National Pension Service Decreases Holdings in Johnson Controls International plc (NYSE:JCI)

National Pension Service lessened its stake in shares of Johnson Controls International plc (NYSE:JCI) by 21.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,549,338 shares of the company’s stock after selling 413,079 shares during the period. National Pension Service owned about 0.23% of Johnson Controls International worth $122,289,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in JCI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Johnson Controls International by 514.9% in the third 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 purchasing an additional 4,514,792 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of Johnson Controls International by 3.4% in the third quarter. Fisher Asset Management LLC now owns 15,295,506 shares of the company’s stock worth $1,187,084,000 after purchasing an additional 509,293 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Johnson Controls International in the fourth quarter worth about $32,609,000. Worldquant Millennium Advisors LLC purchased a new position in shares of Johnson Controls International in the third quarter worth about $25,065,000. Finally, State Street Corp increased its stake in shares of Johnson Controls International by 1.1% in the third quarter. State Street Corp now owns 27,939,766 shares of the company’s stock worth $2,178,595,000 after purchasing an additional 300,712 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Trading Up 1.3 %

Shares of Johnson Controls International stock opened at $84.97 on Thursday. Johnson Controls International plc has a 1 year low of $58.90 and a 1 year high of $91.14. The firm has a market cap of $56.09 billion, a PE ratio of 32.43, a PEG ratio of 1.96 and a beta of 1.32. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86. The company has a 50 day simple moving average of $82.22 and a two-hundred day simple moving average of $78.83.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. Analysts expect that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, December 23rd were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend was Monday, December 23rd. Johnson Controls International’s dividend payout ratio (DPR) is presently 56.49%.

Insiders Place Their Bets

In other Johnson Controls International news, CEO George Oliver sold 129,263 shares of Johnson Controls International stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $83.55, for a total transaction of $10,799,923.65. Following the transaction, the chief executive officer now directly owns 1,203,893 shares of the company’s stock, valued at approximately $100,585,260.15. This trade represents a 9.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Marlon Sullivan sold 7,230 shares of Johnson Controls International stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 32,246 shares in the company, valued at $2,687,704.10. This trade represents a 18.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 837,963 shares of company stock valued at $72,883,012. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

JCI has been the subject of several recent research reports. UBS Group upgraded shares of Johnson Controls International from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $90.00 to $103.00 in a research note on Monday, February 10th. JPMorgan Chase & Co. raised their price objective on shares of Johnson Controls International from $87.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Barclays raised their price objective on shares of 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. Wells Fargo & Company raised their price objective on shares of Johnson Controls International from $92.00 to $98.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, Robert W. Baird raised their price objective on shares of Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Johnson Controls International currently has a consensus rating of “Moderate Buy” and an average target price 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.