Teachers Retirement System of The State of Kentucky Cuts Stock Position in Johnson Controls International plc (NYSE:JCI)

Teachers Retirement System of The State of Kentucky cut its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 7.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,401 shares of the company’s stock after selling 4,078 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Johnson Controls International were worth $3,912,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Metis Global Partners LLC increased its stake in Johnson Controls International by 0.4% during the third quarter. Metis Global Partners LLC now owns 28,446 shares of the company’s stock worth $2,208,000 after purchasing an additional 127 shares during the period. Brooklyn Investment Group increased its stake in shares of Johnson Controls International by 3.5% during the third quarter. Brooklyn Investment Group now owns 4,309 shares of the company’s stock worth $334,000 after buying an additional 144 shares during the period. Summit Trail Advisors LLC increased its stake in shares of Johnson Controls International by 4.6% during the second quarter. Summit Trail Advisors LLC now owns 3,715 shares of the company’s stock worth $248,000 after buying an additional 163 shares during the period. Miracle Mile Advisors LLC increased its stake in shares of Johnson Controls International by 1.0% during the third quarter. Miracle Mile Advisors LLC now owns 17,011 shares of the company’s stock worth $1,320,000 after buying an additional 163 shares during the period. Finally, Berry Wealth Group LP increased its stake in shares of Johnson Controls International by 0.7% during the third quarter. Berry Wealth Group LP now owns 25,978 shares of the company’s stock worth $2,016,000 after buying an additional 177 shares during the period. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO George Oliver sold 224,152 shares of the stock in a transaction on Wednesday, November 20th. The stock was 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 directly owns 1,166,992 shares of the company’s stock, valued at $96,533,578.24. This trade represents a 16.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Nathan D. Manning sold 3,000 shares of the stock in a transaction 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 sale, the chief operating officer now directly owns 140,488 shares of the company’s stock, valued at approximately $10,828,815.04. This represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 872,389 shares of company stock valued at $70,763,920. 0.69% of the stock is currently owned by company insiders.

Johnson Controls International Price Performance

JCI stock opened at $82.63 on Friday. The company has a market capitalization of $54.72 billion, a P/E ratio of 32.53, a PEG ratio of 2.35 and a beta of 1.31. Johnson Controls International plc has a twelve month low of $51.71 and a twelve month high of $87.16. The business has a 50 day simple moving average of $80.60 and a 200-day simple moving average of $73.88. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Monday, December 23rd will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Monday, December 23rd. Johnson Controls International’s payout ratio is currently 58.27%.

Wall Street Analysts Forecast Growth

JCI has been the topic of a number of recent research reports. Mizuho upped their target price on shares of Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Royal Bank of Canada upped their target price on shares of 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. Morgan Stanley assumed coverage on shares of Johnson Controls International in a research note on Friday, September 6th. They set an “overweight” rating and a $85.00 target price on the stock. Wells Fargo & Company increased their price target on shares of Johnson Controls International from $84.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, UBS Group assumed coverage on shares of Johnson Controls International in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 price target on the stock. Eleven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Johnson Controls International has a consensus rating of “Hold” and an average target price of $80.38.

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.