Johnson Controls International plc $JCI Shares Sold by National Pension Service

National Pension Service lowered its stake in Johnson Controls International plc (NYSE:JCIFree Report) by 0.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 2,087,747 shares of the company’s stock after selling 12,285 shares during the period. National Pension Service owned 0.34% of Johnson Controls International worth $305,041,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. California State Teachers Retirement System increased its holdings in Johnson Controls International by 13,757.3% in the second quarter. California State Teachers Retirement System now owns 135,035,593 shares of the company’s stock valued at $19,730,050,000 after buying an additional 134,061,119 shares during the last quarter. State Street Corp grew 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 acquiring an additional 163,167 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Johnson Controls International by 3.3% in the 4th quarter. Franklin Resources Inc. now owns 22,655,105 shares of the company’s stock worth $2,712,949,000 after acquiring an additional 718,245 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of Johnson Controls International by 1.7% in 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 during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Johnson Controls International by 13.0% in the 4th quarter. Invesco Ltd. now owns 16,003,486 shares of the company’s stock valued at $1,916,417,000 after acquiring an additional 1,837,220 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Wall Street Analyst Weigh In

JCI has been the topic of several research analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Johnson Controls International in a research note on Friday, September 4th. The Goldman Sachs Group increased their target price on shares of Johnson Controls International from $169.00 to $178.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Royal Bank Of Canada raised their price target on shares of Johnson Controls International from $154.00 to $161.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 30th. Wall Street Zen lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Sanford C. Bernstein increased their price objective on shares of Johnson Controls International from $173.00 to $190.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Twelve equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Johnson Controls International currently has a consensus rating of “Hold” and a consensus target price of $155.75.

View Our Latest Analysis on Johnson Controls International

Johnson Controls International Price Performance

Shares of NYSE JCI opened at $145.10 on Thursday. Johnson Controls International plc has a 1-year low of $104.49 and a 1-year high of $157.06. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.00 and a quick ratio of 0.83. The business’s fifty day moving average price is $144.77 and its two-hundred day moving average price is $141.38. The firm has a market capitalization of $87.89 billion, a PE ratio of 25.24, a P/E/G ratio of 1.41 and a beta of 1.29.

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

Johnson Controls International Announces Dividend

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

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, VP Lei Schlitz sold 23,417 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $153.07, for a total value of $3,584,440.19. Following the completion of the transaction, the vice president owned 15,017 shares in the company, valued at approximately $2,298,652.19. This represents a 60.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.29% of the stock is owned by insiders.

About Johnson Controls International

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Johnson Controls International (NYSE:JCI)

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