Commonwealth of Pennsylvania Public School Empls Retrmt SYS Cuts Stock Holdings in Johnson Controls International plc $JCI

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 9.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 142,154 shares of the company’s stock after selling 14,988 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Johnson Controls International were worth $17,023,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Regents Gate Capital LLP grew its position in shares of Johnson Controls International by 17.4% in the 3rd quarter. Regents Gate Capital LLP now owns 86,144 shares of the company’s stock worth $9,472,000 after buying an additional 12,774 shares during the last quarter. Bright Futures Wealth Management LLC. purchased a new position in shares of Johnson Controls International in the 3rd quarter worth approximately $583,000. Elo Mutual Pension Insurance Co grew its position in shares of Johnson Controls International by 23.7% in the 3rd quarter. Elo Mutual Pension Insurance Co now owns 75,021 shares of the company’s stock worth $8,249,000 after buying an additional 14,354 shares during the last quarter. Nordea Investment Management AB grew its position in shares of Johnson Controls International by 6.7% in the 4th quarter. Nordea Investment Management AB now owns 2,276,753 shares of the company’s stock worth $274,235,000 after buying an additional 142,429 shares during the last quarter. Finally, Caprock Group LLC purchased a new position in shares of Johnson Controls International in the 3rd quarter worth approximately $3,828,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Insider Activity

In related news, VP Lei Zhang Schlitz sold 88,809 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $140.99, for a total value of $12,521,180.91. Following the completion of the transaction, the vice president directly owned 57,059 shares in the company, valued at $8,044,748.41. The trade was a 60.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.29% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group lifted their price objective on shares of Johnson Controls International from $154.00 to $158.00 and gave the stock a “buy” rating in a research report on Tuesday, April 7th. Barclays lifted their price objective on shares of Johnson Controls International from $136.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Wells Fargo & Company lifted their price objective on shares of Johnson Controls International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. HSBC lifted their price objective on shares of Johnson Controls International from $127.00 to $136.00 in a research report on Thursday, May 7th. Finally, UBS Group lifted their price objective on shares of Johnson Controls International from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Eleven research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Johnson Controls International currently has a consensus rating of “Hold” and a consensus target price of $147.63.

Johnson Controls International Stock Down 0.0%

JCI stock opened at $134.05 on Monday. The firm has a 50 day moving average of $138.21 and a 200 day moving average of $128.97. The stock has a market capitalization of $81.78 billion, a PE ratio of 23.98, a price-to-earnings-growth ratio of 1.45 and a beta of 1.33. The company has a quick ratio of 0.85, a current ratio of 1.04 and a debt-to-equity ratio of 0.64. Johnson Controls International plc has a 52 week low of $99.11 and a 52 week high of $147.32.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $1.19 EPS for the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. The business had revenue of $6.14 billion during the quarter. Sell-side analysts forecast that Johnson Controls International plc will post 4.86 earnings per share for the current year.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Monday, March 16th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Monday, March 16th. Johnson Controls International’s payout ratio is currently 28.62%.

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.