Public Employees Retirement System of Ohio Invests $37.29 Million in Johnson Controls International plc $JCI

Public Employees Retirement System of Ohio bought a new position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 255,218 shares of the company's stock, valued at approximately $37,290,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JCI. Mcguire Capital Advisors Inc. purchased a new position in shares of Johnson Controls International during the 4th quarter valued at about $27,000. Twin Tree Management LP lifted its holdings in shares of Johnson Controls International by 140.9% in the 4th quarter. Twin Tree Management LP now owns 260 shares of the company's stock valued at $31,000 after buying an additional 895 shares during the period. Fourth Dimension Wealth LLC boosted 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 worth $34,000 after buying an additional 78 shares during the last quarter. First Bancorp Inc ME purchased a new stake in shares of Johnson Controls International in the second quarter worth about $34,000. Finally, SJS Investment Consulting Inc. grew its holdings in Johnson Controls International by 747.1% during the first quarter. SJS Investment Consulting Inc. now owns 288 shares of the company's stock worth $38,000 after acquiring an additional 254 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Barclays boosted their price target on Johnson Controls International from $136.00 to $144.00 and gave the company an "equal weight" rating in a report on Thursday, May 7th. Wolfe Research reaffirmed an "outperform" rating and set a $171.00 target price on shares of Johnson Controls International in a report on Wednesday, June 3rd. Zacks Research cut shares of Johnson Controls International from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 6th. HSBC increased their price target on shares of Johnson Controls International from $127.00 to $136.00 in a report on Thursday, May 7th. Finally, Wells Fargo & Company raised their price target on shares of Johnson Controls International from $145.00 to $160.00 and gave the company an "overweight" rating in a research report on Thursday, May 7th. Twelve equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Johnson Controls International currently has an average rating of "Hold" and a consensus target price of $155.50.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, VP Todd M. Grabowski sold 1,800 shares of the firm's stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total value of $263,160.00. Following the transaction, the vice president owned 26,215 shares in the company, valued at approximately $3,832,633. This trade represents a 6.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Lei Zhang Schlitz sold 23,417 shares of Johnson Controls International stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the sale, the vice president directly owned 15,017 shares in the company, valued at approximately $2,298,652.19. This trade represents a 60.93% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.29% of the company's stock.

Johnson Controls International Stock Performance

JCI opened at $139.33 on Friday. The firm's fifty day simple moving average is $144.93 and its two-hundred day simple moving average is $141.23. Johnson Controls International plc has a 52-week low of $103.82 and a 52-week high of $157.06. The company has a market cap of $84.40 billion, a price-to-earnings ratio of 24.23, a PEG ratio of 1.37 and a beta of 1.31. The company has a quick ratio of 0.83, a current ratio of 1.00 and a debt-to-equity ratio of 0.61.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its 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 net margin of 14.32% and a return on equity of 22.11%. The business had revenue of $6.61 billion during the quarter, compared to analysts' expectations of $6.46 billion. During the same quarter in the previous year, the company earned $1.05 earnings per share. The company's quarterly revenue was up 9.3% on a year-over-year basis. Equities analysts anticipate that Johnson Controls International plc will post 5.08 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 15th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Johnson Controls International's dividend payout ratio is presently 27.83%.

Johnson Controls International 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.

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