Johnson Controls International plc (NYSE:JCI) Shares Sold by Shelton Capital Management

Shelton Capital Management cut its holdings in Johnson Controls International plc (NYSE:JCI - Free Report) by 27.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,458 shares of the company's stock after selling 53,288 shares during the period. Shelton Capital Management's holdings in Johnson Controls International were worth $11,007,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Benjamin Edwards Inc. increased its stake in Johnson Controls International by 80.9% in the third quarter. Benjamin Edwards Inc. now owns 5,280 shares of the company's stock valued at $410,000 after purchasing an additional 2,362 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of Johnson Controls International by 4.0% in the 3rd quarter. Janus Henderson Group PLC now owns 124,366 shares of the company's stock valued at $9,651,000 after buying an additional 4,777 shares during the last quarter. IHT Wealth Management LLC acquired a new stake in Johnson Controls International during the 3rd quarter worth $239,000. Quantinno Capital Management LP lifted its position in Johnson Controls International by 50.8% in the third quarter. Quantinno Capital Management LP now owns 37,125 shares of the company's stock valued at $2,881,000 after acquiring an additional 12,512 shares during the last quarter. Finally, Stifel Financial Corp lifted its holdings in shares of Johnson Controls International by 1.0% in the 3rd quarter. Stifel Financial Corp now owns 335,735 shares of the company's stock valued at $26,057,000 after purchasing an additional 3,260 shares during the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of research analysts have commented on JCI shares. Argus upgraded shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $88.00 price objective on the stock in a research note on Friday, December 20th. Citigroup dropped their target price on Johnson Controls International from $85.00 to $84.00 and set a "neutral" rating on the stock in a report on Monday, January 13th. Barclays decreased their price target on Johnson Controls International from $88.00 to $85.00 and set an "equal weight" rating for the company in a report on Monday, March 10th. Melius Research reissued a "hold" rating and issued a $95.00 price objective on shares of Johnson Controls International in a research note on Tuesday, January 28th. Finally, Wells Fargo & Company raised their target price on shares of Johnson Controls International from $92.00 to $98.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Johnson Controls International presently has an average rating of "Moderate Buy" and an average target price of $90.00.

Johnson Controls International Price Performance

NYSE JCI traded up $1.45 during trading hours on Friday, reaching $77.68. The company's stock had a trading volume of 3,026,682 shares, compared to its average volume of 4,468,796. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02. The company's 50-day moving average is $82.34 and its two-hundred day moving average is $80.82. Johnson Controls International plc has a fifty-two week low of $59.83 and a fifty-two week high of $91.14. The stock has a market cap of $51.28 billion, a PE ratio of 29.65, a PEG ratio of 1.96 and a beta of 1.22.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. Analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 24th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a yield of 1.91%. Johnson Controls International's dividend payout ratio (DPR) is 56.49%.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 1,950 shares of Johnson Controls International 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 transaction, the vice president now owns 24,803 shares in the company, valued at $2,175,967.19. This trade represents a 7.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Nathan D. Manning sold 1,422 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $79.72, for a total transaction of $113,361.84. Following the sale, the vice president now directly owns 145,502 shares of the company's stock, valued at $11,599,419.44. This represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 907,286 shares of company stock worth $77,938,071 over the last ninety days. 0.54% of the stock is currently owned by corporate insiders.

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.