Teacher Retirement System of Texas Acquires 59,148 Shares of Johnson Controls International plc (NYSE:JCI)

Teacher Retirement System of Texas boosted its position in Johnson Controls International plc (NYSE:JCIFree Report) by 23.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 309,734 shares of the company’s stock after purchasing an additional 59,148 shares during the period. Teacher Retirement System of Texas’ holdings in Johnson Controls International were worth $16,481,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Haverford Trust Co boosted its position in Johnson Controls International by 1.5% in the second quarter. Haverford Trust Co now owns 302,047 shares of the company’s stock worth $20,581,000 after purchasing an additional 4,394 shares during the last quarter. Dynamic Advisor Solutions LLC purchased a new position in Johnson Controls International in the second quarter worth about $321,000. Robeco Institutional Asset Management B.V. boosted its position in Johnson Controls International by 49.8% in the second quarter. Robeco Institutional Asset Management B.V. now owns 440,134 shares of the company’s stock worth $29,991,000 after purchasing an additional 146,410 shares during the last quarter. Summit Trail Advisors LLC purchased a new position in Johnson Controls International in the second quarter worth about $322,000. Finally, Cornerstone Wealth Management LLC purchased a new position in Johnson Controls International in the second quarter worth about $216,000. 88.64% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO George Oliver sold 103,332 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $52.30, for a total transaction of $5,404,263.60. Following the transaction, the chief executive officer now owns 980,403 shares of the company’s stock, valued at approximately $51,275,076.90. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last 90 days, insiders have sold 103,706 shares of company stock valued at $5,424,936. 0.71% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

JCI has been the topic of several research reports. Citigroup raised their target price on Johnson Controls International from $58.00 to $61.00 and gave the stock a “neutral” rating in a research report on Monday, December 11th. Barclays lowered their price objective on Johnson Controls International from $64.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 13th. Morgan Stanley lowered their price objective on Johnson Controls International from $73.00 to $70.00 and set an “overweight” rating on the stock in a research report on Friday, September 22nd. Royal Bank of Canada cut Johnson Controls International from a “sector perform” rating to an “underperform” rating and lowered their price objective for the company from $54.00 to $50.00 in a research report on Friday, January 12th. Finally, Wells Fargo & Company lifted their price objective on Johnson Controls International from $62.00 to $63.00 and gave the company an “overweight” rating in a research report on Tuesday, December 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $64.09.

Read Our Latest Analysis on Johnson Controls International

Johnson Controls International Stock Performance

NYSE:JCI opened at $54.23 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.97 and a quick ratio of 0.72. Johnson Controls International plc has a 1 year low of $47.90 and a 1 year high of $70.43. The stock’s 50 day simple moving average is $54.58 and its two-hundred day simple moving average is $57.10. The company has a market cap of $36.91 billion, a price-to-earnings ratio of 20.16, a PEG ratio of 1.26 and a beta of 1.24.

Johnson Controls International (NYSE:JCIGet Free Report) last released its quarterly earnings data on Tuesday, December 12th. The company reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.04). Johnson Controls International had a return on equity of 13.85% and a net margin of 6.90%. The firm had revenue of $6.91 billion during the quarter, compared to the consensus estimate of $6.40 billion. During the same period in the previous year, the firm earned $0.99 EPS. The business’s revenue was up 2.7% compared to the same quarter last year. As a group, equities analysts anticipate that Johnson Controls International plc will post 3.68 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Monday, December 18th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend was Friday, December 15th. Johnson Controls International’s dividend payout ratio is currently 55.02%.

About Johnson Controls International

(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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