KBC Group NV Sells 9,361 Shares of Johnson Controls International plc (NYSE:JCI)

KBC Group NV decreased its stake in Johnson Controls International plc (NYSE:JCI) by 6.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 146,572 shares of the company’s stock after selling 9,361 shares during the quarter. KBC Group NV’s holdings in Johnson Controls International were worth $11,569,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Creative Planning boosted its stake in Johnson Controls International by 14.5% during the 2nd quarter. Creative Planning now owns 66,219 shares of the company’s stock worth $4,402,000 after acquiring an additional 8,364 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of Johnson Controls International by 17.6% in the 2nd quarter. NewEdge Advisors LLC now owns 67,490 shares of the company’s stock valued at $4,486,000 after buying an additional 10,093 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of Johnson Controls International by 8.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 41,322 shares of the company’s stock valued at $2,747,000 after buying an additional 3,176 shares in the last quarter. Quarry LP raised its stake in Johnson Controls International by 183.5% during the 2nd quarter. Quarry LP now owns 927 shares of the company’s stock worth $62,000 after buying an additional 600 shares during the period. Finally, B. Riley Wealth Advisors Inc. lifted its holdings in Johnson Controls International by 30.1% during the second quarter. B. Riley Wealth Advisors Inc. now owns 18,491 shares of the company’s stock worth $1,236,000 after acquiring an additional 4,281 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Performance

Shares of NYSE JCI opened at $76.37 on Thursday. Johnson Controls International plc has a 12 month low of $52.02 and a 12 month high of $87.16. The stock has a 50 day moving average of $81.34 and a 200-day moving average of $76.44. 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 company has a market capitalization of $50.41 billion, a P/E ratio of 30.06, a P/E/G ratio of 2.35 and a beta of 1.32.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, December 23rd were given a dividend of $0.37 per share. The ex-dividend date was Monday, December 23rd. This represents a $1.48 annualized dividend and a yield of 1.94%. Johnson Controls International’s dividend payout ratio (DPR) is presently 58.27%.

Insider Activity

In related news, EVP Marlon Sullivan sold 7,230 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were 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 approximately $2,687,704.10. This represents a 18.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO George Oliver sold 110,616 shares of Johnson Controls International stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $84.60, for a total transaction of $9,358,113.60. Following the completion of the sale, the chief executive officer now owns 1,244,617 shares of the company’s stock, valued at $105,294,598.20. This trade represents a 8.16 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 647,787 shares of company stock valued at $53,972,452. 0.69% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on JCI. Oppenheimer raised their price target on Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. StockNews.com cut shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Melius Research restated a “hold” rating and set a $95.00 price objective on shares of Johnson Controls International in a report on Tuesday. JPMorgan Chase & Co. reduced their target price on shares of Johnson Controls International from $88.00 to $87.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. Finally, UBS Group started coverage on Johnson Controls International in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 price target on the stock. Eleven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $84.00.

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.