Jennison Associates LLC Sells 24,593 Shares of Johnson Controls International plc (NYSE:JCI)

Jennison Associates LLC decreased its stake in shares of Johnson Controls International plc (NYSE:JCI) by 3.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 763,371 shares of the company’s stock after selling 24,593 shares during the period. Jennison Associates LLC owned 0.12% of Johnson Controls International worth $60,253,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fortitude Family Office LLC grew its position in shares of Johnson Controls International by 195.8% in the third quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock valued at $33,000 after purchasing an additional 278 shares during the last quarter. Wolff Wiese Magana LLC boosted its stake in Johnson Controls International by 977.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock valued at $37,000 after purchasing an additional 430 shares during the period. Synergy Asset Management LLC acquired a new position in Johnson Controls International in the 4th quarter valued at $42,000. ST Germain D J Co. Inc. increased its position 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 period. Finally, Western Pacific Wealth Management LP acquired a new stake in shares of Johnson Controls International during the third quarter worth $44,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on JCI. 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 report on Friday, December 20th. Citigroup cut their price objective on shares of 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 reiterated a “hold” rating and set a $95.00 price objective on shares of Johnson Controls International in a research note on Tuesday, January 28th. Mizuho boosted their target price on shares of Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Finally, Robert W. Baird increased their price target on shares of Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $87.20.

Insider Buying and Selling at Johnson Controls International

In related news, CEO George Oliver sold 110,616 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $84.60, for a total value of $9,358,113.60. Following the completion of the sale, the chief executive officer now directly owns 1,244,617 shares in the company, valued at $105,294,598.20. This represents a 8.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Marlon Sullivan sold 7,230 shares of Johnson Controls International stock in a transaction dated Wednesday, December 11th. The stock was 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 in the company, valued at $2,687,704.10. The trade was a 18.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 647,787 shares of company stock worth $53,972,452. 0.54% of the stock is currently owned by company insiders.

Johnson Controls International Stock Performance

Shares of JCI stock opened at $76.97 on Tuesday. The firm has a market capitalization of $50.81 billion, a price-to-earnings ratio of 30.30, a PEG ratio of 2.24 and a beta of 1.32. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. The business’s 50-day moving average price is $80.97 and its 200-day moving average price is $76.58. Johnson Controls International plc has a 12 month low of $52.79 and a 12 month high of $87.16.

Johnson Controls International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, December 23rd were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date was Monday, December 23rd. Johnson Controls International’s payout ratio is 58.27%.

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.