Johnson Controls International plc (NYSE:JCI) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lessened its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 4.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 478,239 shares of the company's stock after selling 23,316 shares during the period. New York State Teachers Retirement System owned 0.07% of Johnson Controls International worth $38,312,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in shares of Johnson Controls International by 27.8% during the 1st quarter. GAMMA Investing LLC now owns 14,720 shares of the company's stock valued at $1,179,000 after purchasing an additional 3,201 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Johnson Controls International by 2,213.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 709,431 shares of the company's stock worth $57,748,000 after buying an additional 678,766 shares during the period. Wealthcare Advisory Partners LLC grew its holdings in Johnson Controls International by 9.0% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 3,982 shares of the company's stock worth $319,000 after acquiring an additional 328 shares in the last quarter. Dynamic Advisor Solutions LLC increased its holdings in Johnson Controls International by 22.4% during the first quarter. Dynamic Advisor Solutions LLC now owns 5,987 shares of the company's stock valued at $480,000 after buying an additional 1,096 shares during the period. Finally, Sowell Financial Services LLC bought a new position in shares of Johnson Controls International in the 1st quarter worth $216,000. Institutional investors own 90.05% of the company's stock.

Wall Street Analyst Weigh In

JCI has been the topic of a number of recent analyst reports. Vertical Research raised Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 price target on the stock in a research report on Thursday, May 8th. Wells Fargo & Company upped their target price on Johnson Controls International from $100.00 to $130.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Oppenheimer cut shares of Johnson Controls International from an "outperform" rating to a "market perform" rating in a report on Friday, June 20th. Royal Bank Of Canada upped their target price on Johnson Controls International from $82.00 to $98.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 8th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Johnson Controls International from $81.00 to $98.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $97.88.

Insider Transactions at Johnson Controls International

In other news, CFO Marc Vandiepenbeeck sold 28,289 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $90.92, for a total value of $2,572,035.88. Following the completion of the transaction, the chief financial officer owned 147,673 shares of the company's stock, valued at approximately $13,426,429.16. This trade represents a 16.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $100.90, for a total transaction of $143,479.80. Following the completion of the transaction, the vice president directly owned 143,282 shares of the company's stock, valued at $14,457,153.80. This represents a 0.98% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 146,133 shares of company stock valued at $13,556,052. 0.54% of the stock is owned by insiders.

Johnson Controls International Trading Down 0.2%

Shares of JCI stock traded down $0.19 on Wednesday, hitting $104.48. 750,182 shares of the stock traded hands, compared to its average volume of 4,302,505. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.81 and a current ratio of 0.96. The stock has a market capitalization of $68.75 billion, a PE ratio of 27.87, a PEG ratio of 2.31 and a beta of 1.32. The firm's 50-day moving average price is $97.22 and its two-hundred day moving average price is $86.58. Johnson Controls International plc has a twelve month low of $64.31 and a twelve month high of $106.07.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.05. The firm had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.64 billion. Johnson Controls International had a return on equity of 15.13% and a net margin of 10.19%. The company's quarterly revenue was up 1.4% on a year-over-year basis. During the same period last year, the company earned $0.78 EPS. As a group, analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 23rd will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Monday, June 23rd. Johnson Controls International's dividend payout ratio (DPR) is 39.47%.

Johnson Controls International announced that its board has authorized a share buyback program on Friday, June 13th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 13.4% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.

Johnson Controls International Company 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.