Johnson Controls International plc (NYSE:JCI) Shares Sold by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board decreased its position in shares of Johnson Controls International plc (NYSE:JCI) by 3.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 31,813 shares of the company’s stock after selling 1,100 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Johnson Controls International were worth $2,511,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Park Avenue Securities LLC boosted its holdings in shares of Johnson Controls International by 101.5% during the fourth quarter. Park Avenue Securities LLC now owns 26,517 shares of the company’s stock valued at $2,093,000 after acquiring an additional 13,360 shares during the period. Certuity LLC acquired a new stake in Johnson Controls International in the fourth quarter worth about $243,000. Y Intercept Hong Kong Ltd lifted its holdings in Johnson Controls International by 136.8% in the third quarter. Y Intercept Hong Kong Ltd now owns 91,248 shares of the company’s stock worth $7,082,000 after purchasing an additional 52,719 shares during the period. Geode Capital Management LLC lifted its holdings in Johnson Controls International by 0.5% in the third quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company’s stock worth $1,041,822,000 after purchasing an additional 71,493 shares during the period. Finally, BNC Wealth Management LLC acquired a new stake in Johnson Controls International in the fourth quarter worth about $2,093,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Analyst Ratings Changes

JCI has been the subject of several research analyst reports. Citigroup reduced their price objective on shares of Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Melius Research reaffirmed a “hold” rating and issued a $95.00 price objective on shares of Johnson Controls International in a report on Tuesday, January 28th. Argus raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a report on Friday, December 20th. Wells Fargo & Company upped their price objective on shares of Johnson Controls International from $92.00 to $98.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, Melius downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price target for the company. in a report on Tuesday, January 28th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Johnson Controls International presently has an average rating of “Moderate Buy” and an average price target of $91.13.

Johnson Controls International Price Performance

Shares of JCI opened at $89.83 on Friday. The company has a market capitalization of $59.30 billion, a price-to-earnings ratio of 34.28, a P/E/G ratio of 2.48 and a beta of 1.32. Johnson Controls International plc has a fifty-two week low of $56.28 and a fifty-two week high of $89.95. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.79. The business’s 50-day moving average is $81.50 and its 200-day moving average is $77.68.

Johnson Controls International (NYSE:JCI) last issued its earnings results 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 return on equity of 15.11% and a net margin of 6.83%. Equities research analysts expect that Johnson Controls International plc will post 3.52 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, December 23rd were paid a $0.37 dividend. The ex-dividend date was Monday, December 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.65%. Johnson Controls International’s payout ratio is 56.49%.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 1,950 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the vice president now owns 24,803 shares of the company’s stock, valued at $2,175,967.19. This represents a 7.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO George Oliver sold 224,152 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 1,166,992 shares of the company’s stock, valued at $96,533,578.24. The trade was a 16.11 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,113,772 shares of company stock valued at $95,772,462. 0.54% of the stock is owned by corporate insiders.

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.