Strs Ohio Sells 40,088 Shares of Johnson Controls International plc (NYSE:JCI)

Strs Ohio lessened its holdings in Johnson Controls International plc (NYSE:JCI) by 18.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 178,339 shares of the company’s stock after selling 40,088 shares during the period. Strs Ohio’s holdings in Johnson Controls International were worth $10,279,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of JCI. Invesco Ltd. lifted its stake in shares of Johnson Controls International by 4.7% in the 3rd quarter. Invesco Ltd. now owns 13,063,227 shares of the company’s stock valued at $695,094,000 after purchasing an additional 588,724 shares during the last quarter. Geode Capital Management LLC raised its holdings in Johnson Controls International by 1.8% during the 1st quarter. Geode Capital Management LLC now owns 12,241,814 shares of the company’s stock valued at $735,258,000 after buying an additional 214,832 shares during the period. Morgan Stanley lifted its position in Johnson Controls International by 40.7% in the fourth quarter. Morgan Stanley now owns 9,990,590 shares of the company’s stock worth $639,398,000 after buying an additional 2,890,395 shares during the last quarter. Northern Trust Corp boosted its stake in Johnson Controls International by 6.2% during the third quarter. Northern Trust Corp now owns 7,065,473 shares of the company’s stock worth $375,954,000 after buying an additional 415,056 shares during the period. Finally, Norges Bank purchased a new position in Johnson Controls International during the fourth quarter worth $419,897,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Down 0.8 %

Shares of Johnson Controls International stock opened at $63.69 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.97 and a quick ratio of 0.73. The stock has a market cap of $43.40 billion, a price-to-earnings ratio of 20.75, a PEG ratio of 1.61 and a beta of 1.24. The firm’s 50-day moving average is $61.61 and its two-hundred day moving average is $56.29. Johnson Controls International plc has a 1 year low of $47.90 and a 1 year high of $70.43.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Tuesday, January 30th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.51. The firm had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.94 billion. Johnson Controls International had a net margin of 7.85% and a return on equity of 13.08%. The company’s quarterly revenue was up .4% on a year-over-year basis. During the same period last year, the firm earned $0.67 earnings per share. As a group, research analysts expect that Johnson Controls International plc will post 3.61 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 19th. Investors of record on Monday, March 25th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Friday, March 22nd. Johnson Controls International’s dividend payout ratio (DPR) is currently 48.21%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on JCI. Wells Fargo & Company raised their target price on shares of Johnson Controls International from $64.00 to $73.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Barclays raised their price objective on shares of Johnson Controls International from $59.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 2nd. Citigroup upped their target price on Johnson Controls International from $59.00 to $68.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $60.00 price target (down from $65.00) on shares of Johnson Controls International in a research note on Wednesday, January 31st. Finally, Mizuho lowered Johnson Controls International from a “buy” rating to a “neutral” rating and set a $62.00 target price on the stock. in a research note on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $64.08.

Johnson Controls International 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.