Kentucky Retirement Systems Sells 2,678 Shares of Johnson Controls International plc (NYSE:JCI)

Kentucky Retirement Systems trimmed its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 4.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,755 shares of the company’s stock after selling 2,678 shares during the period. Kentucky Retirement Systems’ holdings in Johnson Controls International were worth $3,381,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. RPG Investment Advisory LLC grew its holdings in Johnson Controls International by 19.3% during the 4th quarter. RPG Investment Advisory LLC now owns 196,559 shares of the company’s stock worth $11,330,000 after acquiring an additional 31,759 shares in the last quarter. United Services Automobile Association grew its holdings in Johnson Controls International by 7.9% during the 4th quarter. United Services Automobile Association now owns 20,376 shares of the company’s stock worth $1,174,000 after acquiring an additional 1,490 shares in the last quarter. ANTIPODES PARTNERS Ltd lifted its position in shares of Johnson Controls International by 89.4% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 253,859 shares of the company’s stock valued at $14,632,000 after buying an additional 119,844 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Johnson Controls International by 27.6% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 79,840 shares of the company’s stock valued at $4,602,000 after buying an additional 17,263 shares during the last quarter. Finally, RWA Wealth Partners LLC purchased a new stake in shares of Johnson Controls International during the fourth quarter valued at about $14,231,000. 90.05% of the stock is currently owned by institutional investors.

Johnson Controls International Stock Performance

JCI traded up $2.05 during midday trading on Friday, hitting $68.77. 4,794,459 shares of the company were exchanged, compared to its average volume of 3,728,913. The company’s 50 day simple moving average is $69.57 and its 200 day simple moving average is $63.92. The firm has a market capitalization of $46.33 billion, a price-to-earnings ratio of 27.84, a price-to-earnings-growth ratio of 1.80 and a beta of 1.28. The company has a current ratio of 0.87, a quick ratio of 0.65 and a debt-to-equity ratio of 0.44. Johnson Controls International plc has a 1-year low of $47.90 and a 1-year high of $74.23.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Wednesday, May 1st. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.03. Johnson Controls International had a net margin of 6.32% and a return on equity of 13.21%. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.51 billion. During the same period in the prior year, the company posted $0.75 EPS. The company’s revenue for the quarter was down 6.1% on a year-over-year basis. As a group, sell-side analysts predict that Johnson Controls International plc will post 3.58 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Monday, June 24th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.15%. The ex-dividend date was Monday, June 24th. Johnson Controls International’s payout ratio is currently 59.92%.

Insider Transactions at Johnson Controls International

In other news, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $66.01, for a total transaction of $77,033.67. Following the sale, the chief operating officer now directly owns 104,556 shares of the company’s stock, valued at approximately $6,901,741.56. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, VP Daniel C. Mcconeghy sold 9,342 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $65.50, for a total value of $611,901.00. Following the transaction, the vice president now directly owns 25,378 shares of the company’s stock, valued at approximately $1,662,259. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Nathan D. Manning sold 1,167 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $66.01, for a total transaction of $77,033.67. Following the completion of the transaction, the chief operating officer now directly owns 104,556 shares in the company, valued at $6,901,741.56. The disclosure for this sale can be found here. Insiders have sold a total of 18,067 shares of company stock valued at $1,163,404 in the last ninety days. 0.69% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

JCI has been the topic of several research analyst reports. The Goldman Sachs Group boosted their target price on shares of Johnson Controls International from $66.00 to $73.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. UBS Group lowered shares of Johnson Controls International from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $74.00 to $68.00 in a report on Monday, May 6th. Citigroup upped their target price on Johnson Controls International from $59.00 to $68.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Barclays cut their target price on Johnson Controls International from $62.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Finally, Wells Fargo & Company upped their target price on Johnson Controls International from $70.00 to $75.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Johnson Controls International currently has an average rating of “Hold” and a consensus target price of $65.23.

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.