Retirement Systems of Alabama Cuts Stock Holdings in Johnson Controls International plc (NYSE:JCI)

Retirement Systems of Alabama lessened its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 10.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 538,166 shares of the company's stock after selling 62,300 shares during the quarter. Retirement Systems of Alabama owned approximately 0.08% of Johnson Controls International worth $41,767,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of JCI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Johnson Controls International by 514.9% during the 3rd 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 acquiring an additional 4,514,792 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Johnson Controls International by 686.4% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,445,418 shares of the company's stock worth $295,487,000 after purchasing an additional 3,880,146 shares during the last quarter. Ceredex Value Advisors LLC bought a new stake in shares of Johnson Controls International during the second quarter worth about $73,881,000. Point72 Asset Management L.P. increased its stake in shares of Johnson Controls International by 263.9% in the second quarter. Point72 Asset Management L.P. now owns 1,341,919 shares of the company's stock valued at $89,197,000 after buying an additional 973,145 shares during the period. Finally, Electron Capital Partners LLC raised its holdings in Johnson Controls International by 81.3% in the 2nd quarter. Electron Capital Partners LLC now owns 1,432,335 shares of the company's stock valued at $95,207,000 after buying an additional 642,315 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Controls International Stock Down 0.8 %

NYSE JCI traded down $0.70 on Friday, hitting $82.63. 2,354,216 shares of the company were exchanged, compared to its average volume of 4,800,241. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. The company has a market cap of $54.72 billion, a PE ratio of 32.53, a PEG ratio of 2.35 and a beta of 1.31. The stock has a fifty day moving average of $80.60 and a 200-day moving average of $73.88. Johnson Controls International plc has a 12 month low of $51.71 and a 12 month high of $87.16.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Monday, December 23rd will be given a dividend of $0.37 per share. The ex-dividend date is Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.79%. Johnson Controls International's dividend payout ratio (DPR) is presently 58.27%.

Wall Street Analysts Forecast Growth

JCI has been the subject of several recent research reports. Robert W. Baird upped their price target on shares of Johnson Controls International from $80.00 to $85.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Morgan Stanley assumed coverage on Johnson Controls International in a research report on Friday, September 6th. They set an "overweight" rating and a $85.00 target price for the company. UBS Group started coverage on Johnson Controls International in a research note on Wednesday, November 13th. They issued a "neutral" rating and a $90.00 price target for the company. Mizuho lifted their price objective 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. Finally, StockNews.com cut Johnson Controls International from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th. Eleven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $80.38.

Insider Activity

In other news, COO Nathan D. Manning sold 3,000 shares of Johnson Controls International stock in a transaction dated 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 in the company, valued at $10,828,815.04. This trade represents a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO George Oliver sold 110,615 shares of the company's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the completion of the sale, the chief executive officer now owns 1,243,751 shares in the company, valued at $90,383,385.17. This represents a 8.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 872,389 shares of company stock worth $70,763,920 in the last three months. Company insiders own 0.69% of the company's stock.

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.