Kentucky Retirement Systems Sells 4,229 Shares of Johnson Controls International plc (NYSE:JCI)

Kentucky Retirement Systems lowered its stake in shares of Johnson Controls International plc (NYSE:JCI) by 8.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 46,537 shares of the company’s stock after selling 4,229 shares during the period. Kentucky Retirement Systems’ holdings in Johnson Controls International were worth $3,612,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. CIBC Asset Management Inc lifted its position in Johnson Controls International by 6.8% during the third quarter. CIBC Asset Management Inc now owns 117,328 shares of the company’s stock valued at $9,106,000 after purchasing an additional 7,433 shares during the period. OneDigital Investment Advisors LLC grew its position in Johnson Controls International by 5.9% during the third quarter. OneDigital Investment Advisors LLC now owns 6,964 shares of the company’s stock valued at $540,000 after buying an additional 390 shares during the period. Oak Harbor Wealth Partners LLC increased its holdings in Johnson Controls International by 3.2% during the third quarter. Oak Harbor Wealth Partners LLC now owns 17,773 shares of the company’s stock valued at $1,379,000 after buying an additional 546 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in Johnson Controls International by 7.4% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 18,595 shares of the company’s stock worth $1,443,000 after acquiring an additional 1,282 shares during the period. Finally, Black Swift Group LLC purchased a new position in shares of Johnson Controls International during the 3rd quarter worth $970,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Performance

Shares of NYSE JCI opened at $84.40 on Friday. The company has a market cap of $56.38 billion, a P/E ratio of 33.23, a P/E/G ratio of 2.36 and a beta of 1.29. Johnson Controls International plc has a 52-week low of $51.40 and a 52-week high of $87.16. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94. The firm’s fifty day moving average is $76.84 and its two-hundred day moving average is $71.69.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Wednesday, September 25th were given a $0.37 dividend. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.75%. Johnson Controls International’s dividend payout ratio is currently 58.27%.

Insider Activity at Johnson Controls International

In other news, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $72.75, for a total transaction of $84,899.25. Following the completion of the transaction, the chief operating officer now directly owns 143,488 shares in the company, valued at approximately $10,438,752. This represents a 0.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO George Oliver sold 110,615 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $76.79, for a total transaction of $8,494,125.85. Following the completion of the sale, the chief executive officer now owns 1,243,751 shares in the company, valued at $95,507,639.29. This represents a 8.17 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 226,141 shares of company stock valued at $16,904,519. Insiders own 0.69% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on JCI. Royal Bank of Canada upped their price objective on Johnson Controls International from $81.00 to $86.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 7th. Morgan Stanley assumed coverage on Johnson Controls International in a research report on Friday, September 6th. They issued an “overweight” rating and a $85.00 price target for the company. Wells Fargo & Company raised their price objective on Johnson Controls International from $84.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. UBS Group assumed coverage on Johnson Controls International in a research note on Wednesday. They set a “neutral” rating and a $90.00 price objective for the company. Finally, Mizuho increased their target price on shares of Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Twelve research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $77.21.

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.