $76.44, for a total transaction of $108,621.24. Following the transaction, the vice president now directly owns 148,346 shares of the company’s stock, valued at $11,339,568.24. This trade represents a 0.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO George Oliver sold 205,168 shares of the company’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $88.03, for a total value of $18,060,939.04. Following the sale, the chief executive officer now owns 1,260,527 shares of the company’s stock, valued at approximately $110,964,191.81. This represents a 14.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 905,864 shares of company stock worth $77,824,710. Company insiders own 0.54% of the company’s stock.

Johnson Controls International Company 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.