Korea Investment CORP Sells 473,146 Shares of Johnson Controls International plc (NYSE:JCI)

Korea Investment CORP trimmed its position in shares of Johnson Controls International plc (NYSE:JCI) by 48.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 501,249 shares of the company’s stock after selling 473,146 shares during the quarter. Korea Investment CORP owned approximately 0.08% of Johnson Controls International worth $39,564,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in JCI. Meiji Yasuda Asset Management Co Ltd. grew its stake in Johnson Controls International by 1.9% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 23,608 shares of the company’s stock worth $1,863,000 after purchasing an additional 435 shares during the period. First American Trust FSB bought a new stake in shares of Johnson Controls International during the 4th quarter valued at $3,609,000. TIAA Trust National Association grew its position in shares of Johnson Controls International by 5.8% in the 4th quarter. TIAA Trust National Association now owns 11,224 shares of the company’s stock worth $886,000 after buying an additional 613 shares during the period. Crowley Wealth Management Inc. bought a new position in shares of Johnson Controls International in the 4th quarter worth about $42,000. Finally, Vanguard Group Inc. lifted its position in Johnson Controls International by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 68,156,110 shares of the company’s stock valued at $5,379,562,000 after acquiring an additional 179,743 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Price Performance

NYSE JCI opened at $82.23 on Friday. The stock has a market cap of $54.28 billion, a price-to-earnings ratio of 31.39, a PEG ratio of 1.96 and a beta of 1.32. Johnson Controls International plc has a 12 month low of $59.83 and a 12 month high of $91.14. The company’s 50 day moving average is $82.99 and its two-hundred day moving average is $80.43. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI) last released its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. As a group, research analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 24th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Monday, March 24th. Johnson Controls International’s dividend payout ratio (DPR) is 56.49%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on JCI shares. Royal Bank of Canada upped their price objective on shares of Johnson Controls International from $86.00 to $93.00 and gave the stock a “sector perform” rating in a report on Thursday, February 6th. Citigroup cut their price target on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. Argus upgraded Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research note on Friday, December 20th. Melius Research reissued a “hold” rating and issued a $95.00 target price on shares of Johnson Controls International in a research note on Tuesday, January 28th. Finally, UBS Group raised Johnson Controls International from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $90.00 to $103.00 in a research report on Monday, February 10th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $91.27.

Insider Buying and Selling

In related news, VP Daniel C. Mcconeghy sold 1,950 shares of the firm’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $87.73, for a total transaction of $171,073.50. Following the completion of the transaction, the vice president now directly owns 24,803 shares of the company’s stock, valued at approximately $2,175,967.19. This trade represents a 7.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director George Oliver sold 15,669 shares of the business’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $77.49, for a total transaction of $1,214,190.81. Following the completion of the sale, the director now owns 1,003,893 shares in the company, valued at approximately $77,791,668.57. The trade was a 1.54 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 905,864 shares of company stock worth $77,824,710. 0.54% of the stock is owned by corporate insiders.

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.