Johnson Controls International plc (NYSE:JCI) Shares Sold by Deseret Mutual Benefit Administrators

Deseret Mutual Benefit Administrators lessened its position in shares of Johnson Controls International plc (NYSE:JCI) by 10.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,067 shares of the company’s stock after selling 130 shares during the quarter. Deseret Mutual Benefit Administrators’ holdings in Johnson Controls International were worth $84,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp grew its position in Johnson Controls International by 1.1% during the third 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 period. Fisher Asset Management LLC lifted its holdings in 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 valued at $1,187,084,000 after purchasing an additional 509,293 shares in the last quarter. Geode Capital Management LLC lifted its holdings in 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 valued at $1,041,822,000 after purchasing an additional 71,493 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Johnson Controls International by 514.9% during 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 in the last quarter. Finally, abrdn plc lifted its holdings in Johnson Controls International by 6.1% during the third quarter. abrdn plc now owns 1,974,268 shares of the company’s stock valued at $152,157,000 after purchasing an additional 112,955 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Insider Activity at Johnson Controls International

In related news, CEO George Oliver sold 124,497 shares of Johnson Controls International stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $82.67, for a total value of $10,292,166.99. Following the completion of the transaction, the chief executive officer now owns 1,267,716 shares in the company, valued at approximately $104,802,081.72. The trade was a 8.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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 shares were sold at an average price of $83.35, for a total transaction of $602,620.50. Following the completion of the transaction, the executive vice president now owns 32,246 shares of the company’s stock, valued at $2,687,704.10. This trade represents a 18.31 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 719,004 shares of company stock worth $62,950,067. Corporate insiders own 0.54% of the company’s stock.

Johnson Controls International Price Performance

Shares of JCI opened at $85.23 on Friday. Johnson Controls International plc has a 1-year low of $57.78 and a 1-year high of $91.14. The stock has a market cap of $56.26 billion, a PE ratio of 32.53, a P/E/G ratio of 1.96 and a beta of 1.32. The firm has a 50-day simple moving average of $82.06 and a two-hundred day simple moving average of $78.47. 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 announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates 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, analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, December 23rd were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis 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 currently 56.49%.

Analysts Set New Price Targets

Several equities analysts have issued reports on JCI shares. Robert W. Baird increased their price objective on shares of Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Morgan Stanley increased their price objective on shares of Johnson Controls International from $95.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Citigroup decreased their price objective on shares of Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. Royal Bank of Canada increased their price objective on shares of Johnson Controls International from $86.00 to $93.00 and gave the company a “sector perform” rating in a report on Thursday, February 6th. Finally, Melius Research reissued a “hold” rating and issued a $95.00 price target on shares of Johnson Controls International in a research note on Tuesday, January 28th. Eight investment 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 stock has an average rating of “Moderate Buy” and a consensus 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.