Johnson Controls International plc (NYSE:JCI) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its stake in shares of Johnson Controls International plc (NYSE:JCI) by 9.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 752,515 shares of the company’s stock after selling 79,938 shares during the period. Principal Financial Group Inc. owned about 0.11% of Johnson Controls International worth $58,403,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Fortitude Family Office LLC boosted its holdings in Johnson Controls International by 195.8% in the 3rd quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock worth $33,000 after buying an additional 278 shares during the last quarter. Wolff Wiese Magana LLC boosted its stake in shares of Johnson Controls International by 977.3% in the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock worth $37,000 after acquiring an additional 430 shares during the last quarter. Western Pacific Wealth Management LP purchased a new stake in shares of Johnson Controls International during the third quarter worth approximately $44,000. Larson Financial Group LLC raised its stake in Johnson Controls International by 169.3% in the 3rd quarter. Larson Financial Group LLC now owns 738 shares of the company’s stock valued at $57,000 after purchasing an additional 464 shares during the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in Johnson Controls International in the 3rd quarter valued at $61,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Johnson Controls International Price Performance

Johnson Controls International stock opened at $80.64 on Monday. The company’s 50 day simple moving average is $81.00 and its 200-day simple moving average is $74.21. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94. Johnson Controls International plc has a 1 year low of $51.71 and a 1 year high of $87.16. The company has a market capitalization of $53.40 billion, a price-to-earnings ratio of 31.75, a price-to-earnings-growth ratio of 2.31 and a beta of 1.31.

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Monday, December 23rd will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.84%. Johnson Controls International’s dividend payout ratio is currently 58.27%.

Insider Activity

In other Johnson Controls International news, CEO George Oliver sold 224,152 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $82.72, for a total value of $18,541,853.44. Following the completion of the transaction, the chief executive officer now owns 1,166,992 shares in the company, valued at $96,533,578.24. The trade was a 16.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Nathan D. Manning sold 3,000 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $77.08, for a total value of $231,240.00. Following the completion of the sale, the chief operating officer now owns 140,488 shares in the company, valued at approximately $10,828,815.04. The trade was a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 761,588 shares of company stock valued at $62,711,800. 0.69% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

JCI has been the subject of a number of research reports. Argus raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a report on Friday. StockNews.com downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Bank of America boosted their target price on Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Wells Fargo & Company increased their price target on Johnson Controls International from $84.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada boosted their price objective on Johnson Controls International from $81.00 to $86.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 7th. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $80.93.

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.