Franklin Resources Inc. Has $1.74 Billion Holdings in Johnson Controls International plc (NYSE:JCI)

Franklin Resources Inc. lessened its holdings in Johnson Controls International plc (NYSE:JCI) by 2.8% during the third quarter, HoldingsChannel.com reports. The fund owned 22,018,874 shares of the company’s stock after selling 640,702 shares during the period. Franklin Resources Inc.’s holdings in Johnson Controls International were worth $1,741,450,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its position in Johnson Controls International by 9.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 51,878 shares of the company’s stock worth $3,448,000 after purchasing an additional 4,601 shares in the last quarter. Triad Wealth Partners LLC bought a new stake in shares of Johnson Controls International during the second quarter worth $89,000. Blue Trust Inc. increased its holdings in shares of Johnson Controls International by 111.8% during the second quarter. Blue Trust Inc. now owns 9,139 shares of the company’s stock worth $597,000 after buying an additional 4,825 shares in the last quarter. Oak Harbor Wealth Partners LLC lifted its stake in shares of Johnson Controls International by 6.5% in the 2nd quarter. Oak Harbor Wealth Partners LLC now owns 17,227 shares of the company’s stock valued at $1,145,000 after acquiring an additional 1,048 shares during the last quarter. Finally, Saxon Interests Inc. boosted its holdings in shares of Johnson Controls International by 4.9% during the 2nd quarter. Saxon Interests Inc. now owns 8,283 shares of the company’s stock valued at $551,000 after acquiring an additional 385 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Johnson Controls International Stock Down 0.8 %

Shares of NYSE:JCI opened at $83.33 on Friday. Johnson Controls International plc has a 1 year low of $51.70 and a 1 year high of $87.16. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.79. The business’s 50-day moving average is $80.46 and its 200-day moving average is $73.82. The company has a market capitalization of $55.18 billion, a price-to-earnings ratio of 32.81, a P/E/G ratio of 2.35 and a beta of 1.31.

Johnson Controls International Dividend Announcement

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

Insiders Place Their Bets

In other 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 transaction of $602,620.50. Following the transaction, the executive vice president now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Nathan D. Manning sold 3,000 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total transaction of $231,240.00. Following the transaction, the chief operating officer now directly owns 140,488 shares in the company, valued at $10,828,815.04. This trade represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 872,389 shares of company stock worth $70,763,920. Corporate insiders own 0.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on JCI shares. Wells Fargo & Company boosted their price objective on Johnson Controls International from $84.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Morgan Stanley assumed coverage on Johnson Controls International in a research note on Friday, September 6th. They issued an “overweight” rating and a $85.00 price objective for the company. Oppenheimer lifted their target price on shares of Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. UBS Group initiated coverage on shares of Johnson Controls International in a report on Wednesday, November 13th. They set a “neutral” rating and a $90.00 target price on the stock. Finally, Royal Bank of Canada raised their price target on shares of Johnson Controls International from $81.00 to $86.00 and gave the company a “sector perform” rating in a research note on Thursday, November 7th. Twelve equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $78.57.

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.