Retirement Systems of Alabama Sells 62,300 Shares of Johnson Controls International plc (NYSE:JCI)

Retirement Systems of Alabama trimmed its position in shares of Johnson Controls International plc (NYSE:JCI) by 10.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 538,166 shares of the company’s stock after selling 62,300 shares during the quarter. Retirement Systems of Alabama owned 0.08% of Johnson Controls International worth $41,767,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Fortitude Family Office LLC boosted its holdings in shares of Johnson Controls International by 195.8% in the third 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. Wolff Wiese Magana LLC raised its position in Johnson Controls International by 977.3% in the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock worth $37,000 after acquiring an additional 430 shares during the period. Continuum Advisory LLC raised its position in Johnson Controls International by 65.2% in the second quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock worth $35,000 after acquiring an additional 208 shares during the period. Western Pacific Wealth Management LP purchased a new position in shares of Johnson Controls International during the 3rd quarter worth $44,000. Finally, Family Firm Inc. bought a new stake in shares of Johnson Controls International during the 2nd quarter valued at $48,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO George Oliver sold 110,615 shares of Johnson Controls International stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.67, for a total value of $8,038,392.05. Following the completion of the sale, the chief executive officer now directly owns 1,243,751 shares in the company, valued at $90,383,385.17. The trade was a 8.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Nathan D. Manning sold 3,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $77.08, for a total transaction of $231,240.00. Following the completion of the sale, the chief operating officer now owns 140,488 shares of the company’s stock, valued at approximately $10,828,815.04. This represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 872,389 shares of company stock valued at $70,763,920. Insiders own 0.69% of the company’s stock.

Johnson Controls International Stock Performance

NYSE:JCI opened at $82.63 on Friday. The firm has a market capitalization of $54.72 billion, a PE ratio of 32.53, a PEG ratio of 2.35 and a beta of 1.31. The stock’s fifty day moving average is $80.60 and its 200 day moving average is $73.88. Johnson Controls International plc has a fifty-two week low of $51.71 and a fifty-two week high of $87.16. 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 Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.79%. Johnson Controls International’s payout ratio is 58.27%.

Wall Street Analyst Weigh In

Several analysts have issued reports on JCI shares. Barclays boosted their price target on Johnson Controls International from $75.00 to $83.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. StockNews.com cut shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Mizuho lifted their price target on shares of Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. 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 objective for the company. Finally, Bank of America lifted their target price 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. Eleven analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Johnson Controls International has a consensus rating of “Hold” and an average price target of $80.38.

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.