Oregon Public Employees Retirement Fund Acquires 4,858 Shares of Johnson Controls International plc $JCI

Oregon Public Employees Retirement Fund lifted its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 6.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,963 shares of the company’s stock after buying an additional 4,858 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Johnson Controls International were worth $10,953,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in Johnson Controls International in the fourth quarter valued at approximately $927,739,000. Viking Global Investors LP grew its holdings in Johnson Controls International by 368.5% during the 3rd quarter. Viking Global Investors LP now owns 6,796,942 shares of the company’s stock worth $747,324,000 after acquiring an additional 5,346,130 shares during the period. Amundi grew its holdings in Johnson Controls International by 157.2% during the 1st quarter. Amundi now owns 5,965,212 shares of the company’s stock worth $781,145,000 after acquiring an additional 3,646,047 shares during the period. Ameriprise Financial Inc. raised its position in shares of Johnson Controls International by 140.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,575,414 shares of the company’s stock valued at $483,281,000 after acquiring an additional 2,675,157 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Johnson Controls International by 13.0% during the 4th quarter. Invesco Ltd. now owns 16,003,486 shares of the company’s stock valued at $1,916,417,000 after acquiring an additional 1,837,220 shares during the last quarter. 90.05% of the stock is owned by institutional investors.

Johnson Controls International Trading Down 0.9%

Shares of NYSE JCI opened at $151.47 on Friday. Johnson Controls International plc has a twelve month low of $103.07 and a twelve month high of $157.06. The stock has a market cap of $91.75 billion, a price-to-earnings ratio of 26.34, a P/E/G ratio of 1.47 and a beta of 1.31. The company has a quick ratio of 0.83, a current ratio of 1.00 and a debt-to-equity ratio of 0.61. The company’s fifty day moving average is $144.71 and its 200-day moving average is $139.65.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.12. The business had revenue of $6.61 billion during the quarter, compared to analysts’ expectations of $6.46 billion. Johnson Controls International had a net margin of 14.32% and a return on equity of 22.11%. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.05 EPS. Equities research analysts predict that Johnson Controls International plc will post 5.08 EPS for the current year.

Johnson Controls International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 15th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date was Monday, June 15th. Johnson Controls International’s dividend payout ratio (DPR) is 27.83%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on JCI. HSBC raised their price target on Johnson Controls International from $127.00 to $136.00 in a research report on Thursday, May 7th. Sanford C. Bernstein began coverage on Johnson Controls International in a report on Tuesday, June 9th. They issued an “outperform” rating and a $176.00 price objective for the company. Barclays raised their target price on Johnson Controls International from $136.00 to $144.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. 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 research report on Thursday, May 7th. Finally, The Goldman Sachs Group upped their price target on Johnson Controls International from $169.00 to $178.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Johnson Controls International currently has an average rating of “Moderate Buy” and an average price target of $154.80.

Insider Activity at Johnson Controls International

In other news, VP Lei Zhang Schlitz sold 23,417 shares of the stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the completion of the sale, the vice president owned 15,017 shares of the company’s stock, valued at $2,298,652.19. This represents a 60.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Todd M. Grabowski sold 1,800 shares of the business’s stock in a transaction on 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 sale, the vice president directly owned 26,215 shares in the company, valued at $3,832,633. This represents a 6.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.29% of the stock is owned by corporate insiders.

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.