Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 3,380 Shares of Johnson Controls International plc (NYSE:JCI)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 2.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 142,040 shares of the company's stock after selling 3,380 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Johnson Controls International were worth $11,211,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its stake in Johnson Controls International by 1.1% in the 3rd quarter. State Street Corp now owns 27,939,766 shares of the company's stock valued at $2,178,595,000 after acquiring an additional 300,712 shares during the period. Fisher Asset Management LLC increased its stake in shares of Johnson Controls International by 2.9% in the fourth quarter. Fisher Asset Management LLC now owns 15,743,019 shares of the company's stock worth $1,242,597,000 after purchasing an additional 447,513 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Johnson Controls International by 0.5% in the third quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company's stock valued at $1,041,822,000 after purchasing an additional 71,493 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Johnson Controls International during the 4th quarter valued at approximately $568,309,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Johnson Controls International by 514.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company's stock worth $418,439,000 after buying an additional 4,514,792 shares during the period. Hedge funds and other institutional investors own 90.05% of the company's stock.

Remove Ads

Johnson Controls International Price Performance

Shares of JCI traded down $0.25 during midday trading on Tuesday, reaching $84.27. The stock had a trading volume of 3,086,262 shares, compared to its average volume of 4,171,447. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $55.63 billion, a price-to-earnings ratio of 32.16, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32. The company's 50-day moving average is $82.88 and its 200 day moving average is $80.40. Johnson Controls International plc has a 12-month low of $59.83 and a 12-month high of $91.14.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. On average, equities analysts predict that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 24th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a $1.48 annualized dividend and a yield of 1.76%. Johnson Controls International's payout ratio is 56.49%.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, CEO George Oliver sold 205,168 shares of the firm's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $88.03, for a total value of $18,060,939.04. Following the sale, the chief executive officer now owns 1,260,527 shares of the company's stock, valued at $110,964,191.81. This trade represents a 14.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Nathan D. Manning sold 1,421 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $76.44, for a total transaction of $108,621.24. Following the completion of the transaction, the vice president now owns 148,346 shares in the company, valued at $11,339,568.24. The trade was a 0.95 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 905,864 shares of company stock worth $77,824,710. Company insiders own 0.54% of the company's stock.

Analysts Set New Price Targets

JCI has been the topic of a number of analyst reports. Melius cut shares of Johnson Controls International from a "buy" rating to a "hold" rating and set a $95.00 target price on the stock. in a report on Tuesday, January 28th. Barclays dropped their price objective on Johnson Controls International from $88.00 to $85.00 and set an "equal weight" rating on the stock in a report on Monday, March 10th. Melius Research reaffirmed a "hold" rating and set a $95.00 target price on shares of Johnson Controls International in a report on Tuesday, January 28th. JPMorgan Chase & Co. upped their price target on Johnson Controls International from $87.00 to $100.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Finally, Citigroup cut their price objective on shares of Johnson Controls International from $85.00 to $84.00 and set a "neutral" rating for the company in a research report on Monday, January 13th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Johnson Controls International presently has an average rating of "Moderate Buy" and an average price target of $91.27.

Johnson Controls International Company Profile

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.