Elo Mutual Pension Insurance Co Reduces Holdings in Johnson Controls International plc (NYSE:JCI)

Elo Mutual Pension Insurance Co reduced its position in Johnson Controls International plc (NYSE:JCI) by 7.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 65,040 shares of the company’s stock after selling 4,880 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Johnson Controls International were worth $5,134,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Johnson Controls International by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 68,156,110 shares of the company’s stock valued at $5,379,562,000 after purchasing an additional 179,743 shares during the last quarter. State Street Corp boosted its stake in shares of Johnson Controls International by 1.1% during the 3rd quarter. State Street Corp now owns 27,939,766 shares of the company’s stock valued at $2,178,595,000 after buying an additional 300,712 shares during the last quarter. Fisher Asset Management LLC grew its position in shares of Johnson Controls International by 2.9% during the fourth quarter. Fisher Asset Management LLC now owns 15,743,019 shares of the company’s stock worth $1,242,597,000 after buying an additional 447,513 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of 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 buying an additional 71,493 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Johnson Controls International in the fourth quarter valued at $568,309,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Controls International Stock Down 0.6 %

JCI stock opened at $82.23 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. The firm’s 50-day simple moving average is $82.99 and its 200 day simple moving average is $80.43. The stock has a market cap of $54.28 billion, a PE ratio of 31.39, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32. Johnson Controls International plc has a fifty-two week low of $59.83 and a fifty-two week high of $91.14.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, beating 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%. As a group, sell-side analysts predict that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 24th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a yield of 1.80%. Johnson Controls International’s dividend payout ratio (DPR) is presently 56.49%.

Analysts Set New Price Targets

JCI has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Johnson Controls International from $87.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Citigroup lowered their price objective on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Morgan Stanley increased their target price on Johnson Controls International from $95.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Melius Research reiterated a “hold” rating and issued a $95.00 price target on shares of Johnson Controls International in a report on Tuesday, January 28th. Finally, Argus raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research report on Friday, December 20th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $91.27.

Insider Transactions at Johnson Controls International

In other news, VP Daniel C. Mcconeghy sold 1,950 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $87.73, for a total value of $171,073.50. Following the completion of the sale, the vice president now directly owns 24,803 shares of the company’s stock, valued at approximately $2,175,967.19. This represents a 7.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director George Oliver sold 15,669 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $77.49, for a total transaction of $1,214,190.81. Following the completion of the transaction, the director now owns 1,003,893 shares of the company’s stock, valued at $77,791,668.57. This trade represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 905,864 shares of company stock valued at $77,824,710. 0.54% of the stock is currently 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.