Johnson Controls International plc $JCI Holdings Lowered by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund trimmed its stake in shares of Johnson Controls International plc (NYSE:JCI) by 6.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 69,905 shares of the company’s stock after selling 4,900 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Johnson Controls International were worth $8,371,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. World Investment Advisors lifted its holdings in shares of Johnson Controls International by 2.5% during the fourth quarter. World Investment Advisors now owns 70,569 shares of the company’s stock valued at $8,092,000 after purchasing an additional 1,694 shares during the last quarter. Meridian Wealth Management LLC lifted its stake in Johnson Controls International by 6.8% in the 4th quarter. Meridian Wealth Management LLC now owns 2,442 shares of the company’s stock worth $292,000 after acquiring an additional 156 shares in the last quarter. HighPoint Advisor Group LLC lifted its stake in Johnson Controls International by 4.4% in the 4th quarter. HighPoint Advisor Group LLC now owns 11,140 shares of the company’s stock worth $1,334,000 after acquiring an additional 465 shares in the last quarter. KLCM Advisors Inc. lifted its stake in Johnson Controls International by 5.7% in the 4th quarter. KLCM Advisors Inc. now owns 22,786 shares of the company’s stock worth $2,729,000 after acquiring an additional 1,227 shares in the last quarter. Finally, Strategic Planning Group LLC lifted its stake in Johnson Controls International by 7.2% in the 4th quarter. Strategic Planning Group LLC now owns 72,529 shares of the company’s stock worth $8,685,000 after acquiring an additional 4,875 shares in the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Controls International Stock Up 2.0%

Shares of JCI stock opened at $143.87 on Thursday. The stock’s 50 day simple moving average is $137.24 and its 200 day simple moving average is $127.09. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.85 and a current ratio of 1.04. Johnson Controls International plc has a twelve month low of $95.64 and a twelve month high of $147.32. The company has a market capitalization of $87.78 billion, a price-to-earnings ratio of 25.74, a PEG ratio of 1.55 and a beta of 1.37.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $1.19 earnings per share for the quarter. Johnson Controls International had a return on equity of 19.50% and a net margin of 14.45%.The business had revenue of $6.14 billion for the quarter. As a group, research analysts predict that Johnson Controls International plc will post 4.87 EPS for the current year.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Monday, March 16th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, March 16th. Johnson Controls International’s dividend payout ratio (DPR) is presently 28.62%.

Insider Buying and Selling

In related news, VP Daniel C. Mcconeghy sold 3,600 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $142.56, for a total value of $513,216.00. Following the transaction, the vice president directly owned 24,273 shares of the company’s stock, valued at approximately $3,460,358.88. This trade represents a 12.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Lei Zhang Schlitz sold 88,809 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $140.99, for a total value of $12,521,180.91. Following the completion of the transaction, the vice president directly owned 57,059 shares in the company, valued at $8,044,748.41. The trade was a 60.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.29% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

JCI has been the subject of several research analyst reports. HSBC increased their price objective on Johnson Controls International from $127.00 to $136.00 in a research note on Thursday, May 7th. Robert W. Baird increased their price objective on Johnson Controls International from $132.00 to $148.00 and gave the stock a “neutral” rating in a research note on Monday, April 27th. Barclays increased their price objective on Johnson Controls International from $136.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. increased their price objective on Johnson Controls International from $158.00 to $162.00 in a research note on Thursday, May 7th. Finally, The Goldman Sachs Group increased their price objective on Johnson Controls International from $154.00 to $158.00 and gave the stock a “buy” rating in a research note on Tuesday, April 7th. Eleven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Johnson Controls International currently has an average rating of “Hold” and an average price target of $147.63.

Johnson Controls International 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.