Brandywine Global Investment Management LLC Sells 25,780 Shares of Johnson Controls International plc (NYSE:JCI)

Brandywine Global Investment Management LLC cut its stake in Johnson Controls International plc (NYSE:JCI) by 7.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 326,887 shares of the company’s stock after selling 25,780 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Johnson Controls International were worth $25,801,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of JCI. Compass Financial Services Inc purchased a new position in Johnson Controls International during the fourth quarter worth about $26,000. SBI Securities Co. Ltd. purchased a new position in shares of Johnson Controls International in the 4th quarter worth approximately $29,000. Synergy Asset Management LLC bought a new position in shares of Johnson Controls International in the fourth quarter valued at approximately $42,000. Crowley Wealth Management Inc. purchased a new stake in shares of Johnson Controls International during the fourth quarter valued at approximately $42,000. Finally, ST Germain D J Co. Inc. increased its position in shares of Johnson Controls International by 32.8% during the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock valued at $43,000 after acquiring an additional 134 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades

JCI has been the subject of a number of recent analyst reports. Citigroup reduced their price objective on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. Melius downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price objective for the company. in a report on Tuesday, January 28th. Barclays dropped their target price on shares of Johnson Controls International from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Monday, March 10th. Wells Fargo & Company raised 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 note on Thursday, February 6th. Finally, Melius Research reiterated a “hold” rating and issued a $95.00 price objective on shares of Johnson Controls International in a research note on Tuesday, January 28th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.27.

Johnson Controls International Stock Down 3.1 %

Shares of NYSE JCI 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 company has a market cap of $52.57 billion, a P/E ratio of 30.40, a P/E/G ratio of 1.96 and a beta of 1.32. Johnson Controls International plc has a 52 week low of $59.83 and a 52 week high of $91.14. The business has a 50-day simple moving average of $82.95 and a two-hundred day simple moving average of $80.64.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. Research analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal 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 given 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 dividend yield of 1.86%. Johnson Controls International’s dividend payout ratio (DPR) is presently 56.49%.

Insider Activity at Johnson Controls International

In other Johnson Controls International 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 completion of the sale, the vice president now directly owns 148,346 shares in the company, valued at $11,339,568.24. The trade was a 0.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO George Oliver sold 205,168 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $88.03, for a total transaction of $18,060,939.04. Following the completion of the transaction, the chief executive officer now directly owns 1,260,527 shares in the company, valued at $110,964,191.81. The trade was a 14.00 % 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 valued at $77,824,710. Company insiders own 0.54% of the company’s stock.

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.