Johnson Controls International plc (NYSE:JCI) Shares Sold by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury cut its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 16.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 239,154 shares of the company’s stock after selling 45,405 shares during the quarter. State of Tennessee Department of Treasury’s holdings in Johnson Controls International were worth $18,876,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its holdings in shares of Johnson Controls International by 172.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 44,737 shares of the company’s stock worth $3,531,000 after purchasing an additional 28,339 shares during the last quarter. MML Investors Services LLC boosted its stake in Johnson Controls International by 57.6% during the fourth quarter. MML Investors Services LLC now owns 135,161 shares of the company’s stock worth $10,668,000 after buying an additional 49,378 shares during the last quarter. MetLife Investment Management LLC boosted its stake in Johnson Controls International by 1.8% during the fourth quarter. MetLife Investment Management LLC now owns 176,799 shares of the company’s stock worth $13,955,000 after buying an additional 3,111 shares during the last quarter. Ossiam purchased a new stake in Johnson Controls International in the 4th quarter valued at $140,000. Finally, Norinchukin Bank The increased its stake in shares of Johnson Controls International by 9.1% in the 4th quarter. Norinchukin Bank The now owns 29,960 shares of the company’s stock worth $2,365,000 after acquiring an additional 2,490 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades

JCI has been the subject of a number of analyst reports. Wells Fargo & Company upped their price objective on shares of Johnson Controls International from $92.00 to $98.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Royal Bank of Canada increased their price target on shares of Johnson Controls International from $86.00 to $93.00 and gave the company a “sector perform” rating in a research note on Thursday, February 6th. Citigroup cut their price target on shares of Johnson Controls International from $95.00 to $85.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Barclays decreased their price objective on Johnson Controls International from $88.00 to $85.00 and set an “equal weight” rating on the stock in a report on Monday, March 10th. Finally, Morgan Stanley raised their target price on Johnson Controls International from $95.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $90.07.

Insider Activity

In other news, CEO George Oliver sold 205,168 shares of Johnson Controls International stock in a transaction on Friday, February 7th. The shares were sold at an average price of $88.03, for a total transaction of $18,060,939.04. Following the completion of the sale, the chief executive officer now directly owns 1,260,527 shares of the company’s stock, valued at approximately $110,964,191.81. The trade was a 14.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Daniel C. Mcconeghy sold 1,950 shares of the business’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $87.73, for a total transaction of $171,073.50. Following the transaction, the vice president now owns 24,803 shares of the company’s stock, valued at approximately $2,175,967.19. The trade was a 7.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 907,286 shares of company stock worth $77,938,071. 0.54% of the stock is currently owned by company insiders.

Johnson Controls International Trading Up 2.8 %

NYSE JCI opened at $76.57 on Wednesday. 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 firm has a market cap of $50.55 billion, a price-to-earnings ratio of 29.23, a PEG ratio of 1.96 and a beta of 1.22. The firm has a 50 day simple moving average of $80.75 and a 200-day simple moving average of $80.81. Johnson Controls International plc has a one year low of $59.83 and a one year high of $91.14.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 EPS 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%. Equities research analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

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

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.