Strs Ohio reduced its holdings in Johnson Controls International plc (NYSE:JCI – Free Report) by 13.6% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 155,628 shares of the company’s stock after selling 24,555 shares during the quarter. Strs Ohio’s holdings in Johnson Controls International were worth $17,111,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new position in shares of Johnson Controls International in the second quarter worth approximately $28,000. MTM Investment Management LLC bought a new stake in Johnson Controls International during the second quarter valued at approximately $32,000. Elevation Point Wealth Partners LLC purchased a new position in Johnson Controls International in the 2nd quarter worth approximately $34,000. Hilltop National Bank purchased a new position in Johnson Controls International in the 2nd quarter worth approximately $35,000. Finally, NewSquare Capital LLC increased its holdings in shares of Johnson Controls International by 88.1% in the 2nd quarter. NewSquare Capital LLC now owns 380 shares of the company’s stock worth $40,000 after buying an additional 178 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.
Johnson Controls International Stock Down 0.8%
Shares of NYSE:JCI opened at $113.57 on Friday. The stock has a market capitalization of $69.52 billion, a P/E ratio of 22.31, a price-to-earnings-growth ratio of 1.37 and a beta of 1.41. The stock’s 50-day moving average price is $116.14 and its 200-day moving average price is $111.53. The company has a current ratio of 0.93, a quick ratio of 0.76 and a debt-to-equity ratio of 0.66. Johnson Controls International plc has a 12-month low of $68.03 and a 12-month high of $124.07.
Johnson Controls International Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Monday, December 22nd were issued a $0.40 dividend. The ex-dividend date was Monday, December 22nd. This represents a $1.60 annualized dividend and a dividend yield of 1.4%. Johnson Controls International’s dividend payout ratio (DPR) is currently 31.43%.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on JCI. Mizuho lifted their price objective on shares of Johnson Controls International from $105.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Royal Bank Of Canada raised their price target on Johnson Controls International from $116.00 to $135.00 and gave the company a “sector perform” rating in a research report on Thursday, November 6th. Morgan Stanley upped their price objective on Johnson Controls International from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. Hsbc Global Res upgraded Johnson Controls International to a “hold” rating in a research report on Monday, November 24th. Finally, UBS Group reissued a “buy” rating and set a $124.00 price objective on shares of Johnson Controls International in a report on Thursday, November 6th. Eleven analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, Johnson Controls International presently has an average rating of “Moderate Buy” and a consensus target price of $126.11.
Insider Activity at Johnson Controls International
In related news, VP Lei Zhang Schlitz sold 32,031 shares of the company’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $113.20, for a total transaction of $3,625,909.20. Following the completion of the sale, the vice president directly owned 66,780 shares in the company, valued at $7,559,496. This represents a 32.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.54% of the stock is currently owned by insiders.
Johnson Controls International Company Profile
Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.
Johnson Controls’ product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.
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