Public Employees Retirement System of Ohio Takes Position in Johnson Controls International plc $JCI

Public Employees Retirement System of Ohio purchased a new stake in Johnson Controls International plc (NYSE:JCI) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 255,218 shares of the company’s stock, valued at approximately $37,290,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Mcguire Capital Advisors Inc. acquired a new position in shares of Johnson Controls International during the 4th quarter valued at about $27,000. Twin Tree Management LP raised its stake in Johnson Controls International by 140.9% during the fourth quarter. Twin Tree Management LP now owns 260 shares of the company’s stock worth $31,000 after purchasing an additional 895 shares during the period. Fourth Dimension Wealth LLC raised its stake in Johnson Controls International by 51.3% during the second quarter. Fourth Dimension Wealth LLC now owns 230 shares of the company’s stock worth $34,000 after purchasing an additional 78 shares during the period. First Bancorp Inc ME acquired a new position in Johnson Controls International in the 2nd quarter valued at about $34,000. Finally, SJS Investment Consulting Inc. boosted its holdings in Johnson Controls International by 747.1% in the 1st quarter. SJS Investment Consulting Inc. now owns 288 shares of the company’s stock valued at $38,000 after purchasing an additional 254 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Down 2.0%

Johnson Controls International stock opened at $139.33 on Friday. The company has a market capitalization of $84.40 billion, a PE ratio of 24.23, a price-to-earnings-growth ratio of 1.37 and a beta of 1.31. 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 plc has a fifty-two week low of $103.82 and a fifty-two week high of $157.06. The firm has a 50 day moving average price of $144.93 and a 200 day moving average price of $141.23.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $6.61 billion for the quarter, compared to analysts’ expectations of $6.46 billion. During the same period in the prior year, the firm earned $1.05 earnings per share. The firm’s revenue was up 9.3% compared to the same quarter last year. Research analysts expect that Johnson Controls International plc will post 5.08 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, July 10th. Investors of record on Monday, June 15th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Monday, June 15th. Johnson Controls International’s dividend payout ratio (DPR) is 27.83%.

Insider Activity

In other news, VP Lei Zhang Schlitz sold 23,417 shares of the 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 sale, the vice president owned 15,017 shares of the company’s stock, valued at approximately $2,298,652.19. This represents a 60.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Todd M. Grabowski sold 1,800 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total transaction of $263,160.00. Following the completion of the transaction, the vice president directly owned 26,215 shares of the company’s stock, valued at approximately $3,832,633. The trade was a 6.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on JCI shares. Argus set a $175.00 price target on shares of Johnson Controls International in a report on Friday, August 7th. Morgan Stanley increased their price objective on Johnson Controls International from $140.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 9th. JPMorgan Chase & Co. raised their target price on Johnson Controls International from $158.00 to $162.00 in a research note on Thursday, May 7th. UBS Group reiterated a “buy” rating on shares of Johnson Controls International in a report on Thursday, July 30th. Finally, Barclays raised their price objective on 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. Twelve investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $155.50.

Johnson Controls International Company 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.