Corebridge Financial Inc. Lowers Stock Position in Johnson Controls International plc (NYSE:JCI)

Corebridge Financial Inc. trimmed its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 4.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 153,529 shares of the company’s stock after selling 7,358 shares during the period. Corebridge Financial Inc.’s holdings in Johnson Controls International were worth $12,118,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of JCI. Compass Financial Services Inc purchased a new position in Johnson Controls International in the fourth quarter worth $26,000. SBI Securities Co. Ltd. purchased a new position in shares of Johnson Controls International in the 4th quarter valued at about $29,000. Synergy Asset Management LLC acquired a new stake in shares of Johnson Controls International in the fourth quarter valued at about $42,000. Crowley Wealth Management Inc. purchased a new stake in Johnson Controls International during the fourth quarter worth about $42,000. Finally, ST Germain D J Co. Inc. grew its position in 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 worth $43,000 after buying an additional 134 shares during the period. 90.05% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, Director George Oliver sold 15,669 shares of Johnson Controls International stock in a transaction on Friday, March 14th. The shares were sold at an average price of $77.49, for a total value of $1,214,190.81. Following the transaction, the director now owns 1,003,893 shares in the company, valued at $77,791,668.57. This trade represents a 1.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Nathan D. Manning sold 1,421 shares of the business’s stock in a transaction 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 sale, the vice president now directly owns 148,346 shares of the company’s stock, valued at $11,339,568.24. This represents a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 905,864 shares of company stock worth $77,824,710 in the last 90 days. 0.54% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

JCI has been the subject of a number of research reports. UBS Group upgraded shares of Johnson Controls International from a “neutral” rating to a “buy” rating and lifted their price target for the company from $90.00 to $103.00 in a research report on Monday, February 10th. Wells Fargo & Company lifted their price objective on Johnson Controls International from $92.00 to $98.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Citigroup lowered their target price on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. Royal Bank of Canada raised their price target on Johnson Controls International from $86.00 to $93.00 and gave the company a “sector perform” rating in a research report on Thursday, February 6th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Johnson Controls International from $87.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $91.27.

Johnson Controls International Stock Performance

Shares of JCI opened at $84.27 on Wednesday. Johnson Controls International plc has a 1 year low of $59.83 and a 1 year high of $91.14. The company’s 50 day simple moving average is $82.88 and its 200 day simple moving average is $80.40. The company has a market capitalization of $55.63 billion, a price-to-earnings ratio of 32.16, a PEG ratio of 1.96 and a beta of 1.32. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. On average, sell-side analysts predict that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 24th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Monday, March 24th. Johnson Controls International’s payout ratio is 56.49%.

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.