Louisiana State Employees Retirement System Sells 1,700 Shares of Johnson Controls International plc (NYSE:JCI)

Louisiana State Employees Retirement System trimmed its stake in Johnson Controls International plc (NYSE:JCI) by 4.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,900 shares of the company’s stock after selling 1,700 shares during the period. Louisiana State Employees Retirement System’s holdings in Johnson Controls International were worth $2,834,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in JCI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Johnson Controls International by 514.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company’s stock worth $418,439,000 after acquiring an additional 4,514,792 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of Johnson Controls International by 3.4% in the 3rd quarter. Fisher Asset Management LLC now owns 15,295,506 shares of the company’s stock worth $1,187,084,000 after acquiring an additional 509,293 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Johnson Controls International in the 4th quarter worth $32,609,000. Worldquant Millennium Advisors LLC bought a new position in shares of Johnson Controls International in the 3rd quarter worth $25,065,000. Finally, State Street Corp raised its position in shares of Johnson Controls International by 1.1% in the 3rd quarter. State Street Corp now owns 27,939,766 shares of the company’s stock worth $2,178,595,000 after acquiring an additional 300,712 shares in the last quarter. 90.05% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

JCI has been the topic of several recent analyst reports. Mizuho upped their target price on Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. UBS Group raised Johnson Controls International from a “neutral” rating to a “buy” rating and upped their target price for the company from $90.00 to $103.00 in a research report on Monday. Melius Research reaffirmed a “hold” rating and set a $95.00 target price on shares of Johnson Controls International in a research report on Tuesday, January 28th. Royal Bank of Canada upped their target price on Johnson Controls International from $86.00 to $93.00 and gave the company a “sector perform” rating in a research report on Thursday, February 6th. Finally, Barclays upped their target price on Johnson Controls International from $75.00 to $83.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $91.13.

Insider Transactions at Johnson Controls International

In related news, CEO George Oliver sold 224,152 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $82.72, for a total value of $18,541,853.44. Following the completion of the transaction, the chief executive officer now owns 1,166,992 shares of the company’s stock, valued at approximately $96,533,578.24. This represents a 16.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Daniel C. Mcconeghy sold 1,950 shares of the company’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $87.73, for a total value of $171,073.50. Following the completion of the transaction, the vice president now directly owns 24,803 shares of the company’s stock, valued at $2,175,967.19. The trade was a 7.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 950,878 shares of company stock worth $81,229,286 over the last quarter. 0.54% of the stock is currently owned by insiders.

Johnson Controls International Stock Down 0.6 %

Shares of JCI opened at $88.52 on Friday. Johnson Controls International plc has a 52 week low of $55.07 and a 52 week high of $89.95. The company has a quick ratio of 0.79, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $58.44 billion, a price-to-earnings ratio of 33.79, a PEG ratio of 2.48 and a beta of 1.32. The stock’s 50-day moving average price is $81.29 and its 200-day moving average price is $77.47.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. On average, sell-side analysts predict that Johnson Controls International plc will post 3.52 EPS for the current year.

Johnson Controls International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were paid a $0.37 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.67%. Johnson Controls International’s payout ratio is 56.49%.

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.