Voya Financial Advisors Inc. Trims Holdings in Johnson Controls International plc (NYSE:JCI)

Voya Financial Advisors Inc. lowered its stake in shares of Johnson Controls International plc (NYSE:JCI) by 4.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 7,675 shares of the company’s stock after selling 372 shares during the quarter. Voya Financial Advisors Inc.’s holdings in Johnson Controls International were worth $607,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Johnson Controls International by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 68,156,110 shares of the company’s stock worth $5,379,562,000 after acquiring an additional 179,743 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Johnson Controls International by 6.0% during the fourth quarter. Franklin Resources Inc. now owns 23,344,374 shares of the company’s stock worth $1,842,571,000 after purchasing an additional 1,325,500 shares during the last quarter. Invesco Ltd. lifted its position in shares of Johnson Controls International by 13.2% during the fourth quarter. Invesco Ltd. now owns 18,407,597 shares of the company’s stock worth $1,452,912,000 after purchasing an additional 2,150,573 shares during the last quarter. Fisher Asset Management LLC grew its stake in Johnson Controls International by 2.9% in the fourth quarter. Fisher Asset Management LLC now owns 15,743,019 shares of the company’s stock worth $1,242,597,000 after purchasing an additional 447,513 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Johnson Controls International by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 13,818,777 shares of the company’s stock valued at $1,087,670,000 after buying an additional 343,517 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Price Performance

NYSE JCI opened at $81.20 on Friday. The company has a 50-day moving average price of $80.14 and a two-hundred day moving average price of $80.86. Johnson Controls International plc has a 52 week low of $59.83 and a 52 week high of $91.14. The stock has a market cap of $53.60 billion, a price-to-earnings ratio of 30.99, a price-to-earnings-growth ratio of 1.96 and a beta of 1.22. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. Analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 24th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend was Monday, March 24th. Johnson Controls International’s dividend payout ratio (DPR) is 56.49%.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, 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 of the company’s stock, valued at approximately $110,964,191.81. This trade represents a 14.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Nathan D. Manning sold 1,421 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $76.44, for a total value 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. This represents a 0.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 907,286 shares of company stock worth $77,938,071 over the last ninety days. 0.54% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have commented on the company. Melius Research reaffirmed a “hold” rating and set a $95.00 target price on shares of Johnson Controls International in a report on Tuesday, January 28th. Wells Fargo & Company raised their price objective on Johnson Controls International from $92.00 to $98.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. decreased their price objective on shares of Johnson Controls International from $100.00 to $81.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. UBS Group raised shares of Johnson Controls International from a “neutral” rating to a “buy” rating and increased their target price for the stock from $90.00 to $103.00 in a report on Monday, February 10th. Finally, Morgan Stanley lifted their price target on shares of Johnson Controls International from $95.00 to $105.00 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 issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $90.07.

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.