Forsta AP Fonden Sells 7,700 Shares of Johnson Controls International plc (NYSE:JCI)

Forsta AP Fonden decreased its position in Johnson Controls International plc (NYSE:JCI) by 3.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 192,400 shares of the company’s stock after selling 7,700 shares during the quarter. Forsta AP Fonden’s holdings in Johnson Controls International were worth $15,186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Fortitude Family Office LLC increased its position in shares of Johnson Controls International by 195.8% during the 3rd quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock valued at $33,000 after purchasing an additional 278 shares during the last quarter. Wolff Wiese Magana LLC increased its position in shares of Johnson Controls International by 977.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock valued at $37,000 after purchasing an additional 430 shares during the last quarter. ST Germain D J Co. Inc. increased 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 valued at $43,000 after purchasing an additional 134 shares during the last quarter. Western Pacific Wealth Management LP bought a new position in shares of Johnson Controls International during the 3rd quarter valued at approximately $44,000. Finally, Friedenthal Financial bought a new position in shares of Johnson Controls International during the 4th quarter valued at approximately $49,000. Institutional investors own 90.05% of the company’s stock.

Wall Street Analysts Forecast Growth

JCI has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price objective on Johnson Controls International from $88.00 to $87.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. Wells Fargo & Company dropped their price objective on Johnson Controls International from $95.00 to $92.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Robert W. Baird boosted their price objective on Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Argus upgraded 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. Finally, Mizuho boosted their price objective on Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Eleven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Johnson Controls International presently has a consensus rating of “Hold” and a consensus target price of $84.00.

Johnson Controls International Stock Performance

Shares of JCI opened at $76.37 on Thursday. Johnson Controls International plc has a 12 month low of $52.02 and a 12 month high of $87.16. The stock has a fifty day moving average price of $81.34 and a 200-day moving average price of $76.44. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. The firm has a market cap of $50.41 billion, a PE ratio of 30.06, a P/E/G ratio of 2.35 and a beta of 1.32.

Johnson Controls International Announces Dividend

The company also recently announced 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 of this dividend was Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.94%. Johnson Controls International’s dividend payout ratio (DPR) is 58.27%.

Insider Buying and Selling

In other Johnson Controls International news, EVP Marlon Sullivan sold 7,230 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total transaction of $602,620.50. Following the sale, the executive vice president now directly owns 32,246 shares of the company’s stock, valued at approximately $2,687,704.10. This trade represents a 18.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO George Oliver sold 124,497 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $82.67, for a total value of $10,292,166.99. Following the sale, the chief executive officer now directly owns 1,267,716 shares in the company, valued at $104,802,081.72. This represents a 8.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 647,787 shares of company stock worth $53,972,452 in the last 90 days. Insiders own 0.69% of the company’s stock.

Johnson Controls International 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.