The Manufacturers Life Insurance Company Reduces Holdings in Johnson Controls International plc $JCI

The Manufacturers Life Insurance Company lowered its position in Johnson Controls International plc (NYSE:JCI) by 4.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 309,691 shares of the company’s stock after selling 14,229 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Johnson Controls International were worth $45,249,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. California State Teachers Retirement System lifted its stake in shares of 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 worth $19,730,050,000 after acquiring an additional 134,061,119 shares in the last quarter. State Street Corp grew its stake in Johnson Controls International by 0.6% during the 3rd quarter. State Street Corp now owns 28,684,645 shares of the company’s stock valued at $3,165,286,000 after purchasing an additional 163,167 shares in the last quarter. Franklin Resources Inc. grew its stake 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 purchasing 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 worth $2,064,485,000 after purchasing an additional 280,704 shares during the last quarter. Finally, Invesco Ltd. raised its position 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 purchasing an additional 1,837,220 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Controls International Stock Up 2.3%

Shares of NYSE:JCI opened at $146.12 on Friday. The stock has a market capitalization of $88.51 billion, a price-to-earnings ratio of 25.41, a price-to-earnings-growth ratio of 1.37 and a beta of 1.29. Johnson Controls International plc has a 1-year low of $104.49 and a 1-year high of $157.06. The company’s fifty day moving average is $144.92 and its two-hundred day moving average is $141.41. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.83 and a current ratio of 1.00.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.12. Johnson Controls International had a return on equity of 22.11% and a net margin of 14.32%.The business had revenue of $6.61 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter last year, the business posted $1.05 EPS. The business’s revenue was up 9.3% on a year-over-year basis. Equities analysts anticipate that Johnson Controls International plc will post 5.08 EPS for the current year.

Johnson Controls International Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Johnson Controls International in a report on Friday, September 4th. Royal Bank Of Canada raised their price objective on shares of Johnson Controls International from $154.00 to $161.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. Wolfe Research reissued an “outperform” rating and issued a $171.00 target price on shares of Johnson Controls International in a research report on Wednesday, June 3rd. Finally, Zacks Research downgraded shares of Johnson Controls International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. Twelve research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Johnson Controls International currently has a consensus rating of “Hold” and an average target price of $155.75.

Insider Activity at Johnson Controls International

In other 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 transaction 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.29% of the company’s stock.

About Johnson Controls International

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.