Public Employees Retirement System of Ohio Decreases Position in Johnson Controls International plc $JCI

Public Employees Retirement System of Ohio decreased its position in Johnson Controls International plc (NYSE:JCI) by 8.9% during the 1st quarter, Holdings Channel reports. The firm owned 270,980 shares of the company’s stock after selling 26,538 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Johnson Controls International were worth $35,485,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. State Street Corp boosted its position in shares of Johnson Controls International by 0.6% in the 3rd quarter. State Street Corp now owns 28,684,645 shares of the company’s stock worth $3,165,286,000 after buying an additional 163,167 shares in the last quarter. Franklin Resources Inc. increased its holdings in Johnson Controls International by 3.3% during the 4th quarter. Franklin Resources Inc. now owns 22,655,105 shares of the company’s stock valued at $2,712,949,000 after acquiring an additional 718,245 shares in the last quarter. Fisher Asset Management LLC increased its holdings in Johnson Controls International by 1.7% during the 4th quarter. Fisher Asset Management LLC now owns 17,239,953 shares of the company’s stock valued at $2,064,485,000 after acquiring an additional 280,704 shares in the last quarter. Invesco Ltd. raised 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 acquiring an additional 1,837,220 shares during the last quarter. Finally, Norges Bank acquired a new position in Johnson Controls International during the fourth quarter worth about $927,739,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. BNP Paribas Exane started coverage on shares of Johnson Controls International in a report on Tuesday, April 14th. They issued an “underperform” rating and a $120.00 price target on the stock. Oppenheimer reissued a “market perform” rating on shares of Johnson Controls International in a research note on Tuesday, June 2nd. The Goldman Sachs Group lifted their price objective on Johnson Controls International from $169.00 to $178.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Zacks Research raised Johnson Controls International from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. Finally, UBS Group upped their target price on Johnson Controls International from $170.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $152.85.

Johnson Controls International Trading Up 0.0%

Shares of JCI stock opened at $143.35 on Friday. The company has a market capitalization of $87.46 billion, a price-to-earnings ratio of 25.64, a PEG ratio of 1.54 and a beta of 1.31. The company has a current ratio of 1.04, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64. The firm has a 50-day moving average price of $141.84 and a 200 day moving average price of $136.02. Johnson Controls International plc has a twelve month low of $102.09 and a twelve month high of $151.18.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Tuesday, March 31st. The company reported $1.19 earnings per share (EPS) for the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. The company had revenue of $6.14 billion for the quarter. Research analysts forecast that Johnson Controls International plc will post 4.9 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 15th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Johnson Controls International’s dividend payout ratio is presently 28.62%.

Insider Activity at Johnson Controls International

In related news, VP Todd M. Grabowski sold 1,800 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total transaction of $263,160.00. Following the sale, the vice president owned 26,215 shares in the company, valued at approximately $3,832,633. This trade represents a 6.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Lei Zhang Schlitz sold 88,809 shares of Johnson Controls International stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $140.99, for a total transaction of $12,521,180.91. Following the completion of the sale, the vice president directly owned 57,059 shares of the company’s stock, valued at $8,044,748.41. The trade was a 60.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.29% of the company’s stock.

Johnson Controls International 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.