Johnson Controls International plc (NYSE:JCI) Shares Sold by State of Michigan Retirement System

State of Michigan Retirement System decreased its position in shares of Johnson Controls International plc (NYSE:JCI) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 195,242 shares of the company’s stock after selling 2,900 shares during the period. State of Michigan Retirement System’s holdings in Johnson Controls International were worth $15,410,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Compass Financial Services Inc purchased a new stake in Johnson Controls International during the fourth quarter worth about $26,000. SBI Securities Co. Ltd. purchased a new position in shares of Johnson Controls International in the fourth quarter valued at approximately $29,000. Synergy Asset Management LLC acquired a new position in shares of Johnson Controls International in the fourth quarter valued at approximately $42,000. ST Germain D J Co. Inc. increased its stake in Johnson Controls International by 32.8% during the 4th quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock worth $43,000 after buying an additional 134 shares during the period. Finally, Western Pacific Wealth Management LP acquired a new stake in Johnson Controls International during the 3rd quarter worth approximately $44,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Johnson Controls International Stock Down 2.1 %

Shares of NYSE:JCI opened at $80.84 on Wednesday. The firm has a 50 day simple moving average of $82.48 and a 200-day simple moving average of $79.32. Johnson Controls International plc has a twelve month low of $59.83 and a twelve month high of $91.14. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $53.36 billion, a PE ratio of 30.85, a P/E/G ratio of 1.96 and a beta of 1.32.

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%. On average, equities analysts predict that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, December 23rd were given a $0.37 dividend. The ex-dividend date was Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.83%. Johnson Controls International’s dividend payout ratio (DPR) is presently 56.49%.

Insider Buying and Selling

In related news, VP Daniel C. Mcconeghy sold 1,950 shares of the stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $87.73, for a total transaction of $171,073.50. Following the completion of the sale, the vice president now owns 24,803 shares in the company, valued at $2,175,967.19. This represents a 7.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO George Oliver sold 129,263 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $83.55, for a total transaction of $10,799,923.65. Following the transaction, the chief executive officer now directly owns 1,203,893 shares in the company, valued at $100,585,260.15. The trade was a 9.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 837,777 shares of company stock worth $72,867,455 in the last quarter. 0.54% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

JCI has been the subject of several research reports. StockNews.com downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Citigroup lowered their target price on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. Barclays increased their price target on Johnson Controls International from $75.00 to $83.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Argus raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research report on Friday, December 20th. Finally, Robert W. Baird upped their target price on shares of Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $91.13.

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.