State of New Jersey Common Pension Fund D Decreases Stock Holdings in Johnson Controls International plc (NYSE:JCI)

State of New Jersey Common Pension Fund D cut its stake in Johnson Controls International plc (NYSE:JCI - Free Report) by 1.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 242,883 shares of the company's stock after selling 3,863 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Johnson Controls International were worth $19,171,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JCI. Compass Financial Services Inc purchased a new position in Johnson Controls International in the 4th quarter valued at about $26,000. Fortitude Family Office LLC lifted its stake in Johnson Controls International by 195.8% in the 3rd quarter. Fortitude Family Office LLC now owns 420 shares of the company's stock valued at $33,000 after buying an additional 278 shares in the last quarter. Synergy Asset Management LLC purchased a new position in Johnson Controls International in the 4th quarter valued at about $42,000. ST Germain D J Co. Inc. lifted its stake in Johnson Controls International by 32.8% in the 4th quarter. ST Germain D J Co. Inc. now owns 543 shares of the company's stock valued at $43,000 after buying an additional 134 shares in the last quarter. Finally, Western Pacific Wealth Management LP purchased a new position in Johnson Controls International in the 3rd quarter valued at about $44,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Controls International Trading Down 4.1 %

Johnson Controls International stock traded down $3.60 during trading on Friday, hitting $85.23. The company had a trading volume of 4,748,476 shares, compared to its average volume of 4,509,988. Johnson Controls International plc has a 1-year low of $57.78 and a 1-year high of $91.14. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. The company's 50 day simple moving average is $82.06 and its 200-day simple moving average is $78.38. The stock has a market cap of $56.26 billion, a price-to-earnings ratio of 32.53, a price-to-earnings-growth ratio of 1.99 and a beta of 1.32.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. As a group, analysts expect that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

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 $0.37 dividend. The ex-dividend date was Monday, December 23rd. This represents a $1.48 annualized dividend and a yield of 1.74%. Johnson Controls International's dividend payout ratio is presently 56.49%.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, CEO George Oliver sold 10,304 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $84.14, for a total value of $866,978.56. Following the completion of the transaction, the chief executive officer now owns 1,166,992 shares of the company's stock, valued at $98,190,706.88. This trade represents a 0.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Nathan D. Manning sold 1,421 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $76.44, for a total transaction of $108,621.24. Following the completion of the transaction, the vice president now directly owns 148,346 shares of the company's stock, valued at $11,339,568.24. This represents a 0.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 719,004 shares of company stock valued at $62,950,067 in the last 90 days. Company insiders own 0.54% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on JCI shares. Argus raised shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $88.00 target price on the stock in a research note on Friday, December 20th. StockNews.com lowered shares of Johnson Controls International from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. Royal Bank of Canada raised their target price on shares of Johnson Controls International from $86.00 to $93.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 6th. 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. Finally, Morgan Stanley raised their price target on shares of Johnson Controls International from $95.00 to $105.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Eight research 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 a consensus rating of "Moderate Buy" and a consensus target price of $91.13.

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.