Franklin Resources Inc. Increases Stake in Johnson Controls International plc (NYSE:JCI)

Franklin Resources Inc. raised its stake in shares of Johnson Controls International plc (NYSE:JCIFree Report) by 1.9% in the 4th quarter, Holdings Channel reports. The firm owned 16,419,338 shares of the company’s stock after acquiring an additional 305,798 shares during the period. Franklin Resources Inc.’s holdings in Johnson Controls International were worth $946,411,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP increased its stake in Johnson Controls International by 27.0% in the 3rd quarter. Allworth Financial LP now owns 1,443 shares of the company’s stock worth $77,000 after acquiring an additional 307 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Johnson Controls International by 5.2% during the 3rd quarter. Daiwa Securities Group Inc. now owns 66,629 shares of the company’s stock valued at $3,545,000 after acquiring an additional 3,264 shares during the last quarter. California Public Employees Retirement System grew its holdings in shares of Johnson Controls International by 2.2% in the third quarter. California Public Employees Retirement System now owns 1,636,068 shares of the company’s stock valued at $87,055,000 after purchasing an additional 35,679 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its position in Johnson Controls International by 3.2% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 14,031 shares of the company’s stock worth $747,000 after purchasing an additional 437 shares during the last quarter. Finally, Dai ichi Life Insurance Company Ltd increased its position in Johnson Controls International by 25.6% in the third quarter. Dai ichi Life Insurance Company Ltd now owns 93,195 shares of the company’s stock worth $4,959,000 after purchasing an additional 19,000 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on JCI shares. Mizuho cut shares of Johnson Controls International from a “buy” rating to a “neutral” rating and set a $62.00 target price on the stock. in a research report on Friday, February 23rd. Oppenheimer cut their target price on Johnson Controls International from $71.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, May 2nd. UBS Group lowered shares of Johnson Controls International from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $74.00 to $68.00 in a research report on Monday, May 6th. Melius Research reissued a “hold” rating on shares of Johnson Controls International in a research note on Tuesday, January 30th. Finally, Royal Bank of Canada reduced their price target on Johnson Controls International from $50.00 to $48.00 and set an “underperform” rating on the stock in a report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Johnson Controls International presently has a consensus rating of “Hold” and an average target price of $63.00.

View Our Latest Stock Analysis on JCI

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 9,342 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $65.50, for a total value of $611,901.00. Following the completion of the transaction, the vice president now owns 25,378 shares of the company’s stock, valued at $1,662,259. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Johnson Controls International news, Director Juergen Tinggren sold 4,000 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $62.31, for a total value of $249,240.00. Following the sale, the director now directly owns 30,120 shares of the company’s stock, valued at $1,876,777.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Daniel C. Mcconeghy sold 9,342 shares of Johnson Controls International stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $65.50, for a total value of $611,901.00. Following the transaction, the vice president now owns 25,378 shares of the company’s stock, valued at approximately $1,662,259. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,272 shares of company stock worth $1,108,229. Insiders own 0.69% of the company’s stock.

Johnson Controls International Stock Up 2.3 %

Shares of NYSE JCI traded up $1.61 during mid-day trading on Monday, reaching $70.63. 13,183,372 shares of the company were exchanged, compared to its average volume of 5,710,672. Johnson Controls International plc has a 1 year low of $47.90 and a 1 year high of $72.99. The firm has a 50-day moving average of $64.54 and a 200 day moving average of $58.53. The stock has a market cap of $47.58 billion, a price-to-earnings ratio of 28.77, a P/E/G ratio of 1.78 and a beta of 1.23. The company has a quick ratio of 0.65, a current ratio of 0.87 and a debt-to-equity ratio of 0.44.

Johnson Controls International (NYSE:JCIGet Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.75 by $0.03. Johnson Controls International had a net margin of 6.32% and a return on equity of 13.21%. The firm had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.51 billion. During the same quarter in the previous year, the business posted $0.75 EPS. Johnson Controls International’s revenue was down 6.1% on a year-over-year basis. On average, research analysts expect that Johnson Controls International plc will post 3.59 earnings per share for the current year.

Johnson Controls International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Monday, March 25th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend was Friday, March 22nd. Johnson Controls International’s dividend payout ratio (DPR) is presently 59.92%.

Johnson Controls International Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding JCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Johnson Controls International plc (NYSE:JCIFree Report).

Institutional Ownership by Quarter for Johnson Controls International (NYSE:JCI)

Receive News & Ratings for Johnson Controls International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Johnson Controls International and related companies with MarketBeat.com's FREE daily email newsletter.