State of Michigan Retirement System Lowers Stock Position in Johnson Controls International plc (NYSE:JCI)

State of Michigan Retirement System lessened 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 disclosure with the SEC. The firm owned 195,242 shares of the company’s stock after selling 2,900 shares during the quarter. State of Michigan Retirement System’s holdings in Johnson Controls International were worth $15,410,000 at the end of the most recent reporting period.

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

Johnson Controls International Price Performance

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

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. Equities research analysts expect that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

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

Insider Activity

In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 1,950 shares of the company’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $87.73, for a total value of $171,073.50. Following the transaction, the vice president now owns 24,803 shares of the company’s stock, valued at $2,175,967.19. This represents a 7.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Nathan D. Manning sold 1,421 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $76.44, for a total transaction of $108,621.24. Following the completion of the transaction, the vice president now directly owns 148,346 shares in the company, valued at $11,339,568.24. The trade was a 0.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 837,777 shares of company stock valued at $72,867,455 in the last 90 days. Company insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

JCI has been the topic of a number of research analyst reports. Robert W. Baird lifted their price target on shares of Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. lifted their target price on shares of Johnson Controls International from $87.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Melius Research restated a “hold” rating and set a $95.00 price target on shares of Johnson Controls International in a research report on Tuesday, January 28th. StockNews.com lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Oppenheimer boosted their price objective on Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $91.13.

Johnson Controls International 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.