Strs Ohio Decreases Position in Johnson Controls International plc (NYSE:JCI)

Strs Ohio trimmed its stake in shares of Johnson Controls International plc (NYSE:JCI) by 18.4% in the 4th quarter, HoldingsChannel reports. The firm owned 178,339 shares of the company’s stock after selling 40,088 shares during the period. Strs Ohio’s holdings in Johnson Controls International were worth $10,279,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of JCI. Raymond James Trust N.A. raised its holdings in Johnson Controls International by 3.1% in the first quarter. Raymond James Trust N.A. now owns 13,142 shares of the company’s stock valued at $862,000 after acquiring an additional 401 shares in the last quarter. Synovus Financial Corp increased its position in shares of Johnson Controls International by 3.6% in the 1st quarter. Synovus Financial Corp now owns 12,080 shares of the company’s stock valued at $786,000 after purchasing an additional 425 shares during the last quarter. Baird Financial Group Inc. raised its holdings in shares of Johnson Controls International by 0.7% in the 1st quarter. Baird Financial Group Inc. now owns 70,039 shares of the company’s stock valued at $4,593,000 after purchasing an additional 461 shares in the last quarter. Brown Brothers Harriman & Co. lifted its position in shares of Johnson Controls International by 23.0% during the 1st quarter. Brown Brothers Harriman & Co. now owns 7,581 shares of the company’s stock worth $497,000 after purchasing an additional 1,418 shares during the last quarter. Finally, Mackenzie Financial Corp grew its stake in shares of Johnson Controls International by 3.5% during the first quarter. Mackenzie Financial Corp now owns 371,039 shares of the company’s stock worth $24,329,000 after purchasing an additional 12,648 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Analysts Set New Price Targets

JCI has been the topic of a number of analyst reports. HSBC cut Johnson Controls International from a “buy” rating to a “hold” rating and set a $60.00 price target on the stock. in a research note on Wednesday, January 31st. Royal Bank of Canada cut their target price on Johnson Controls International from $50.00 to $48.00 and set an “underperform” rating on the stock in a research report on Wednesday, January 31st. Argus lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Tuesday, February 20th. Mizuho cut shares of Johnson Controls International from a “buy” rating to a “neutral” rating and set a $62.00 price objective on the stock. in a report on Friday, February 23rd. Finally, Melius Research restated a “hold” rating on shares of Johnson Controls International in a report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $64.08.

Johnson Controls International Stock Performance

NYSE JCI opened at $63.69 on Thursday. The business’s 50-day moving average price is $61.61 and its 200 day moving average price is $56.29. The company has a quick ratio of 0.73, a current ratio of 0.97 and a debt-to-equity ratio of 0.45. The firm has a market cap of $43.40 billion, a P/E ratio of 20.75, a P/E/G ratio of 1.61 and a beta of 1.24. Johnson Controls International plc has a 52-week low of $47.90 and a 52-week high of $70.43.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Tuesday, January 30th. The company reported $0.51 earnings per share for the quarter, meeting the consensus estimate of $0.51. Johnson Controls International had a return on equity of 13.08% and a net margin of 7.85%. The company had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.94 billion. During the same period last year, the business posted $0.67 EPS. The company’s revenue was up .4% on a year-over-year basis. On average, equities research analysts expect that Johnson Controls International plc will post 3.61 earnings per share for the current year.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Monday, March 25th will be given a dividend of $0.37 per share. The ex-dividend date is Friday, March 22nd. This represents a $1.48 dividend on an annualized basis and a yield of 2.32%. Johnson Controls International’s payout ratio is currently 48.21%.

Johnson Controls International 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.