Johnson Controls International plc $JCI Stock Holdings Lessened by Geode Capital Management LLC

Geode Capital Management LLC reduced its holdings in Johnson Controls International plc (NYSE:JCI) by 4.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 13,803,741 shares of the company’s stock after selling 636,613 shares during the quarter. Geode Capital Management LLC’s holdings in Johnson Controls International were worth $1,645,270,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Fidelis Capital Partners LLC lifted its position in shares of Johnson Controls International by 6.3% in the 4th quarter. Fidelis Capital Partners LLC now owns 3,281 shares of the company’s stock worth $393,000 after buying an additional 194 shares during the last quarter. Knights of Columbus Asset Advisors LLC bought a new position in shares of Johnson Controls International in the 4th quarter worth about $613,000. King Luther Capital Management Corp lifted its position in shares of Johnson Controls International by 1.1% in the 4th quarter. King Luther Capital Management Corp now owns 19,449 shares of the company’s stock worth $2,329,000 after buying an additional 218 shares during the last quarter. Integrity Alliance LLC. lifted its position in shares of Johnson Controls International by 6.9% in the 4th quarter. Integrity Alliance LLC. now owns 10,082 shares of the company’s stock worth $1,207,000 after buying an additional 648 shares during the last quarter. Finally, Smithfield Trust Co increased its holdings in shares of Johnson Controls International by 4.6% in the 4th quarter. Smithfield Trust Co now owns 8,879 shares of the company’s stock worth $1,061,000 after acquiring an additional 393 shares during the period. 90.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on JCI. Wells Fargo & Company increased their price objective on shares of Johnson Controls International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. BNP Paribas Exane began coverage on shares of Johnson Controls International in a report on Tuesday, April 14th. They issued an “underperform” rating and a $120.00 price objective on the stock. Mizuho increased their price objective on shares of Johnson Controls International from $130.00 to $140.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Wall Street Zen raised shares of Johnson Controls International from a “hold” rating to a “buy” rating in a report on Sunday, May 3rd. Finally, Morgan Stanley increased their price objective on shares of Johnson Controls International from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, March 11th. Eleven research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $147.63.

Johnson Controls International Stock Down 1.5%

Johnson Controls International stock opened at $136.10 on Friday. The stock has a market cap of $83.04 billion, a price-to-earnings ratio of 24.35, a PEG ratio of 1.49 and a beta of 1.37. The company has a current ratio of 1.04, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64. The company’s 50-day moving average price is $138.21 and its two-hundred day moving average price is $128.89. Johnson Controls International plc has a 52 week low of $99.11 and a 52 week high of $147.32.

Johnson Controls International (NYSE:JCI) last released its earnings results on Tuesday, March 31st. The company reported $1.19 EPS for the quarter. The firm had revenue of $6.14 billion for the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. On average, analysts expect that Johnson Controls International plc will post 4.86 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Monday, March 16th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, March 16th. This represents a $1.60 annualized dividend and a yield of 1.2%. Johnson Controls International’s dividend payout ratio (DPR) is presently 28.62%.

Insider Buying and Selling

In other Johnson Controls International news, VP Lei Zhang Schlitz sold 88,809 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $140.99, for a total transaction of $12,521,180.91. Following the transaction, the vice president owned 57,059 shares of the company’s stock, valued at approximately $8,044,748.41. This trade represents a 60.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.29% of the company’s stock.

Johnson Controls International Profile

Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.

Johnson Controls’ product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.