Kentucky Retirement Systems Sells 632 Shares of Johnson Controls International plc (NYSE:JCI)

Kentucky Retirement Systems trimmed its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,905 shares of the company’s stock after selling 632 shares during the period. Kentucky Retirement Systems’ holdings in Johnson Controls International were worth $3,623,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of JCI. State Street Corp grew its holdings in Johnson Controls International by 1.1% during the 3rd quarter. State Street Corp now owns 27,939,766 shares of the company’s stock worth $2,178,595,000 after acquiring an additional 300,712 shares during the period. Fisher Asset Management LLC grew its stake in shares of Johnson Controls International by 3.4% during 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 during the period. Geode Capital Management LLC grew its stake in shares of Johnson Controls International by 0.5% during the third quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company’s stock worth $1,041,822,000 after purchasing an additional 71,493 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in 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 valued at $418,439,000 after purchasing an additional 4,514,792 shares during the last quarter. Finally, abrdn plc lifted its stake in Johnson Controls International by 6.1% in the third quarter. abrdn plc now owns 1,974,268 shares of the company’s stock valued at $152,157,000 after buying an additional 112,955 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on JCI shares. Barclays boosted their target price on Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Citigroup decreased their price objective on shares of Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Oppenheimer increased their target price on shares of Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Melius Research reissued a “hold” rating and issued a $95.00 price target on shares of Johnson Controls International in a report on Tuesday, January 28th. Finally, Melius cut shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price objective for the company. in a research report on Tuesday, January 28th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $91.13.

Johnson Controls International Stock Down 4.1 %

JCI stock opened at $85.23 on Friday. The business has a 50-day moving average of $82.06 and a 200-day moving average of $78.38. Johnson Controls International plc has a fifty-two week low of $57.78 and a fifty-two week high of $91.14. The stock has a market capitalization of $56.26 billion, a P/E ratio of 32.53, a P/E/G 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.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, topping 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, sell-side analysts anticipate 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 $0.37 dividend. The ex-dividend date was Monday, December 23rd. This represents a $1.48 annualized dividend and a yield of 1.74%. Johnson Controls International’s payout ratio is currently 56.49%.

Insiders Place Their Bets

In related news, VP Daniel C. Mcconeghy sold 1,950 shares of the company’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $87.73, for a total transaction of $171,073.50. Following the sale, the vice president now owns 24,803 shares in the company, valued at approximately $2,175,967.19. This represents a 7.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Nathan D. Manning sold 1,421 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $76.44, for a total value of $108,621.24. Following the transaction, the vice president now directly owns 148,346 shares of the company’s stock, valued at $11,339,568.24. This trade represents a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 719,004 shares of company stock valued at $62,950,067 in the last three months. 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.