California State Teachers Retirement System Sells 55,286 Shares of Johnson Controls International plc (NYSE:JCI)

California State Teachers Retirement System reduced its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 4.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,079,033 shares of the company's stock after selling 55,286 shares during the quarter. California State Teachers Retirement System owned 0.16% of Johnson Controls International worth $85,168,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Lido Advisors LLC increased its holdings in Johnson Controls International by 3.6% during the fourth quarter. Lido Advisors LLC now owns 19,379 shares of the company's stock valued at $1,536,000 after buying an additional 668 shares during the last quarter. Northern Trust Corp grew its position in shares of Johnson Controls International by 18.1% during the 4th quarter. Northern Trust Corp now owns 6,690,781 shares of the company's stock valued at $528,103,000 after acquiring an additional 1,026,623 shares during the period. Prosperity Consulting Group LLC raised its holdings in Johnson Controls International by 10.7% in the 4th quarter. Prosperity Consulting Group LLC now owns 4,003 shares of the company's stock worth $316,000 after purchasing an additional 387 shares during the period. Johnson Financial Group Inc. lifted its position in Johnson Controls International by 6,575.4% during the fourth quarter. Johnson Financial Group Inc. now owns 8,144 shares of the company's stock valued at $635,000 after purchasing an additional 8,022 shares in the last quarter. Finally, Arkos Global Advisors grew its holdings in Johnson Controls International by 16.3% during the fourth quarter. Arkos Global Advisors now owns 4,282 shares of the company's stock valued at $338,000 after purchasing an additional 600 shares during the period. Hedge funds and other institutional investors own 90.05% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on JCI. Morgan Stanley lifted their price objective on Johnson Controls International from $95.00 to $105.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Melius lowered shares of Johnson Controls International from a "buy" rating to a "hold" rating and set a $95.00 price target for the company. in a research report on Tuesday, January 28th. Melius Research restated a "hold" rating and set a $95.00 price objective on shares of Johnson Controls International in a research report on Tuesday, January 28th. UBS Group raised shares of Johnson Controls International from a "neutral" rating to a "buy" rating and upped their target price for the stock from $90.00 to $103.00 in a report on Monday, February 10th. Finally, Citigroup cut their price target on Johnson Controls International from $95.00 to $85.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Johnson Controls International has a consensus rating of "Moderate Buy" and a consensus target price of $90.07.

Johnson Controls International Price Performance

Shares of NYSE JCI traded up $1.81 during midday trading on Friday, reaching $89.06. 5,868,597 shares of the stock traded hands, compared to its average volume of 4,394,311. The company's 50 day moving average is $79.87 and its 200 day moving average is $81.03. Johnson Controls International plc has a one year low of $60.84 and a one year high of $91.14. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86. The stock has a market capitalization of $58.79 billion, a PE ratio of 33.99, a P/E/G ratio of 1.96 and a beta of 1.22.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. On average, equities research analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 24th were given a $0.37 dividend. The ex-dividend date of this dividend was Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a yield of 1.66%. Johnson Controls International's dividend payout ratio is presently 56.49%.

Insiders Place Their Bets

In other Johnson Controls International news, Director George Oliver sold 15,669 shares of the business's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $77.49, for a total transaction of $1,214,190.81. Following the completion of the transaction, the director now owns 1,003,893 shares in the company, valued at $77,791,668.57. The trade was a 1.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Nathan D. Manning sold 1,421 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $76.44, for a total value of $108,621.24. Following the completion of the sale, the vice president now owns 148,346 shares in the company, valued at approximately $11,339,568.24. The trade was a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 908,708 shares of company stock valued at $78,061,657 over the last three months. 0.54% of the stock is owned by company insiders.

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.