Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 49,100 Shares of Johnson Controls International plc (NYSE:JCI)

Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its stake in shares of Johnson Controls International plc (NYSE:JCI) by 26.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 136,738 shares of the company’s stock after selling 49,100 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Johnson Controls International were worth $10,793,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Compass Financial Services Inc bought a new stake in Johnson Controls International during the fourth quarter worth about $26,000. Fortitude Family Office LLC raised its position in shares of 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 bought a new stake in shares of Johnson Controls International during the 4th quarter worth approximately $42,000. ST Germain D J Co. Inc. boosted its position in shares of Johnson Controls International by 32.8% during the 4th quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock worth $43,000 after acquiring an additional 134 shares in the last quarter. Finally, Western Pacific Wealth Management LP bought a new position in Johnson Controls International in the third quarter valued at approximately $44,000. 90.05% of the stock is owned by institutional investors and hedge funds.

Johnson Controls International Stock Down 4.1 %

Shares of NYSE JCI opened at $85.23 on Monday. The company’s 50 day moving average price is $82.06 and its 200-day moving average price is $78.56. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02. Johnson Controls International plc has a 52-week low of $57.78 and a 52-week high of $91.14. The company has a market capitalization of $56.26 billion, a P/E ratio of 32.53, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32.

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 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 analysts forecast that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, December 23rd were issued a $0.37 dividend. The ex-dividend date was Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.74%. Johnson Controls International’s payout ratio is currently 56.49%.

Insider Buying and Selling at Johnson Controls International

In other news, CEO George Oliver sold 124,497 shares of Johnson Controls International stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $82.67, for a total value of $10,292,166.99. Following the completion of the sale, the chief executive officer now owns 1,267,716 shares in the company, valued at $104,802,081.72. The trade was a 8.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Marlon Sullivan sold 7,230 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total transaction of $602,620.50. Following the completion of the sale, the executive vice president now owns 32,246 shares of the company’s stock, valued at $2,687,704.10. The trade was a 18.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 708,700 shares of company stock valued at $62,083,088. 0.54% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Wells Fargo & Company raised their target price on Johnson Controls International from $92.00 to $98.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Morgan Stanley upped their price objective on Johnson Controls International from $95.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Robert W. Baird lifted their target price on Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Barclays increased their target price on shares of Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Finally, Royal Bank of Canada lifted 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 report on Thursday, February 6th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $91.13.

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.