Principal Financial Group Inc. Reduces Holdings in Johnson Controls International plc (NYSE:JCI)

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

A number of other large investors have also modified their holdings of JCI. Capital World Investors lifted its stake in shares of Johnson Controls International by 85.5% during the first quarter. Capital World Investors now owns 14,142,736 shares of the company's stock worth $923,804,000 after purchasing an additional 6,520,580 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Johnson Controls International by 8.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,855,075 shares of the company's stock worth $389,214,000 after purchasing an additional 479,548 shares during the last quarter. Raymond James & Associates increased its holdings in Johnson Controls International by 5.6% in the 3rd quarter. Raymond James & Associates now owns 4,735,147 shares of the company's stock valued at $367,495,000 after buying an additional 249,405 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in Johnson Controls International by 686.4% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,445,418 shares of the company's stock valued at $295,487,000 after buying an additional 3,880,146 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Johnson Controls International by 2.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,401,984 shares of the company's stock worth $159,660,000 after buying an additional 59,274 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company's stock.

Johnson Controls International Trading Up 3.3 %

Shares of Johnson Controls International stock traded up $2.71 during trading on Friday, reaching $84.62. 4,392,978 shares of the company were exchanged, compared to its average volume of 3,558,225. The business has a 50-day moving average price of $75.32 and a 200-day moving average price of $70.98. The firm has a market capitalization of $56.53 billion, a price-to-earnings ratio of 33.31, a P/E/G ratio of 2.46 and a beta of 1.29. The company has a quick ratio of 0.73, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. Johnson Controls International plc has a twelve month low of $50.00 and a twelve month high of $84.79.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend was Wednesday, September 25th. Johnson Controls International's payout ratio is currently 58.27%.

Insiders Place Their Bets

In other Johnson Controls International news, CEO George Oliver sold 110,615 shares of the company's stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $76.79, for a total transaction of $8,494,125.85. Following the completion of the transaction, the chief executive officer now directly owns 1,243,751 shares in the company, valued at approximately $95,507,639.29. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO George Oliver sold 110,615 shares of the firm's stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $76.79, for a total value of $8,494,125.85. Following the sale, the chief executive officer now directly owns 1,243,751 shares in the company, valued at $95,507,639.29. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Nathan D. Manning sold 1,167 shares of the company's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $72.75, for a total transaction of $84,899.25. Following the completion of the sale, the chief operating officer now directly owns 143,488 shares in the company, valued at approximately $10,438,752. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 226,141 shares of company stock valued at $16,904,519. 0.69% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on JCI. Mizuho boosted their price target on Johnson Controls International from $62.00 to $75.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. Bank of America upped their price target on Johnson Controls International from $80.00 to $95.00 and gave the stock a "buy" rating in a research note on Friday, September 27th. Wells Fargo & Company boosted their price objective on shares of Johnson Controls International from $84.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday. Oppenheimer increased their price target 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. Finally, The Goldman Sachs Group boosted their price objective on shares of Johnson Controls International from $73.00 to $81.00 and gave the stock a "buy" rating in a research report on Friday, August 2nd. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Johnson Controls International currently has a consensus rating of "Hold" and an average target price of $75.64.

Johnson Controls International 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.