Truist Financial Corp Sells 1,196 Shares of Johnson Controls International plc (NYSE:JCI)

Truist Financial Corp reduced its stake in Johnson Controls International plc (NYSE:JCI) by 0.5% in the 4th quarter, HoldingsChannel reports. The firm owned 228,828 shares of the company’s stock after selling 1,196 shares during the quarter. Truist Financial Corp’s holdings in Johnson Controls International were worth $18,061,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JCI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Johnson Controls International by 514.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company’s stock valued at $418,439,000 after purchasing an additional 4,514,792 shares in the last quarter. Fisher Asset Management LLC increased its stake in Johnson Controls International by 3.4% in the third quarter. Fisher Asset Management LLC now owns 15,295,506 shares of the company’s stock valued at $1,187,084,000 after purchasing an additional 509,293 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in Johnson Controls International in the fourth quarter valued at $32,609,000. Worldquant Millennium Advisors LLC bought a new stake in Johnson Controls International in the third quarter valued at $25,065,000. Finally, State Street Corp increased its stake in Johnson Controls International by 1.1% in the third quarter. State Street Corp now owns 27,939,766 shares of the company’s stock valued at $2,178,595,000 after purchasing an additional 300,712 shares in the last quarter. 90.05% of the stock is owned by institutional investors.

Insider Buying and Selling at Johnson Controls International

In other news, VP Nathan D. Manning sold 1,421 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $76.44, for a total value of $108,621.24. Following the sale, the vice president now owns 148,346 shares of the company’s stock, valued at $11,339,568.24. The trade was a 0.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO George Oliver sold 162,894 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $89.28, for a total transaction of $14,543,176.32. Following the completion of the sale, the chief executive officer now directly owns 1,203,893 shares in the company, valued at approximately $107,483,567.04. This trade represents a 11.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 889,434 shares of company stock worth $77,215,058 over the last three months. 0.54% of the stock is currently owned by insiders.

Johnson Controls International Stock Down 0.3 %

JCI opened at $90.36 on Thursday. 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 stock has a market cap of $59.65 billion, a price-to-earnings ratio of 34.49, a PEG ratio of 1.98 and a beta of 1.32. Johnson Controls International plc has a twelve month low of $56.28 and a twelve month high of $91.14. The company’s 50-day moving average price is $81.90 and its two-hundred day moving average price is $78.18.

Johnson Controls International (NYSE:JCI) last released its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. As a group, equities analysts expect that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, December 23rd were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date was Monday, December 23rd. Johnson Controls International’s payout ratio is 56.49%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on JCI shares. Robert W. Baird lifted their price objective on shares of Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Citigroup reduced 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 report on Monday, January 13th. Argus upgraded shares of 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. StockNews.com cut shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Wells Fargo & Company lifted their price objective on shares of Johnson Controls International from $92.00 to $98.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Johnson Controls International presently has a consensus rating of “Moderate Buy” and an average price target of $91.13.

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.