USS Investment Management Ltd Lowers Position in Johnson Controls International plc (NYSE:JCI)

USS Investment Management Ltd lowered its stake in Johnson Controls International plc (NYSE:JCI - Free Report) by 36.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 80,132 shares of the company's stock after selling 45,237 shares during the period. USS Investment Management Ltd's holdings in Johnson Controls International were worth $6,326,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Waverly Advisors LLC increased its position in shares of Johnson Controls International by 197.0% in the fourth quarter. Waverly Advisors LLC now owns 9,953 shares of the company's stock worth $786,000 after purchasing an additional 6,602 shares during the period. Worldquant Millennium Advisors LLC increased its position in shares of Johnson Controls International by 51.8% in the fourth quarter. Worldquant Millennium Advisors LLC now owns 490,376 shares of the company's stock worth $38,705,000 after purchasing an additional 167,412 shares during the period. XN LP bought a new position in shares of Johnson Controls International in the fourth quarter worth $74,326,000. Vident Advisory LLC grew its position in Johnson Controls International by 5.9% in the fourth quarter. Vident Advisory LLC now owns 11,753 shares of the company's stock valued at $928,000 after acquiring an additional 651 shares during the last quarter. Finally, Temasek Holdings Private Ltd grew its position in Johnson Controls International by 216.0% in the fourth quarter. Temasek Holdings Private Ltd now owns 135,988 shares of the company's stock valued at $10,734,000 after acquiring an additional 92,960 shares during the last quarter. Institutional investors own 90.05% of the company's stock.

Insider Activity at Johnson Controls International

In related news, CFO Marc Vandiepenbeeck sold 28,289 shares of the stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $90.92, for a total transaction of $2,572,035.88. Following the sale, the chief financial officer now owns 147,673 shares of the company's stock, valued at approximately $13,426,429.16. This represents a 16.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director George Oliver sold 15,669 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $77.49, for a total value of $1,214,190.81. Following the sale, the director now directly owns 1,003,893 shares in the company, valued at $77,791,668.57. This trade represents a 1.54% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 331,133 shares of company stock worth $27,845,646. 0.54% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on JCI shares. Deutsche Bank Aktiengesellschaft upgraded Johnson Controls International from a "hold" rating to a "buy" rating and lifted their target price for the company from $101.00 to $112.00 in a research report on Monday, May 12th. Citigroup decreased their target price on Johnson Controls International from $95.00 to $85.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Oppenheimer lifted their target price on Johnson Controls International from $90.00 to $96.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. UBS Group reiterated a "buy" rating and issued a $116.00 target price (up previously from $103.00) on shares of Johnson Controls International in a research report on Thursday, May 22nd. Finally, Vertical Research upgraded Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 target price on the stock in a research report on Thursday, May 8th. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $96.12.

Johnson Controls International Trading Down 0.0%

JCI traded down $0.02 during trading on Wednesday, hitting $101.01. The company's stock had a trading volume of 1,384,275 shares, compared to its average volume of 4,275,297. Johnson Controls International plc has a twelve month low of $64.31 and a twelve month high of $101.53. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. The stock's fifty day moving average price is $84.76 and its 200-day moving average price is $83.25. The firm has a market capitalization of $66.47 billion, a P/E ratio of 38.54, a PEG ratio of 1.96 and a beta of 1.28.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.77 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. The firm had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.64 billion. During the same quarter in the previous year, the company posted $0.78 earnings per share. The company's quarterly revenue was up 1.4% on a year-over-year basis. Analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 24th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend was Monday, March 24th. Johnson Controls International's dividend payout ratio (DPR) is currently 39.47%.

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.