New York State Teachers Retirement System decreased its stake in Johnson Controls International plc (NYSE:JCI - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 501,555 shares of the company's stock after selling 14,033 shares during the period. New York State Teachers Retirement System owned 0.08% of Johnson Controls International worth $39,588,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Johnson Controls International by 514.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company's stock worth $418,439,000 after purchasing an additional 4,514,792 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in Johnson Controls International by 3.4% in the 3rd quarter. Fisher Asset Management LLC now owns 15,295,506 shares of the company's stock worth $1,187,084,000 after buying an additional 509,293 shares during the period. Janney Montgomery Scott LLC bought a new stake in Johnson Controls International in the fourth quarter valued at $32,609,000. Worldquant Millennium Advisors LLC bought a new stake in shares of Johnson Controls International during the 3rd quarter valued at about $25,065,000. Finally, State Street Corp grew its holdings in shares of Johnson Controls International by 1.1% during the 3rd quarter. State Street Corp now owns 27,939,766 shares of the company's stock worth $2,178,595,000 after acquiring an additional 300,712 shares during the period. Hedge funds and other institutional investors own 90.05% of the company's stock.
Insider Buying and Selling
In related news, VP Nathan D. Manning sold 1,421 shares of the stock in a transaction dated 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 owns 148,346 shares in the company, valued at $11,339,568.24. This represents a 0.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Daniel C. Mcconeghy sold 1,950 shares of the firm's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $87.73, for a total value of $171,073.50. Following the completion of the sale, the vice president now owns 24,803 shares in the company, valued at $2,175,967.19. The trade was a 7.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 889,434 shares of company stock valued at $77,215,058. Company insiders own 0.54% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have commented on JCI. Robert W. Baird boosted their target price on Johnson Controls International from $80.00 to $85.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. JPMorgan Chase & Co. boosted their price target on Johnson Controls International from $87.00 to $100.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Oppenheimer raised their price objective on shares of Johnson Controls International from $86.00 to $87.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Argus upgraded Johnson Controls International from a "hold" rating to a "buy" rating and set a $88.00 price target for the company in a research note on Friday, December 20th. Finally, Melius lowered Johnson Controls International from a "buy" rating to a "hold" rating and set a $95.00 price objective for the company. in a research report on Tuesday, January 28th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Johnson Controls International currently has an average rating of "Moderate Buy" and an average target price of $91.13.
View Our Latest Stock Analysis on Johnson Controls International
Johnson Controls International Stock Performance
NYSE:JCI traded down $0.25 during mid-day trading on Wednesday, reaching $90.36. The stock had a trading volume of 2,118,492 shares, compared to its average volume of 4,529,750. 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 plc has a twelve month low of $56.28 and a twelve month high of $91.14. The firm has a market capitalization of $59.65 billion, a price-to-earnings ratio of 34.49, a PEG ratio of 1.98 and a beta of 1.32. The business has a 50 day simple moving average of $81.78 and a 200 day simple moving average of $78.09.
Johnson Controls International (NYSE:JCI - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping 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, analysts expect that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.
Johnson Controls International Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, December 23rd were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.64%. Johnson Controls International's dividend payout ratio (DPR) is 56.49%.
About Johnson Controls International
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Free Report)
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.
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