State of New Jersey Common Pension Fund D Sells 696 Shares of Johnson Controls International plc (NYSE:JCI)

State of New Jersey Common Pension Fund D lessened its position in Johnson Controls International plc (NYSE:JCI) by 0.3% in the 3rd quarter, Holdings Channel reports. The firm owned 246,746 shares of the company’s stock after selling 696 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Johnson Controls International were worth $19,150,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of JCI. Summit Trail Advisors LLC increased its position in shares of Johnson Controls International by 4.6% in the 2nd quarter. Summit Trail Advisors LLC now owns 3,715 shares of the company’s stock valued at $248,000 after buying an additional 163 shares in the last quarter. Miracle Mile Advisors LLC lifted its holdings in shares of Johnson Controls International by 1.0% during the 3rd quarter. Miracle Mile Advisors LLC now owns 17,011 shares of the company’s stock valued at $1,320,000 after purchasing an additional 163 shares in the last quarter. Berry Wealth Group LP grew its position in shares of Johnson Controls International by 0.7% in the 3rd quarter. Berry Wealth Group LP now owns 25,978 shares of the company’s stock valued at $2,016,000 after purchasing an additional 177 shares during the period. Center for Financial Planning Inc. lifted its stake in Johnson Controls International by 5.7% in the second quarter. Center for Financial Planning Inc. now owns 3,485 shares of the company’s stock valued at $232,000 after buying an additional 187 shares in the last quarter. Finally, Wedmont Private Capital boosted its holdings in shares of Johnson Controls International by 3.1% in the second quarter. Wedmont Private Capital now owns 6,440 shares of the company’s stock valued at $451,000 after buying an additional 192 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Controls International Stock Performance

NYSE JCI traded up $2.71 on Friday, reaching $84.62. The stock had a trading volume of 4,392,978 shares, compared to its average volume of 3,558,225. Johnson Controls International plc has a 1-year low of $50.00 and a 1-year high of $84.79. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.73. The company has a market cap of $56.53 billion, a P/E ratio of 33.31, a price-to-earnings-growth ratio of 2.46 and a beta of 1.29. The firm has a fifty day moving average of $75.32 and a two-hundred day moving average of $70.98.

Johnson Controls International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend was Wednesday, September 25th. Johnson Controls International’s dividend payout ratio (DPR) is 58.27%.

Insiders Place Their Bets

In related news, CEO George Oliver sold 110,615 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the sale, the chief executive officer now owns 1,243,751 shares of the company’s stock, valued at $90,383,385.17. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Johnson Controls International news, CEO George Oliver sold 110,615 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.67, for a total value of $8,038,392.05. Following the transaction, the chief executive officer now directly owns 1,243,751 shares of the company’s stock, valued at $90,383,385.17. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Nathan D. Manning sold 3,000 shares of the company’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 transaction 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 trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 226,141 shares of company stock worth $16,904,519 in the last quarter. Corporate insiders own 0.69% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on JCI. Barclays upped their target price on shares of 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. Mizuho upped their price target on Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Oppenheimer lifted their price objective on shares of Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a report on Thursday. Royal Bank of Canada raised their target price on shares of Johnson Controls International from $81.00 to $86.00 and gave the company a “sector perform” rating in a research report on Thursday. Finally, Bank of America raised their price objective on Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a report on Friday, September 27th. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $75.64.

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.