California Public Employees Retirement System Sells 54,904 Shares of Johnson Controls International plc (NYSE:JCI)

California Public Employees Retirement System lessened its holdings in Johnson Controls International plc (NYSE:JCI - Free Report) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,407,496 shares of the company's stock after selling 54,904 shares during the period. California Public Employees Retirement System owned about 0.21% of Johnson Controls International worth $111,094,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of JCI. Townsquare Capital LLC lifted its stake in Johnson Controls International by 29.9% in the 3rd quarter. Townsquare Capital LLC now owns 14,101 shares of the company's stock valued at $1,094,000 after purchasing an additional 3,247 shares during the last quarter. CreativeOne Wealth LLC bought a new position in shares of Johnson Controls International in the 3rd quarter valued at $328,000. Public Sector Pension Investment Board boosted its holdings in shares of Johnson Controls International by 14.1% during the 3rd quarter. Public Sector Pension Investment Board now owns 28,321 shares of the company's stock valued at $2,198,000 after acquiring an additional 3,500 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Johnson Controls International during the 3rd quarter valued at $3,641,000. Finally, Kestra Investment Management LLC bought a new stake in Johnson Controls International during the 3rd quarter worth $488,000. Institutional investors and hedge funds own 90.05% of the company's stock.

Insiders Place Their Bets

In other news, VP Nathan D. Manning sold 1,421 shares of the stock in a transaction that occurred 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 transaction, the vice president now owns 148,346 shares of the company's stock, valued at approximately $11,339,568.24. This represents a 0.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director George Oliver sold 15,669 shares of Johnson Controls International stock in a transaction that occurred 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 sale, the director now owns 1,003,893 shares in the company, valued at $77,791,668.57. This represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 907,286 shares of company stock worth $77,938,071 over the last three months. Company insiders own 0.54% of the company's stock.

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Johnson Controls International Price Performance

Shares of Johnson Controls International stock traded down $5.66 during trading on Thursday, hitting $77.20. The stock had a trading volume of 5,782,522 shares, compared to its average volume of 4,410,533. Johnson Controls International plc has a 12 month low of $59.83 and a 12 month high of $91.14. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. The firm has a market cap of $50.96 billion, a price-to-earnings ratio of 29.47, a P/E/G ratio of 1.96 and a beta of 1.32. The business's 50-day moving average is $82.92 and its 200 day moving average is $80.78.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its 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%. As a group, sell-side analysts anticipate 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 declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors 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 1.92%. The ex-dividend date of this dividend is Monday, March 24th. Johnson Controls International's payout ratio is currently 56.49%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on JCI. Melius lowered Johnson Controls International from a "buy" rating to a "hold" rating and set a $95.00 price target on the stock. in a research note on Tuesday, January 28th. JPMorgan Chase & Co. lifted their target price 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. Citigroup decreased their price target on shares of Johnson Controls International from $85.00 to $84.00 and set a "neutral" rating for the company in a research report on Monday, January 13th. UBS Group upgraded shares of Johnson Controls International from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $90.00 to $103.00 in a report on Monday, February 10th. Finally, Morgan Stanley increased their price objective on Johnson Controls International from $95.00 to $105.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Johnson Controls International currently has a consensus rating of "Moderate Buy" and an average price target of $91.27.

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.