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Teacher Retirement System of Texas Boosts Stake in Johnson Controls International plc (NYSE:JCI)

Johnson Controls International logo with Construction background

Teacher Retirement System of Texas raised its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 392.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 194,055 shares of the company's stock after buying an additional 154,652 shares during the period. Teacher Retirement System of Texas' holdings in Johnson Controls International were worth $15,546,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. First Horizon Advisors Inc. raised its stake in Johnson Controls International by 8.8% during the 1st quarter. First Horizon Advisors Inc. now owns 4,323 shares of the company's stock valued at $346,000 after buying an additional 349 shares during the last quarter. Novem Group raised its stake in Johnson Controls International by 2.9% during the 1st quarter. Novem Group now owns 42,631 shares of the company's stock valued at $3,415,000 after buying an additional 1,183 shares during the last quarter. Fiduciary Group LLC grew its position in shares of Johnson Controls International by 18.8% during the 1st quarter. Fiduciary Group LLC now owns 12,381 shares of the company's stock valued at $992,000 after acquiring an additional 1,956 shares during the period. Aaron Wealth Advisors LLC grew its position in shares of Johnson Controls International by 18.7% during the 1st quarter. Aaron Wealth Advisors LLC now owns 5,208 shares of the company's stock valued at $417,000 after acquiring an additional 819 shares during the period. Finally, Meadow Creek Wealth Advisors LLC grew its position in shares of Johnson Controls International by 9.2% during the 1st quarter. Meadow Creek Wealth Advisors LLC now owns 3,032 shares of the company's stock valued at $243,000 after acquiring an additional 256 shares during the period. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Controls International Price Performance

Shares of NYSE JCI traded down $0.72 during mid-day trading on Monday, hitting $105.99. 3,524,799 shares of the company's stock traded hands, compared to its average volume of 4,321,943. The company's 50-day moving average is $99.29 and its two-hundred day moving average is $87.32. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.81. The company has a market capitalization of $69.75 billion, a P/E ratio of 28.26, a PEG ratio of 1.96 and a beta of 1.31. Johnson Controls International plc has a 1 year low of $64.31 and a 1 year high of $107.06.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.05. The firm had revenue of $5.68 billion for the quarter, compared to analysts' expectations of $5.64 billion. Johnson Controls International had a net margin of 10.19% and a return on equity of 15.13%. The business's revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.78 EPS. On average, equities analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

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

Johnson Controls International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 23rd will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Monday, June 23rd. Johnson Controls International's dividend payout ratio is 39.47%.

Insider Buying and Selling at Johnson Controls International

In other news, Director George Oliver sold 100,000 shares of the company's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $91.70, for a total transaction of $9,170,000.00. Following the sale, the director directly owned 904,305 shares in the company, valued at approximately $82,924,768.50. This represents a 9.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Anuruddha Rathninde sold 15,000 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $103.13, for a total transaction of $1,546,950.00. Following the completion of the sale, the vice president directly owned 42,574 shares in the company, valued at $4,390,656.62. This trade represents a 26.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 147,555 shares of company stock valued at $13,705,106 over the last quarter. 0.54% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

JCI has been the subject of a number of recent research reports. Citigroup cut their price objective on shares of Johnson Controls International from $95.00 to $85.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Robert W. Baird boosted their price objective on shares of Johnson Controls International from $84.00 to $90.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft raised shares of Johnson Controls International from a "hold" rating to a "buy" rating and boosted their price objective for the company from $101.00 to $112.00 in a research report on Monday, May 12th. Morgan Stanley boosted their price objective on shares of Johnson Controls International from $105.00 to $115.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Finally, Barclays boosted their price objective on shares of Johnson Controls International from $85.00 to $90.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 14th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Johnson Controls International presently has an average rating of "Moderate Buy" and a consensus target price of $97.88.

Read Our Latest Stock Analysis on JCI

Johnson Controls International Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Johnson Controls International (NYSE:JCI)

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