Johnson Controls International plc (NYSE:JCI) Shares Sold by Shelton Capital Management

Shelton Capital Management reduced its position in shares of Johnson Controls International plc (NYSE:JCI) by 27.6% in the 4th quarter, HoldingsChannel reports. The firm owned 139,458 shares of the company’s stock after selling 53,288 shares during the period. Shelton Capital Management’s holdings in Johnson Controls International were worth $11,007,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Johnson Controls International by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 68,156,110 shares of the company’s stock worth $5,379,562,000 after buying an additional 179,743 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Johnson Controls International by 6.0% during the 4th quarter. Franklin Resources Inc. now owns 23,344,374 shares of the company’s stock worth $1,842,571,000 after purchasing an additional 1,325,500 shares during the last quarter. Invesco Ltd. raised its position in shares of Johnson Controls International by 13.2% during the 4th quarter. Invesco Ltd. now owns 18,407,597 shares of the company’s stock worth $1,452,912,000 after purchasing an additional 2,150,573 shares during the last quarter. Fisher Asset Management LLC grew its holdings in Johnson Controls International by 2.9% during the 4th quarter. Fisher Asset Management LLC now owns 15,743,019 shares of the company’s stock valued at $1,242,597,000 after buying an additional 447,513 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Johnson Controls International by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 13,818,777 shares of the company’s stock worth $1,087,670,000 after buying an additional 343,517 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Johnson Controls International Trading Up 0.3 %

NYSE JCI opened at $71.92 on Tuesday. The firm has a market capitalization of $47.47 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 1.96 and a beta of 1.22. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02. Johnson Controls International plc has a one year low of $59.83 and a one year high of $91.14. The company’s 50 day moving average price is $82.53 and its 200 day moving average price is $80.85.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. On average, sell-side analysts predict that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 24th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Monday, March 24th. Johnson Controls International’s payout ratio is 56.49%.

Analysts Set New Price Targets

A number of research firms recently commented on JCI. Barclays decreased their price objective on Johnson Controls International from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Monday, March 10th. UBS Group raised shares of Johnson Controls International from a “neutral” rating to a “buy” rating and raised their price target for the stock from $90.00 to $103.00 in a research note on Monday, February 10th. Citigroup cut their price objective on shares of Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a research report on Monday, January 13th. Royal Bank of Canada raised their target price on shares of Johnson Controls International from $86.00 to $93.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 6th. Finally, Morgan Stanley boosted their price target on Johnson Controls International from $95.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.27.

Insider Buying and Selling

In related news, VP Daniel C. Mcconeghy sold 1,950 shares of the stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $87.73, for a total value of $171,073.50. Following the completion of the transaction, the vice president now owns 24,803 shares of the company’s stock, valued at approximately $2,175,967.19. This represents a 7.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Nathan D. Manning sold 1,421 shares of Johnson Controls International stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $76.44, for a total value of $108,621.24. Following the sale, the vice president now owns 148,346 shares in the company, valued at $11,339,568.24. This represents a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 907,286 shares of company stock valued at $77,938,071 in the last quarter. Company insiders own 0.54% of the company’s stock.

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.