California State Teachers Retirement System Increases Stake in Johnson Controls International plc $JCI

California State Teachers Retirement System raised its position in Johnson Controls International plc (NYSE:JCI) by 13,757.3% in the 2nd quarter, Holdings Channel reports. The fund owned 135,035,593 shares of the company’s stock after acquiring an additional 134,061,119 shares during the period. California State Teachers Retirement System owned 0.22% of Johnson Controls International worth $19,730,050,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Natural Investments LLC lifted its position in shares of Johnson Controls International by 2.5% during the second quarter. Natural Investments LLC now owns 3,008 shares of the company’s stock worth $439,000 after purchasing an additional 72 shares in the last quarter. Baron Wealth Management LLC grew its holdings in Johnson Controls International by 1.6% during the 2nd quarter. Baron Wealth Management LLC now owns 4,705 shares of the company’s stock valued at $687,000 after purchasing an additional 75 shares in the last quarter. Diversify Wealth Management LLC increased its stake in Johnson Controls International by 2.0% during the 2nd quarter. Diversify Wealth Management LLC now owns 3,868 shares of the company’s stock worth $555,000 after buying an additional 76 shares during the period. Resonant Capital Advisors LLC increased its stake in Johnson Controls International by 1.5% during the 2nd quarter. Resonant Capital Advisors LLC now owns 5,063 shares of the company’s stock worth $742,000 after buying an additional 77 shares during the period. Finally, Strategic Investment Advisors MI lifted its holdings in Johnson Controls International by 1.5% in the 4th quarter. Strategic Investment Advisors MI now owns 5,389 shares of the company’s stock worth $645,000 after buying an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Down 0.0%

Shares of Johnson Controls International stock opened at $144.87 on Tuesday. The business has a 50-day moving average price of $144.77 and a 200 day moving average price of $141.32. Johnson Controls International plc has a fifty-two week low of $104.03 and a fifty-two week high of $157.06. The firm has a market cap of $87.75 billion, a P/E ratio of 25.19, a P/E/G ratio of 1.39 and a beta of 1.29. 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) 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 return on equity of 22.11% and a net margin of 14.32%.The company had revenue of $6.61 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter last year, the business posted $1.05 EPS. Johnson Controls International’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, sell-side analysts forecast that Johnson Controls International plc will post 5.08 earnings per share for the current fiscal year.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, VP Lei Schlitz sold 23,417 shares of Johnson Controls International stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $153.07, for a total value of $3,584,440.19. Following the completion of the transaction, the vice president owned 15,017 shares of the company’s stock, valued at $2,298,652.19. The trade was a 60.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.29% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

JCI has been the subject of a number of analyst reports. Wall Street Zen cut shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings restated a “buy (b)” rating on shares of Johnson Controls International in a research note on Tuesday, June 9th. Citigroup lifted their price objective on Johnson Controls International from $155.00 to $157.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. UBS Group reaffirmed a “buy” rating on shares of Johnson Controls International in a research report on Thursday, July 30th. Finally, Royal Bank Of Canada increased their target price on Johnson Controls International from $154.00 to $161.00 and gave the company a “sector perform” rating in a research note on Thursday, July 30th. Twelve equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Johnson Controls International currently has an average rating of “Hold” and an average price target of $155.75.

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.