Johnson Controls International plc (NYSE:JCI) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue reduced its stake in Johnson Controls International plc (NYSE:JCI) by 5.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,022 shares of the company’s stock after selling 5,200 shares during the quarter. State of Alaska Department of Revenue’s holdings in Johnson Controls International were worth $5,945,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in JCI. Optimum Investment Advisors increased its holdings in shares of Johnson Controls International by 17.5% during the 4th quarter. Optimum Investment Advisors now owns 1,175 shares of the company’s stock worth $68,000 after buying an additional 175 shares during the last quarter. Raleigh Capital Management Inc. increased its stake in Johnson Controls International by 3.9% during the third quarter. Raleigh Capital Management Inc. now owns 4,767 shares of the company’s stock worth $254,000 after acquiring an additional 179 shares during the last quarter. BSW Wealth Partners raised its holdings in shares of Johnson Controls International by 4.3% in the 4th quarter. BSW Wealth Partners now owns 4,494 shares of the company’s stock worth $259,000 after purchasing an additional 185 shares during the period. HCR Wealth Advisors lifted its stake in shares of Johnson Controls International by 1.2% in the 4th quarter. HCR Wealth Advisors now owns 16,225 shares of the company’s stock valued at $935,000 after purchasing an additional 185 shares in the last quarter. Finally, West Paces Advisors Inc. grew its holdings in shares of Johnson Controls International by 34.5% during the 4th quarter. West Paces Advisors Inc. now owns 788 shares of the company’s stock worth $45,000 after purchasing an additional 202 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.

Insiders Place Their Bets

In other news, COO Nathan D. Manning sold 1,167 shares of the business’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 value of $77,033.67. Following the completion of the sale, the chief operating officer now directly owns 104,556 shares in the company, valued at approximately $6,901,741.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Johnson Controls International 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 owns 25,378 shares of the company’s stock, valued at $1,662,259. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Nathan D. Manning sold 1,167 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $66.01, for a total value of $77,033.67. Following the transaction, the chief operating officer now directly owns 104,556 shares of the company’s stock, 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 $1,162,299 in the last quarter. Insiders own 0.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on JCI. Wells Fargo & Company raised their price target on shares of Johnson Controls International from $64.00 to $73.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Oppenheimer raised their target price on shares of Johnson Controls International from $70.00 to $76.00 and gave the company an “outperform” rating in a research note on Thursday, June 27th. Barclays upped their price target on shares of Johnson Controls International from $59.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Friday, June 21st. UBS Group lowered Johnson Controls International from a “buy” rating to a “neutral” rating and cut their price objective for the company from $74.00 to $68.00 in a research report on Monday, May 6th. Finally, Citigroup increased their target price on Johnson Controls International from $59.00 to $68.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $63.82.

Johnson Controls International Stock Performance

Johnson Controls International stock opened at $66.85 on Thursday. The company has a current ratio of 0.87, a quick ratio of 0.65 and a debt-to-equity ratio of 0.44. The stock has a 50 day moving average of $68.28 and a 200-day moving average of $62.45. The stock has a market cap of $45.04 billion, a P/E ratio of 27.06, a price-to-earnings-growth ratio of 1.73 and a beta of 1.28. Johnson Controls International plc has a 52 week low of $47.90 and a 52 week high of $74.23.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.03. The company had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.51 billion. Johnson Controls International had a net margin of 6.32% and a return on equity of 13.21%. The firm’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same period last year, the business earned $0.75 EPS. On average, analysts expect that Johnson Controls International plc will post 3.59 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Monday, June 24th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Monday, June 24th. Johnson Controls International’s payout ratio is currently 59.92%.

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.