New York State Teachers Retirement System Increases Holdings in Johnson Controls International plc $JCI

New York State Teachers Retirement System increased its position in Johnson Controls International plc (NYSE:JCI) by 1.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 464,429 shares of the company’s stock after acquiring an additional 7,978 shares during the period. New York State Teachers Retirement System’s holdings in Johnson Controls International were worth $60,817,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Nordea Investment Management AB lifted its holdings in shares of Johnson Controls International by 6.7% in the fourth quarter. Nordea Investment Management AB now owns 2,276,753 shares of the company’s stock valued at $274,235,000 after purchasing an additional 142,429 shares in the last quarter. Kepler Cheuvreux Suisse SA purchased a new position in shares of Johnson Controls International during the 3rd quarter worth approximately $2,345,000. First Trust Advisors LP increased its stake in shares of Johnson Controls International by 23.3% during the 3rd quarter. First Trust Advisors LP now owns 3,519,724 shares of the company’s stock worth $386,994,000 after purchasing an additional 665,782 shares in the last quarter. Clear Trail Advisors LLC acquired a new position in shares of Johnson Controls International during the 4th quarter worth approximately $5,104,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Johnson Controls International by 14.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 112,411 shares of the company’s stock worth $13,461,000 after purchasing an additional 14,446 shares during the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on JCI shares. Evercore initiated coverage on Johnson Controls International in a research note on Monday, April 13th. They issued a “hold” rating and a $155.00 target price on the stock. Citigroup raised their price target on Johnson Controls International from $150.00 to $155.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Wells Fargo & Company boosted their price target on Johnson Controls International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Wall Street Zen upgraded Johnson Controls International from a “hold” rating to a “buy” rating in a research report on Sunday, May 3rd. Finally, Jefferies Financial Group increased their price objective on Johnson Controls International from $125.00 to $135.00 and gave the company a “hold” rating in a research note on Wednesday, April 15th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $152.85.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, VP Todd M. Grabowski sold 1,800 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total value of $263,160.00. Following the sale, the vice president directly owned 26,215 shares of the company’s stock, valued at approximately $3,832,633. This trade represents a 6.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Lei Zhang Schlitz sold 88,809 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $140.99, for a total value of $12,521,180.91. Following the completion of the sale, the vice president directly owned 57,059 shares in the company, valued at approximately $8,044,748.41. The trade was a 60.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.29% of the company’s stock.

Johnson Controls International Stock Up 0.0%

Shares of NYSE JCI opened at $140.79 on Friday. The firm has a market cap of $85.90 billion, a P/E ratio of 25.19, a price-to-earnings-growth ratio of 1.51 and a beta of 1.31. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.85 and a current ratio of 1.04. Johnson Controls International plc has a 1 year low of $102.09 and a 1 year high of $151.18. The firm’s 50 day moving average price is $141.99 and its 200 day moving average price is $133.70.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $1.19 earnings per share for the quarter. The company had revenue of $6.14 billion during the quarter. Johnson Controls International had a return on equity of 19.50% and a net margin of 14.45%. As a group, sell-side analysts anticipate that Johnson Controls International plc will post 4.9 earnings per share for the current year.

Johnson Controls International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 15th will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Johnson Controls International’s payout ratio is currently 28.62%.

About Johnson Controls International

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.