Retirement Systems of Alabama Sells 17,572 Shares of Johnson Controls International plc (NYSE:JCI)

Retirement Systems of Alabama trimmed its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 628,817 shares of the company's stock after selling 17,572 shares during the quarter. Retirement Systems of Alabama owned 0.09% of Johnson Controls International worth $36,245,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC acquired a new stake in Johnson Controls International in the fourth quarter valued at $25,000. NBC Securities Inc. purchased a new stake in Johnson Controls International during the third quarter worth $26,000. Headinvest LLC acquired a new stake in Johnson Controls International in the third quarter valued at $30,000. West Paces Advisors Inc. purchased a new position in shares of Johnson Controls International in the third quarter valued at $31,000. Finally, Bruce G. Allen Investments LLC acquired a new position in shares of Johnson Controls International during the 4th quarter worth $36,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

JCI has been the topic of a number of research reports. Mizuho cut shares of Johnson Controls International from a "buy" rating to a "neutral" rating and set a $62.00 price objective on the stock. in a research note on Friday, February 23rd. Oppenheimer upped their target price on Johnson Controls International from $66.00 to $71.00 and gave the company an "outperform" rating in a research note on Thursday, April 18th. HSBC lowered shares of Johnson Controls International from a "buy" rating to a "hold" rating and set a $60.00 price objective on the stock. in a report on Wednesday, January 31st. Royal Bank of Canada dropped their price target on shares of Johnson Controls International from $50.00 to $48.00 and set an "underperform" rating for the company in a research report on Wednesday, January 31st. Finally, StockNews.com lowered shares of Johnson Controls International from a "buy" rating to a "hold" rating in a report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $64.50.

Johnson Controls International Stock Up 0.3 %

Shares of NYSE JCI traded up $0.20 on Monday, hitting $65.31. The company had a trading volume of 5,015,567 shares, compared to its average volume of 5,537,009. The firm has a market capitalization of $44.51 billion, a P/E ratio of 21.27, a PEG ratio of 1.63 and a beta of 1.24. The company has a quick ratio of 0.73, a current ratio of 0.97 and a debt-to-equity ratio of 0.45. Johnson Controls International plc has a 12-month low of $47.90 and a 12-month high of $70.43. The business has a 50 day moving average of $62.96 and a two-hundred day moving average of $57.01.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its quarterly earnings results on Tuesday, January 30th. The company reported $0.51 earnings per share for the quarter, hitting analysts' consensus estimates of $0.51. The firm had revenue of $6.09 billion during the quarter, compared to analysts' expectations of $6.94 billion. Johnson Controls International had a return on equity of 13.08% and a net margin of 7.85%. Johnson Controls International's quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.67 EPS. As a group, equities research analysts forecast that Johnson Controls International plc will post 3.61 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Monday, March 25th were issued a $0.37 dividend. The ex-dividend date was Friday, March 22nd. This represents a $1.48 dividend on an annualized basis and a yield of 2.27%. Johnson Controls International's dividend payout ratio is currently 48.21%.

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.