New York State Common Retirement Fund Sells 98,100 Shares of Johnson Controls International plc (NYSE:JCI)

New York State Common Retirement Fund lessened its holdings in Johnson Controls International plc (NYSE:JCI) by 10.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 842,088 shares of the company’s stock after selling 98,100 shares during the period. New York State Common Retirement Fund’s holdings in Johnson Controls International were worth $65,354,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Fortitude Family Office LLC lifted its stake in shares of Johnson Controls International by 195.8% during the 3rd quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock worth $33,000 after buying an additional 278 shares during the last quarter. Continuum Advisory LLC lifted its holdings in Johnson Controls International by 65.2% during the 2nd quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock worth $35,000 after purchasing an additional 208 shares during the last quarter. Wolff Wiese Magana LLC boosted its stake in Johnson Controls International by 977.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock valued at $37,000 after purchasing an additional 430 shares during the period. Hexagon Capital Partners LLC grew its holdings in Johnson Controls International by 39.7% in the 2nd quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock valued at $47,000 after buying an additional 202 shares in the last quarter. Finally, Friedenthal Financial bought a new position in Johnson Controls International during the 2nd quarter worth $47,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on JCI shares. Bank of America upped their price target on shares of Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Robert W. Baird raised their target price on shares of Johnson Controls International from $72.00 to $78.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Oppenheimer boosted their price target on Johnson Controls International from $79.00 to $86.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Barclays raised their price objective on Johnson Controls International from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. Finally, Royal Bank of Canada upgraded Johnson Controls International from an “underperform” rating to a “sector perform” rating and upped their target price for the company from $61.00 to $69.00 in a research report on Wednesday, August 14th. Twelve investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $73.43.

Insider Buying and Selling at Johnson Controls International

In other news, CEO George Oliver sold 110,615 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $76.79, for a total value of $8,494,125.85. Following the sale, the chief executive officer now directly owns 1,243,751 shares of the company’s stock, valued at approximately $95,507,639.29. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Johnson Controls International news, COO Nathan D. Manning sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total value of $231,240.00. Following the transaction, the chief operating officer now directly owns 140,488 shares of the company’s stock, valued at approximately $10,828,815.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO George Oliver sold 110,615 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $76.79, for a total value of $8,494,125.85. Following the transaction, the chief executive officer now owns 1,243,751 shares in the company, valued at $95,507,639.29. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 226,327 shares of company stock valued at $16,916,720. 0.69% of the stock is currently owned by company insiders.

Johnson Controls International Stock Performance

NYSE JCI opened at $75.50 on Friday. The stock has a market cap of $50.43 billion, a PE ratio of 31.59, a PEG ratio of 2.16 and a beta of 1.29. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 0.96. The firm’s fifty day moving average price is $74.53 and its two-hundred day moving average price is $70.40. Johnson Controls International plc has a fifty-two week low of $49.64 and a fifty-two week high of $78.23.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.06. The company had revenue of $7.23 billion for the quarter, compared to analysts’ expectations of $7.53 billion. Johnson Controls International had a net margin of 6.02% and a return on equity of 13.64%. Johnson Controls International’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 earnings per share. On average, equities analysts expect that Johnson Controls International plc will post 3.68 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Wednesday, September 25th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend was Wednesday, September 25th. Johnson Controls International’s payout ratio is presently 61.92%.

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.