Louisiana State Employees Retirement System Takes Position in Johnson Controls International plc $JCI

Louisiana State Employees Retirement System bought a new stake in Johnson Controls International plc (NYSE:JCI) during the first quarter, Holdings Channel reports. The institutional investor bought 31,200 shares of the company’s stock, valued at approximately $4,086,000.

Other hedge funds have also made changes to their positions in the company. First American Bank lifted its stake in Johnson Controls International by 1.3% in the first quarter. First American Bank now owns 43,948 shares of the company’s stock valued at $5,755,000 after acquiring an additional 559 shares during the last quarter. Kestra Private Wealth Services LLC raised its holdings in shares of Johnson Controls International by 2.1% during the 1st quarter. Kestra Private Wealth Services LLC now owns 79,054 shares of the company’s stock valued at $10,352,000 after purchasing an additional 1,615 shares in the last quarter. Norway Savings Bank lifted its stake in shares of Johnson Controls International by 6.3% in the 1st quarter. Norway Savings Bank now owns 14,699 shares of the company’s stock valued at $1,925,000 after purchasing an additional 870 shares during the last quarter. Ritholtz Wealth Management lifted its stake in shares of Johnson Controls International by 28.8% in the 1st quarter. Ritholtz Wealth Management now owns 19,699 shares of the company’s stock valued at $2,580,000 after purchasing an additional 4,404 shares during the last quarter. Finally, Breakwater Capital Group bought a new stake in Johnson Controls International in the first quarter worth $210,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Controls International Trading Down 4.7%

Johnson Controls International stock opened at $138.62 on Friday. The business has a 50 day moving average price of $141.69 and a two-hundred day moving average price of $132.76. The company has a quick ratio of 0.85, a current ratio of 1.04 and a debt-to-equity ratio of 0.64. Johnson Controls International plc has a 12 month low of $102.09 and a 12 month high of $149.38. The stock has a market cap of $84.57 billion, a price-to-earnings ratio of 24.80, a price-to-earnings-growth ratio of 1.56 and a beta of 1.32.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Tuesday, March 31st. The company reported $1.19 earnings per share (EPS) for the quarter. The business had revenue of $6.14 billion for the quarter. Johnson Controls International had a return on equity of 19.50% and a net margin of 14.45%. As a group, equities analysts forecast that Johnson Controls International plc will post 4.89 EPS for the current year.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 15th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.60 annualized dividend and a yield of 1.2%. Johnson Controls International’s payout ratio is currently 28.62%.

Analysts Set New Price Targets

JCI has been the subject of a number of analyst reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $154.00 price target on shares of Johnson Controls International in a research report on Tuesday, June 2nd. Morgan Stanley raised their price objective on Johnson Controls International from $140.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, June 9th. Wells Fargo & Company boosted their target price on Johnson Controls International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Barclays upped their target price on Johnson Controls International from $136.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Johnson Controls International in a report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Johnson Controls International currently has a consensus rating of “Moderate Buy” and an average price target of $152.85.

Insiders Place Their Bets

In related news, VP Lei Zhang Schlitz sold 88,809 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $140.99, for a total transaction of $12,521,180.91. Following the completion of the sale, the vice president owned 57,059 shares in the company, valued at $8,044,748.41. This trade represents a 60.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Todd M. Grabowski sold 1,800 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total transaction of $263,160.00. Following the completion of 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.29% of the company’s stock.

Johnson Controls International Company 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.