Johnson Controls International plc (NYSE:JCI) Shares Sold by Forsta AP Fonden

Forsta AP Fonden reduced its stake in shares of Johnson Controls International plc (NYSE:JCI) by 3.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 192,400 shares of the company’s stock after selling 7,700 shares during the quarter. Forsta AP Fonden’s holdings in Johnson Controls International were worth $15,186,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Park Avenue Securities LLC grew its position in shares of Johnson Controls International by 101.5% during the 4th quarter. Park Avenue Securities LLC now owns 26,517 shares of the company’s stock valued at $2,093,000 after acquiring an additional 13,360 shares during the period. Y Intercept Hong Kong Ltd grew its position in shares of Johnson Controls International by 136.8% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 91,248 shares of the company’s stock valued at $7,082,000 after acquiring an additional 52,719 shares during the period. Geode Capital Management LLC grew its position in shares of Johnson Controls International by 0.5% during 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 acquiring an additional 71,493 shares during the period. BNC Wealth Management LLC acquired a new stake in shares of Johnson Controls International during the 4th quarter valued at about $2,093,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Johnson Controls International during the 3rd quarter valued at about $7,692,000. 90.05% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on JCI shares. UBS Group started coverage on Johnson Controls International in a research report on Wednesday, November 13th. They set a “neutral” rating and a $90.00 target price on the stock. Robert W. Baird raised their target price on Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Melius Research reiterated a “hold” rating and issued a $95.00 price objective on shares of Johnson Controls International in a report on Tuesday. StockNews.com cut Johnson Controls International from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Oppenheimer lifted their price objective on Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Eleven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $84.00.

Johnson Controls International Trading Up 0.3 %

JCI opened at $76.37 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.79. The company’s 50 day simple moving average is $81.34 and its two-hundred day simple moving average is $76.44. Johnson Controls International plc has a 1-year low of $52.02 and a 1-year high of $87.16. The firm has a market capitalization of $50.41 billion, a price-to-earnings ratio of 30.06, a price-to-earnings-growth ratio of 2.35 and a beta of 1.32.

Johnson Controls International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were given a dividend of $0.37 per share. 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 presently 58.27%.

Insider Activity

In other news, EVP Marlon Sullivan sold 7,230 shares of Johnson Controls International stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total transaction of $602,620.50. Following the sale, the executive vice president now owns 32,246 shares of the company’s stock, valued at approximately $2,687,704.10. The trade was a 18.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO George Oliver sold 110,616 shares of Johnson Controls International stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $84.60, for a total transaction of $9,358,113.60. Following the sale, the chief executive officer now directly owns 1,244,617 shares in the company, valued at approximately $105,294,598.20. The trade was a 8.16 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 647,787 shares of company stock valued at $53,972,452. 0.69% of the stock is currently owned by company insiders.

Johnson Controls International 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.