Retirement Systems of Alabama Sells 7,179 Shares of Johnson Controls International plc (NYSE:JCI)

Retirement Systems of Alabama trimmed its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 1.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 527,819 shares of the company's stock after selling 7,179 shares during the quarter. Retirement Systems of Alabama owned about 0.08% of Johnson Controls International worth $42,284,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in Johnson Controls International during the fourth quarter worth $29,000. Community Bank N.A. bought a new position in Johnson Controls International during the first quarter worth $32,000. Crowley Wealth Management Inc. bought a new position in Johnson Controls International during the fourth quarter worth $42,000. Gables Capital Management Inc. boosted its position in Johnson Controls International by 132.0% during the fourth quarter. Gables Capital Management Inc. now owns 580 shares of the company's stock worth $46,000 after purchasing an additional 330 shares during the period. Finally, Flagship Wealth Advisors LLC bought a new position in Johnson Controls International during the fourth quarter worth $48,000. 90.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on JCI. Deutsche Bank Aktiengesellschaft upgraded shares of Johnson Controls International from a "hold" rating to a "buy" rating and upped their price target for the company from $101.00 to $112.00 in a research note on Monday, May 12th. Citigroup decreased their price target on shares of Johnson Controls International from $95.00 to $85.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. JPMorgan Chase & Co. upped their price target on shares of Johnson Controls International from $81.00 to $98.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Royal Bank Of Canada upped their price target on shares of Johnson Controls International from $82.00 to $98.00 and gave the company a "sector perform" rating in a research note on Thursday, May 8th. Finally, UBS Group restated a "buy" rating and issued a $116.00 price target (up from $103.00) on shares of Johnson Controls International in a research note on Thursday, May 22nd. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Johnson Controls International presently has a consensus rating of "Moderate Buy" and a consensus price target of $97.88.

Insider Transactions at Johnson Controls International

In related news, VP Anuruddha Rathninde sold 15,000 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $103.13, for a total value of $1,546,950.00. Following the completion of the transaction, the vice president now owns 42,574 shares in the company, valued at $4,390,656.62. This trade represents a 26.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Nathan D. Manning sold 1,422 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $100.90, for a total transaction of $143,479.80. Following the completion of the transaction, the vice president now owns 143,282 shares of the company's stock, valued at approximately $14,457,153.80. This trade represents a 0.98% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 147,555 shares of company stock valued at $13,669,414. 0.54% of the stock is currently owned by insiders.

Johnson Controls International Trading Down 1.3%

JCI opened at $102.10 on Friday. The stock has a market capitalization of $67.18 billion, a price-to-earnings ratio of 27.23, a P/E/G ratio of 2.26 and a beta of 1.33. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.48. Johnson Controls International plc has a twelve month low of $64.31 and a twelve month high of $105.19. The company has a 50-day simple moving average of $93.39 and a 200 day simple moving average of $85.55.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.82 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.05. The firm had revenue of $5.68 billion during the quarter, compared to analysts' expectations of $5.64 billion. Johnson Controls International had a net margin of 10.19% and a return on equity of 15.13%. The business's revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.78 earnings per share. Analysts predict that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 23rd will be issued a $0.37 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.45%. Johnson Controls International's dividend payout ratio (DPR) is currently 39.47%.

Johnson Controls International declared that its Board of Directors has initiated a share repurchase plan on Friday, June 13th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to buy up to 13.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its shares are undervalued.

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.

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