Principal Financial Group Inc. Lowers Position in Johnson Controls International plc (NYSE:JCI)

Principal Financial Group Inc. trimmed its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 9.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 752,515 shares of the company's stock after selling 79,938 shares during the quarter. Principal Financial Group Inc. owned 0.11% of Johnson Controls International worth $58,403,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. grew its position in shares of Johnson Controls International by 12.8% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 20,857 shares of the company's stock worth $1,615,000 after buying an additional 2,366 shares during the last quarter. Inspire Trust Co. N.A. lifted its stake in Johnson Controls International by 34.8% in the third quarter. Inspire Trust Co. N.A. now owns 62,000 shares of the company's stock worth $4,812,000 after acquiring an additional 16,000 shares during the period. Peapack Gladstone Financial Corp boosted its holdings in Johnson Controls International by 8.6% in the third quarter. Peapack Gladstone Financial Corp now owns 9,669 shares of the company's stock valued at $751,000 after acquiring an additional 763 shares in the last quarter. Wilmington Savings Fund Society FSB raised its holdings in Johnson Controls International by 27.6% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 223,989 shares of the company's stock worth $17,384,000 after purchasing an additional 48,416 shares in the last quarter. Finally, Sfmg LLC purchased a new stake in shares of Johnson Controls International in the 3rd quarter worth about $210,000. 90.05% of the stock is currently owned by institutional investors.

Insider Activity

In other news, COO Nathan D. Manning sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $77.08, for a total transaction of $231,240.00. Following the completion of the transaction, the chief operating officer now directly owns 140,488 shares of the company's stock, valued at $10,828,815.04. The trade was a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Marlon Sullivan sold 7,230 shares of the stock in a transaction that occurred on 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 trade represents a 18.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 761,774 shares of company stock valued at $62,726,419 over the last ninety days. 0.69% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Royal Bank of Canada boosted 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 report on Thursday, November 7th. Morgan Stanley started coverage on Johnson Controls International in a report on Friday, September 6th. They set an "overweight" rating and a $85.00 target price on the stock. Oppenheimer raised their target price on Johnson Controls International from $86.00 to $87.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Bank of America lifted their price target on Johnson Controls International from $80.00 to $95.00 and gave the company a "buy" rating in a research report on Friday, September 27th. Finally, Mizuho increased their price objective on Johnson Controls International from $62.00 to $75.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $80.93.

Johnson Controls International Stock Down 0.4 %

Shares of JCI traded down $0.33 on Monday, hitting $80.31. 4,021,039 shares of the stock traded hands, compared to its average volume of 4,795,351. Johnson Controls International plc has a one year low of $51.71 and a one year high of $87.16. The company has a market capitalization of $53.18 billion, a PE ratio of 31.62, a P/E/G ratio of 2.31 and a beta of 1.31. The business has a 50 day simple moving average of $81.00 and a 200 day simple moving average of $74.23. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94.

Johnson Controls International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders 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 1.84%. The ex-dividend date is Monday, December 23rd. Johnson Controls International's dividend payout ratio is currently 58.27%.

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.