Johnson Controls International plc (NYSE:JCI) Shares Sold by South Dakota Investment Council

South Dakota Investment Council decreased its stake in Johnson Controls International plc (NYSE:JCI) by 12.4% during the 4th quarter, Holdings Channel reports. The firm owned 8,800 shares of the company’s stock after selling 1,250 shares during the quarter. South Dakota Investment Council’s holdings in Johnson Controls International were worth $695,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Summit Asset Management LLC boosted its holdings in Johnson Controls International by 1.7% in the 4th quarter. Summit Asset Management LLC now owns 17,800 shares of the company’s stock worth $1,405,000 after buying an additional 300 shares during the last quarter. Howard Capital Management Inc. purchased a new position in shares of Johnson Controls International in the fourth quarter valued at approximately $348,000. TCW Group Inc. boosted its stake in shares of Johnson Controls International by 16.2% in the fourth quarter. TCW Group Inc. now owns 860,544 shares of the company’s stock worth $67,923,000 after acquiring an additional 119,714 shares during the last quarter. Fisher Funds Management LTD purchased a new stake in shares of Johnson Controls International during the fourth quarter worth approximately $5,066,000. Finally, Peregrine Asset Advisers Inc. raised its stake in Johnson Controls International by 54.5% in the 4th quarter. Peregrine Asset Advisers Inc. now owns 15,213 shares of the company’s stock valued at $1,201,000 after purchasing an additional 5,366 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Price Performance

JCI stock opened at $85.23 on Monday. Johnson Controls International plc has a 52-week low of $57.78 and a 52-week high of $91.14. 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 stock has a market cap of $56.26 billion, a price-to-earnings ratio of 32.53, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32. The business has a fifty day moving average of $82.06 and a two-hundred day moving average of $78.56.

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%. As a group, research analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were paid 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 was Monday, December 23rd. Johnson Controls International’s dividend payout ratio (DPR) is 56.49%.

Analyst Ratings Changes

Several equities research analysts have issued reports on JCI shares. UBS Group raised shares of Johnson Controls International from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $90.00 to $103.00 in a research note on Monday, February 10th. Wells Fargo & Company boosted their price target on shares of Johnson Controls International from $92.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. upped their price objective on shares of Johnson Controls International from $87.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Barclays raised their target price on shares of Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Finally, Morgan Stanley upped their price target on Johnson Controls International from $95.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.13.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, CEO George Oliver sold 124,497 shares of the business’s stock in a transaction that occurred on 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 owns 1,267,716 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through this link. Also, EVP Marlon Sullivan sold 7,230 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total value of $602,620.50. Following the transaction, the executive vice president now owns 32,246 shares of the company’s stock, valued at approximately $2,687,704.10. This represents a 18.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 708,700 shares of company stock worth $62,083,088. 0.54% of the stock is currently owned by 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.