USS Investment Management Ltd Sells 45,237 Shares of Johnson Controls International plc (NYSE:JCI)

USS Investment Management Ltd reduced its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 36.1% in the 4th quarter, according to the company in 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 quarter. 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 institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Barclays PLC grew its stake in shares of Johnson Controls International by 6.7% in the 3rd quarter. Barclays PLC now owns 1,685,322 shares of the company's stock valued at $130,797,000 after buying an additional 105,194 shares in the last quarter. UMB Bank n.a. lifted its stake in Johnson Controls International by 18.7% in the fourth quarter. UMB Bank n.a. now owns 2,846 shares of the company's stock valued at $225,000 after acquiring an additional 448 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of Johnson Controls International by 82.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 4,816 shares of the company's stock worth $380,000 after purchasing an additional 2,176 shares during the last quarter. Atomi Financial Group Inc. increased its stake in shares of Johnson Controls International by 12.8% during the 4th quarter. Atomi Financial Group Inc. now owns 6,970 shares of the company's stock worth $550,000 after purchasing an additional 792 shares during the last quarter. Finally, Simon Quick Advisors LLC bought a new position in shares of Johnson Controls International during the 4th quarter valued at $252,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Controls International Stock Performance

JCI traded up $2.78 on Tuesday, hitting $100.77. 3,114,628 shares of the stock traded hands, compared to its average volume of 4,651,470. The business has a fifty day moving average price of $84.40 and a two-hundred day moving average price of $83.12. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $66.31 billion, a PE ratio of 38.47, a P/E/G ratio of 1.96 and a beta of 1.28. Johnson Controls International plc has a 52 week low of $64.31 and a 52 week high of $100.82.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.05. The company had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.64 billion. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. Johnson Controls International's revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.78 EPS. On average, research analysts predict that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

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

Insider Activity

In other Johnson Controls International news, VP Nathan D. Manning sold 1,422 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $79.72, for a total value of $113,361.84. Following the sale, the vice president now directly owns 145,502 shares in the company, valued at $11,599,419.44. This represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Marc Vandiepenbeeck sold 28,289 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $90.92, for a total value of $2,572,035.88. Following the transaction, the chief financial officer now owns 147,673 shares of the company's stock, valued at $13,426,429.16. This represents a 16.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 331,133 shares of company stock worth $27,845,646. 0.54% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on JCI. Melius cut shares of Johnson Controls International from a "buy" rating to a "hold" rating and set a $95.00 price objective for the company. in a report on Tuesday, January 28th. Wells Fargo & Company increased their price objective on Johnson Controls International from $82.00 to $100.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. boosted their target price on Johnson Controls International from $81.00 to $98.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Deutsche Bank Aktiengesellschaft raised Johnson Controls International from a "hold" rating to a "buy" rating and upped their target price for the stock from $101.00 to $112.00 in a research report on Monday, May 12th. Finally, Melius Research restated a "hold" rating and issued a $95.00 price objective on shares of Johnson Controls International in a research note on Tuesday, January 28th. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $96.12.

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.