New York State Teachers Retirement System Lowers Stock Position in Johnson Controls International plc (NYSE:JCI)

New York State Teachers Retirement System reduced its stake in shares of Johnson Controls International plc (NYSE:JCI) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 501,555 shares of the company’s stock after selling 14,033 shares during the period. New York State Teachers Retirement System’s holdings in Johnson Controls International were worth $39,588,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Catalyst Financial Partners LLC lifted its position in shares of Johnson Controls International by 4.8% during the 4th quarter. Catalyst Financial Partners LLC now owns 3,154 shares of the company’s stock valued at $249,000 after buying an additional 144 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in Johnson Controls International by 0.7% in the 4th quarter. Asset Management One Co. Ltd. now owns 256,522 shares of the company’s stock worth $20,476,000 after purchasing an additional 1,897 shares in the last quarter. G&S Capital LLC purchased a new position in Johnson Controls International in the 4th quarter worth approximately $1,320,000. Consolidated Planning Corp lifted its holdings in Johnson Controls International by 3.0% in the 4th quarter. Consolidated Planning Corp now owns 82,031 shares of the company’s stock worth $6,475,000 after purchasing an additional 2,411 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC lifted its holdings in Johnson Controls International by 4.6% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 3,427 shares of the company’s stock worth $270,000 after purchasing an additional 150 shares in the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on JCI. StockNews.com cut Johnson Controls International from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. boosted their price target on Johnson Controls International from $87.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Oppenheimer boosted their price target on Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Barclays boosted their price target on Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Finally, Wells Fargo & Company upped their price objective on Johnson Controls International from $92.00 to $98.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Johnson Controls International presently has a consensus rating of “Moderate Buy” and an average price target of $91.13.

Johnson Controls International Stock Performance

NYSE JCI opened at $89.83 on Friday. The company has a market cap of $59.30 billion, a P/E ratio of 34.28, a P/E/G ratio of 2.48 and a beta of 1.32. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.79 and a current ratio of 1.02. The business’s 50 day moving average price is $81.39 and its 200-day moving average price is $77.54. Johnson Controls International plc has a fifty-two week low of $56.28 and a fifty-two week high of $89.95.

Johnson Controls International (NYSE:JCI) last released its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. Sell-side analysts predict that Johnson Controls International plc will post 3.52 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend was Monday, December 23rd. Johnson Controls International’s dividend payout ratio is currently 56.49%.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, VP Nathan D. Manning sold 1,421 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $76.44, for a total value of $108,621.24. Following the transaction, the vice president now owns 148,346 shares of the company’s stock, valued at $11,339,568.24. This represents a 0.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO George Oliver sold 10,304 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $84.14, for a total value of $866,978.56. Following the completion of the transaction, the chief executive officer now directly owns 1,166,992 shares in the company, valued at $98,190,706.88. This trade represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,113,772 shares of company stock valued at $95,772,462 in the last quarter. 0.54% of the stock is owned by insiders.

About Johnson Controls International

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.