Johnson Controls International plc (NYSE:JCI) Shares Sold by Washington Capital Management Inc.

Washington Capital Management Inc. cut its position in shares of Johnson Controls International plc (NYSE:JCI) by 2.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 11,825 shares of the company’s stock after selling 290 shares during the quarter. Washington Capital Management Inc.’s holdings in Johnson Controls International were worth $933,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp boosted its stake in shares of Johnson Controls International by 1.1% in the third quarter. State Street Corp now owns 27,939,766 shares of the company’s stock worth $2,178,595,000 after acquiring an additional 300,712 shares during the last quarter. Fisher Asset Management LLC increased its stake in Johnson Controls International by 3.4% during the third quarter. Fisher Asset Management LLC now owns 15,295,506 shares of the company’s stock worth $1,187,084,000 after acquiring an additional 509,293 shares during the last quarter. Geode Capital Management LLC raised its holdings in Johnson Controls International by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company’s stock valued at $1,041,822,000 after buying an additional 71,493 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Johnson Controls International by 514.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company’s stock worth $418,439,000 after purchasing an additional 4,514,792 shares during the period. Finally, Raymond James & Associates grew its stake in shares of Johnson Controls International by 5.6% in the third quarter. Raymond James & Associates now owns 4,735,147 shares of the company’s stock valued at $367,495,000 after buying an additional 249,405 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on JCI. Mizuho lifted their price objective on Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Oppenheimer raised their target price on shares of Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Royal Bank of Canada upped their price target on Johnson Controls International from $81.00 to $86.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 7th. Argus raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a report on Friday, December 20th. Finally, Robert W. Baird raised their price objective on Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Eleven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $84.00.

Insiders Place Their Bets

In other news, CEO George Oliver sold 224,152 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $82.72, for a total transaction of $18,541,853.44. Following the completion of the sale, the chief executive officer now owns 1,166,992 shares in the company, valued at $96,533,578.24. This trade represents a 16.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Marlon Sullivan sold 7,230 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total value of $602,620.50. Following the completion of the transaction, the executive vice president now directly owns 32,246 shares of the company’s stock, valued at $2,687,704.10. The trade was a 18.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 647,787 shares of company stock worth $53,972,452 in the last quarter. 0.69% of the stock is currently owned by corporate insiders.

Johnson Controls International Price Performance

NYSE JCI opened at $76.37 on Thursday. The business has a 50 day simple moving average of $81.34 and a 200 day simple moving average of $76.44. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94. Johnson Controls International plc has a 52-week low of $52.02 and a 52-week high of $87.16. The stock has a market cap of $50.41 billion, a price-to-earnings ratio of 30.06, a PEG ratio of 2.35 and a beta of 1.32.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.94%. The ex-dividend date was Monday, December 23rd. Johnson Controls International’s payout ratio is 58.27%.

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.