Kentucky Retirement Systems Insurance Trust Fund Sells 1,951 Shares of Johnson Controls International plc (NYSE:JCI)

Kentucky Retirement Systems Insurance Trust Fund lowered its position in shares of Johnson Controls International plc (NYSE:JCI) by 9.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,778 shares of the company’s stock after selling 1,951 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Johnson Controls International were worth $1,535,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Fortitude Family Office LLC lifted its stake in shares of Johnson Controls International by 195.8% in the 3rd quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock valued at $33,000 after purchasing an additional 278 shares during the period. Continuum Advisory LLC increased its holdings in Johnson Controls International by 65.2% in the second quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock worth $35,000 after purchasing an additional 208 shares in the last quarter. Wolff Wiese Magana LLC lifted its stake in Johnson Controls International by 977.3% in the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock valued at $37,000 after buying an additional 430 shares during the period. Western Pacific Wealth Management LP bought a new position in shares of Johnson Controls International during the 3rd quarter worth approximately $44,000. Finally, Hexagon Capital Partners LLC grew its position in shares of Johnson Controls International by 39.7% during the 2nd quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock worth $47,000 after buying an additional 202 shares during the period. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Price Performance

JCI opened at $84.40 on Friday. The firm’s fifty day moving average price is $76.84 and its two-hundred day moving average price is $71.69. The company has a market capitalization of $56.38 billion, a price-to-earnings ratio of 33.23, a P/E/G ratio of 2.36 and a beta of 1.29. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.79. Johnson Controls International plc has a 1 year low of $51.40 and a 1 year high of $87.16.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend was Wednesday, September 25th. Johnson Controls International’s payout ratio is 58.27%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. StockNews.com downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. The Goldman Sachs Group upped their price objective on shares of Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 2nd. UBS Group initiated coverage on Johnson Controls International in a research note on Wednesday. They issued a “neutral” rating and a $90.00 target price for the company. Mizuho upped their price target on Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Finally, Bank of America raised their price objective on Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Twelve analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $77.21.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, CEO George Oliver sold 110,615 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.67, for a total value of $8,038,392.05. Following the completion of the transaction, the chief executive officer now owns 1,243,751 shares in the company, valued at $90,383,385.17. This represents a 8.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Nathan D. Manning sold 1,167 shares of Johnson Controls International stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $72.75, for a total value of $84,899.25. Following the sale, the chief operating officer now owns 143,488 shares in the company, valued at $10,438,752. The trade was a 0.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 226,141 shares of company stock worth $16,904,519. Insiders own 0.69% of the company’s stock.

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.