South Dakota Investment Council Decreases Position in Johnson Controls International plc $JCI

South Dakota Investment Council lessened its holdings in Johnson Controls International plc (NYSE:JCI) by 67.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,900 shares of the company’s stock after selling 5,900 shares during the period. South Dakota Investment Council’s holdings in Johnson Controls International were worth $306,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Truvestments Capital LLC raised its holdings in shares of Johnson Controls International by 425.0% in the 1st quarter. Truvestments Capital LLC now owns 315 shares of the company’s stock valued at $25,000 after purchasing an additional 255 shares in the last quarter. Accent Capital Management LLC acquired a new stake in shares of Johnson Controls International in the 1st quarter valued at $26,000. Cornerstone Planning Group LLC raised its holdings in shares of Johnson Controls International by 74.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 363 shares of the company’s stock valued at $28,000 after purchasing an additional 155 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Johnson Controls International in the 2nd quarter valued at $28,000. Finally, Activest Wealth Management raised its holdings in shares of Johnson Controls International by 56.4% in the 1st quarter. Activest Wealth Management now owns 369 shares of the company’s stock valued at $30,000 after purchasing an additional 133 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on JCI shares. Citigroup raised their price objective on shares of Johnson Controls International from $112.00 to $119.00 and gave the company a “neutral” rating in a report on Thursday, October 9th. The Goldman Sachs Group raised their price objective on shares of Johnson Controls International from $119.00 to $124.00 and gave the company a “buy” rating in a report on Monday, September 15th. Robert W. Baird raised their price objective on shares of Johnson Controls International from $110.00 to $115.00 and gave the company a “neutral” rating in a report on Tuesday, October 14th. Barclays raised their price objective on shares of Johnson Controls International from $100.00 to $101.00 and gave the company an “equal weight” rating in a report on Wednesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Johnson Controls International from $124.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Ten equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $113.41.

Johnson Controls International Price Performance

Shares of NYSE:JCI opened at $110.80 on Wednesday. The company’s fifty day moving average price is $108.82 and its 200 day moving average price is $103.61. Johnson Controls International plc has a 12 month low of $68.03 and a 12 month high of $116.48. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.96 and a quick ratio of 0.81. The firm has a market capitalization of $72.51 billion, a P/E ratio of 32.88, a P/E/G ratio of 1.70 and a beta of 1.33.

Johnson Controls International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Monday, September 22nd were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Monday, September 22nd. This is an increase from Johnson Controls International’s previous quarterly dividend of $0.37. Johnson Controls International’s payout ratio is 47.48%.

Insiders Place Their Bets

In other Johnson Controls International news, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $105.06, for a total value of $149,395.32. Following the transaction, the vice president directly owned 139,459 shares in the company, valued at approximately $14,651,562.54. The trade was a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Daniel C. Mcconeghy sold 5,917 shares of Johnson Controls International stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $105.73, for a total transaction of $625,604.41. Following the completion of the transaction, the vice president owned 25,005 shares in the company, valued at approximately $2,643,778.65. This represents a 19.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.54% of the company’s stock.

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.