Kentucky Retirement Systems Insurance Trust Fund Has $1.47 Million Holdings in Johnson Controls International plc (NYSE:JCI)

Kentucky Retirement Systems Insurance Trust Fund trimmed its holdings in Johnson Controls International plc (NYSE:JCI) by 7.2% in the first quarter, Holdings Channel reports. The fund owned 22,490 shares of the company’s stock after selling 1,747 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Johnson Controls International were worth $1,469,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Pacer Advisors Inc. increased its stake in Johnson Controls International by 27.0% during the 4th quarter. Pacer Advisors Inc. now owns 59,634 shares of the company’s stock worth $3,437,000 after purchasing an additional 12,694 shares in the last quarter. Kingswood Wealth Advisors LLC raised its stake in shares of Johnson Controls International by 102.9% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 9,506 shares of the company’s stock valued at $548,000 after purchasing an additional 4,822 shares during the period. PFG Investments LLC lifted its holdings in shares of Johnson Controls International by 5.2% in the fourth quarter. PFG Investments LLC now owns 6,837 shares of the company’s stock valued at $394,000 after purchasing an additional 340 shares in the last quarter. Saxon Interests Inc. acquired a new position in shares of Johnson Controls International during the fourth quarter worth about $389,000. Finally, Navalign LLC lifted its stake in Johnson Controls International by 6.6% in the 4th quarter. Navalign LLC now owns 16,137 shares of the company’s stock valued at $930,000 after acquiring an additional 1,001 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group lifted their price objective on shares of Johnson Controls International from $66.00 to $73.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. UBS Group downgraded shares of Johnson Controls International from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $74.00 to $68.00 in a research note on Monday, May 6th. Robert W. Baird upped their target price on Johnson Controls International from $62.00 to $72.00 and gave the stock a “neutral” rating in a report on Monday, July 15th. Barclays dropped their price objective on Johnson Controls International from $62.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Finally, Oppenheimer raised their target price on shares of Johnson Controls International from $70.00 to $76.00 and gave the company an “outperform” rating in a research note on Thursday, June 27th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $65.23.

Johnson Controls International Stock Performance

Shares of NYSE JCI traded up $2.05 during mid-day trading on Friday, reaching $68.77. 4,794,459 shares of the company were exchanged, compared to its average volume of 3,728,913. The stock has a market capitalization of $46.33 billion, a P/E ratio of 27.84, a P/E/G ratio of 1.80 and a beta of 1.28. The company has a quick ratio of 0.65, a current ratio of 0.87 and a debt-to-equity ratio of 0.44. The company’s 50-day simple moving average is $69.57 and its 200-day simple moving average is $63.92. Johnson Controls International plc has a twelve month low of $47.90 and a twelve month high of $74.23.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.03. Johnson Controls International had a net margin of 6.32% and a return on equity of 13.21%. The firm had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.51 billion. During the same period last year, the business posted $0.75 earnings per share. The business’s revenue for the quarter was down 6.1% compared to the same quarter last year. As a group, research analysts predict that Johnson Controls International plc will post 3.58 earnings per share for the current year.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Monday, June 24th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.15%. The ex-dividend date was Monday, June 24th. Johnson Controls International’s payout ratio is 59.92%.

Insider Transactions at Johnson Controls International

In related news, COO Nathan D. Manning sold 1,167 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $66.01, for a total value of $77,033.67. Following the transaction, the chief operating officer now directly owns 104,556 shares in the company, valued at $6,901,741.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, COO Nathan D. Manning sold 1,167 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $66.01, for a total value of $77,033.67. Following the completion of the sale, the chief operating officer now directly owns 104,556 shares in the company, valued at $6,901,741.56. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Daniel C. Mcconeghy sold 9,342 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $65.50, for a total value of $611,901.00. Following the sale, the vice president now directly owns 25,378 shares in the company, valued at approximately $1,662,259. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,067 shares of company stock valued at $1,163,404. 0.69% of the stock is currently owned by corporate insiders.

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.