State Street Corp Has $4.14 Billion Position in Johnson Controls International plc $JCI

State Street Corp boosted its stake in shares of Johnson Controls International plc (NYSE:JCI) by 2.2% during the second quarter, Holdings Channel.com reports. The fund owned 28,283,873 shares of the company’s stock after acquiring an additional 621,319 shares during the period. State Street Corp’s holdings in Johnson Controls International were worth $4,143,674,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Johnson Controls International during the 4th quarter worth $927,739,000. Amundi raised its stake in Johnson Controls International by 157.2% in the first quarter. Amundi now owns 5,965,212 shares of the company’s stock valued at $781,145,000 after purchasing an additional 3,646,047 shares in the last quarter. Invesco Ltd. lifted its position in Johnson Controls International by 13.0% during the fourth quarter. Invesco Ltd. now owns 16,003,486 shares of the company’s stock worth $1,916,417,000 after purchasing an additional 1,837,220 shares during the period. Balyasny Asset Management L.P. increased its holdings in Johnson Controls International by 93,932.4% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,809,184 shares of the company’s stock valued at $216,650,000 after buying an additional 1,807,260 shares during the period. Finally, Hsbc Holdings PLC increased its holdings in Johnson Controls International by 702.5% in the 1st quarter. Hsbc Holdings PLC now owns 1,962,770 shares of the company’s stock valued at $256,820,000 after buying an additional 1,718,179 shares during the period. 90.05% of the stock is owned by institutional investors and hedge funds.

Johnson Controls International Trading Up 0.3%

Shares of NYSE:JCI traded up $0.48 during mid-day trading on Tuesday, reaching $145.66. 572,884 shares of the company’s stock were exchanged, compared to its average volume of 4,204,313. The firm has a market capitalization of $88.23 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 1.38 and a beta of 1.29. The business’s fifty day moving average price is $144.84 and its 200-day moving average price is $141.30. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.83 and a current ratio of 1.00. Johnson Controls International plc has a twelve month low of $104.49 and a twelve month high of $157.06.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.12. The business had revenue of $6.61 billion during the quarter, compared to the consensus estimate of $6.46 billion. Johnson Controls International had a return on equity of 22.11% and a net margin of 14.32%.Johnson Controls International’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.05 earnings per share. On average, research analysts predict that Johnson Controls International plc will post 5.08 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Monday, September 21st will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Johnson Controls International’s dividend payout ratio is presently 27.83%.

Insider Buying and Selling at Johnson Controls International

In other news, VP Lei Schlitz sold 23,417 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the completion of the transaction, the vice president directly owned 15,017 shares in the company, valued at $2,298,652.19. This trade represents a 60.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on JCI. Morgan Stanley upped their price target on shares of Johnson Controls International from $175.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, September 2nd. Sanford C. Bernstein boosted their price objective on shares of Johnson Controls International from $173.00 to $190.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Wolfe Research restated an “outperform” rating and set a $171.00 target price on shares of Johnson Controls International in a research note on Wednesday, June 3rd. Oppenheimer reiterated a “market perform” rating on shares of Johnson Controls International in a research note on Tuesday, June 2nd. Finally, Argus set a $175.00 price target on Johnson Controls International in a report on Friday, August 7th. Twelve research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $155.75.

Johnson Controls International Company Profile

Johnson Controls International plc (NYSE:JCI) is a global company focused on building technologies and solutions that improve the efficiency, safety and sustainability of buildings. Its offerings include heating, ventilation and air-conditioning systems, building automation and controls, fire detection and suppression equipment, security systems, and related digital technologies and services.

The company serves commercial, institutional, industrial and residential customers, helping organizations manage building operations, energy use, indoor air quality and physical security.