State of New Jersey Common Pension Fund D Has $19.17 Million Holdings in Johnson Controls International plc (NYSE:JCI)

State of New Jersey Common Pension Fund D lessened its stake in shares of Johnson Controls International plc (NYSE:JCI) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 242,883 shares of the company’s stock after selling 3,863 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Johnson Controls International were worth $19,171,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Compass Financial Services Inc bought a new position in Johnson Controls International in the fourth quarter valued at about $26,000. Fortitude Family Office LLC raised its holdings in 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 during the last quarter. Synergy Asset Management LLC acquired a new stake in Johnson Controls International during the 4th quarter worth approximately $42,000. ST Germain D J Co. Inc. boosted its position in 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 buying an additional 134 shares during the period. Finally, Western Pacific Wealth Management LP bought a new stake in Johnson Controls International during the 3rd quarter worth approximately $44,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Johnson Controls International Stock Performance

Shares of JCI opened at $89.83 on Tuesday. Johnson Controls International plc has a one year low of $56.28 and a one year high of $89.95. The company has a market cap of $59.30 billion, a PE ratio of 34.28, a P/E/G ratio of 2.48 and a beta of 1.32. The stock has a 50-day moving average of $81.50 and a 200-day moving average of $77.79. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.79.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data 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 return on equity of 15.11% and a net margin of 6.83%. On average, equities research analysts predict that Johnson Controls International plc will post 3.52 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, December 23rd were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend was Monday, December 23rd. Johnson Controls International’s dividend payout ratio is currently 56.49%.

Insider Activity

In other Johnson Controls International news, CEO George Oliver sold 162,894 shares of Johnson Controls International stock in a transaction on Friday, February 14th. The shares were sold at an average price of $89.28, for a total transaction of $14,543,176.32. Following the transaction, the chief executive officer now directly owns 1,203,893 shares of the company’s stock, valued at $107,483,567.04. The trade was a 11.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Marlon Sullivan sold 7,230 shares of the company’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 approximately $2,687,704.10. The trade was a 18.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,113,772 shares of company stock worth $95,772,462 over the last 90 days. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

JCI has been the topic of a number of recent research reports. Argus upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a report on Friday, December 20th. UBS Group raised 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 report on Monday, February 10th. Wells Fargo & Company increased their price target on Johnson Controls International from $92.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Robert W. Baird lifted their price objective on Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, Melius cut Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 target price on the stock. in a report on Tuesday, January 28th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Johnson Controls International has a consensus rating of “Moderate Buy” and an average target price of $91.13.

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.