Johnson Controls International plc $JCI Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System decreased its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 5.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 924,205 shares of the company's stock after selling 50,269 shares during the quarter. California State Teachers Retirement System owned 0.15% of Johnson Controls International worth $135,035,593 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of JCI. NBH Bank purchased a new position in shares of Johnson Controls International in the second quarter valued at $29,000. Fourth Dimension Wealth LLC increased its stake in shares of Johnson Controls International by 51.3% in the second quarter. Fourth Dimension Wealth LLC now owns 230 shares of the company's stock valued at $34,000 after buying an additional 78 shares in the last quarter. First Bancorp Inc ME bought a new position in shares of Johnson Controls International during the second quarter worth $34,000. Twin Tree Management LP increased its position in shares of Johnson Controls International by 140.9% during the 4th 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 last quarter. Finally, Axiom Investment Management LLC bought a new stake in Johnson Controls International in the 2nd quarter valued at about $41,000. Hedge funds and other institutional investors own 90.05% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wall Street Zen cut Johnson Controls International from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Morgan Stanley upped their target price on Johnson Controls International from $175.00 to $180.00 and gave the stock an "overweight" rating in a report on Wednesday, September 2nd. Royal Bank Of Canada upped their price objective on shares of Johnson Controls International from $154.00 to $161.00 and gave the company a "sector perform" rating in a research note on Thursday, July 30th. Wolfe Research reaffirmed an "outperform" rating and issued a $171.00 price target on shares of Johnson Controls International in a report on Wednesday, June 3rd. Finally, Argus set a $175.00 price objective on Johnson Controls International in a research report on Friday, August 7th. Twelve equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $155.75.

Johnson Controls International Trading Up 0.2%

Johnson Controls International stock traded up $0.32 during trading hours on Tuesday, reaching $138.08. The stock had a trading volume of 1,918,025 shares, compared to its average volume of 4,224,694. The stock has a market cap of $83.64 billion, a PE ratio of 24.02, a PEG ratio of 1.40 and a beta of 1.29. The company has a fifty day simple moving average of $144.82 and a 200-day simple moving average of $141.35. Johnson Controls International plc has a 52 week low of $104.49 and a 52 week high of $157.06. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.00 and a quick ratio of 0.83.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.30 by $0.12. Johnson Controls International had a net margin of 14.32% and a return on equity of 22.11%. The company had revenue of $6.61 billion during the quarter, compared to analyst estimates of $6.46 billion. During the same period in the previous year, the firm earned $1.05 earnings per share. Johnson Controls International's quarterly revenue was up 9.3% compared to the same quarter last year. Analysts forecast that Johnson Controls International plc will post 5.08 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Monday, September 21st will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a $1.60 annualized dividend and a yield of 1.2%. Johnson Controls International's dividend payout ratio (DPR) is 27.83%.

Insider Transactions at Johnson Controls International

In other news, VP Lei Schlitz sold 23,417 shares of the company's stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total value of $3,584,440.19. Following the completion of the sale, the vice president owned 15,017 shares in the company, valued at $2,298,652.19. This represents a 60.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.29% of the stock is owned by corporate insiders.

Johnson Controls International Company Profile

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.