State of Tennessee Department of Treasury Cuts Stock Position in Johnson Controls International plc (NYSE:JCI)

State of Tennessee Department of Treasury decreased its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 16.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 239,154 shares of the company's stock after selling 45,405 shares during the period. State of Tennessee Department of Treasury's holdings in Johnson Controls International were worth $18,876,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of JCI. Compass Financial Services Inc acquired a new stake in shares of Johnson Controls International in the 4th quarter worth $26,000. SBI Securities Co. Ltd. purchased a new stake in Johnson Controls International in the fourth quarter valued at about $29,000. Synergy Asset Management LLC acquired a new stake in Johnson Controls International in the fourth quarter worth about $42,000. Crowley Wealth Management Inc. purchased a new stake in shares of Johnson Controls International during the fourth quarter worth about $42,000. Finally, ST Germain D J Co. Inc. increased its holdings in shares of Johnson Controls International by 32.8% during the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company's stock valued at $43,000 after acquiring an additional 134 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Controls International Price Performance

NYSE:JCI opened at $76.57 on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86. The company has a 50 day moving average price of $80.75 and a 200-day moving average price of $80.81. Johnson Controls International plc has a 1-year low of $59.83 and a 1-year high of $91.14. The firm has a market cap of $50.55 billion, a price-to-earnings ratio of 29.23, a price-to-earnings-growth ratio of 1.96 and a beta of 1.22.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, beating 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%. Equities research analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 24th were given a dividend of $0.37 per share. The ex-dividend date was Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a yield of 1.93%. Johnson Controls International's dividend payout ratio is currently 56.49%.

Analyst Ratings Changes

A number of research firms recently commented on JCI. Barclays lowered their target price on shares of Johnson Controls International from $88.00 to $85.00 and set an "equal weight" rating for the company in a research note on Monday, March 10th. Melius lowered shares of Johnson Controls International from a "buy" rating to a "hold" rating and set a $95.00 price objective on the stock. in a report on Tuesday, January 28th. Melius Research reissued a "hold" rating and issued a $95.00 target price on shares of Johnson Controls International in a research report on Tuesday, January 28th. Royal Bank of Canada lifted their price target on Johnson Controls International from $86.00 to $93.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 6th. Finally, JPMorgan Chase & Co. cut their price objective on Johnson Controls International from $100.00 to $81.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Johnson Controls International currently has an average rating of "Moderate Buy" and an average price target of $90.07.

Insider Buying and Selling at Johnson Controls International

In other news, VP Nathan D. Manning sold 1,421 shares of Johnson Controls International stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $76.44, for a total value 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 trade represents a 0.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director George Oliver sold 15,669 shares of the company's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $77.49, for a total transaction of $1,214,190.81. Following the transaction, the director now owns 1,003,893 shares of the company's stock, valued at approximately $77,791,668.57. This trade represents a 1.54 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 907,286 shares of company stock valued at $77,938,071. Company insiders own 0.54% of the company's stock.

About Johnson Controls International

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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