Franklin Resources Inc. Sells 640,702 Shares of Johnson Controls International plc (NYSE:JCI)

Franklin Resources Inc. lessened its position in shares of Johnson Controls International plc (NYSE:JCI) by 2.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,018,874 shares of the company’s stock after selling 640,702 shares during the period. Franklin Resources Inc. owned about 3.33% of Johnson Controls International worth $1,741,450,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Metis Global Partners LLC grew its holdings in shares of Johnson Controls International by 0.4% during the third quarter. Metis Global Partners LLC now owns 28,446 shares of the company’s stock worth $2,208,000 after buying an additional 127 shares in the last quarter. Brooklyn Investment Group boosted its position in Johnson Controls International by 3.5% during the 3rd quarter. Brooklyn Investment Group now owns 4,309 shares of the company’s stock worth $334,000 after acquiring an additional 144 shares during the last quarter. Summit Trail Advisors LLC grew its stake in shares of Johnson Controls International by 4.6% during the 2nd quarter. Summit Trail Advisors LLC now owns 3,715 shares of the company’s stock worth $248,000 after acquiring an additional 163 shares in the last quarter. Miracle Mile Advisors LLC raised its holdings in shares of Johnson Controls International by 1.0% in the third quarter. Miracle Mile Advisors LLC now owns 17,011 shares of the company’s stock valued at $1,320,000 after purchasing an additional 163 shares during the last quarter. Finally, Berry Wealth Group LP lifted its position in shares of Johnson Controls International by 0.7% in the third quarter. Berry Wealth Group LP now owns 25,978 shares of the company’s stock worth $2,016,000 after purchasing an additional 177 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Price Performance

Shares of Johnson Controls International stock opened at $83.33 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $55.18 billion, a price-to-earnings ratio of 32.81, a price-to-earnings-growth ratio of 2.35 and a beta of 1.31. Johnson Controls International plc has a twelve month low of $51.70 and a twelve month high of $87.16. The company has a 50-day simple moving average of $80.46 and a two-hundred day simple moving average of $73.82.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Monday, December 23rd will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.78%. The ex-dividend date is Monday, December 23rd. Johnson Controls International’s dividend payout ratio (DPR) is currently 58.27%.

Insider Buying and Selling

In related news, CEO George Oliver sold 110,615 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the completion of the sale, the chief executive officer now owns 1,243,751 shares of the company’s stock, valued at $90,383,385.17. This represents a 8.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Marlon Sullivan sold 7,230 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total transaction of $602,620.50. Following the sale, the executive vice president now owns 32,246 shares in the company, valued at $2,687,704.10. The trade was a 18.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 872,389 shares of company stock valued at $70,763,920 over the last 90 days. 0.69% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on JCI. Wells Fargo & Company raised their target price on shares of Johnson Controls International from $84.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Barclays lifted their target price on Johnson Controls International from $75.00 to $83.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. UBS Group initiated coverage on Johnson Controls International in a research report on Wednesday, November 13th. They set a “neutral” rating and a $90.00 price target for the company. StockNews.com lowered Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Oppenheimer increased their price objective on Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Twelve analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $78.57.

About Johnson Controls International

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.