Teacher Retirement System of Texas Sells 72,861 Shares of Johnson Controls International plc (NYSE:JCI)
Teacher Retirement System of Texas reduced its holdings in shares of Johnson Controls International plc (NYSE:JCI – Get Rating) by 30.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 168,063 shares of the company’s stock after selling 72,861 shares during the quarter. Teacher Retirement System of Texas’ holdings in Johnson Controls International were worth $8,272,000 as of its most recent SEC filing.
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Other hedge funds have also bought and sold shares of the company. Raymond James Trust N.A. raised its position in Johnson Controls International by 3.1% during the 1st quarter. Raymond James Trust N.A. now owns 13,142 shares of the company’s stock valued at $862,000 after purchasing an additional 401 shares during the last quarter. Synovus Financial Corp raised its position in Johnson Controls International by 3.6% during the 1st quarter. Synovus Financial Corp now owns 12,080 shares of the company’s stock valued at $786,000 after purchasing an additional 425 shares during the last quarter. Baird Financial Group Inc. raised its position in Johnson Controls International by 0.7% during the 1st quarter. Baird Financial Group Inc. now owns 70,039 shares of the company’s stock valued at $4,593,000 after purchasing an additional 461 shares during the last quarter. Brown Brothers Harriman & Co. raised its position in Johnson Controls International by 23.0% during the 1st quarter. Brown Brothers Harriman & Co. now owns 7,581 shares of the company’s stock valued at $497,000 after purchasing an additional 1,418 shares during the last quarter. Finally, Mackenzie Financial Corp raised its position in Johnson Controls International by 3.5% during the 1st quarter. Mackenzie Financial Corp now owns 371,039 shares of the company’s stock valued at $24,329,000 after purchasing an additional 12,648 shares during the last quarter. 88.76% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on JCI. Barclays upped their target price on Johnson Controls International from $73.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, January 5th. StockNews.com upgraded Johnson Controls International from a “hold” rating to a “buy” rating in a report on Tuesday, January 10th. Mizuho upped their target price on Johnson Controls International from $72.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, January 13th. Oppenheimer upped their target price on Johnson Controls International from $68.00 to $76.00 in a report on Friday, December 2nd. Finally, The Goldman Sachs Group upped their target price on Johnson Controls International from $68.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, November 4th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $71.14.
Insiders Place Their Bets
In other Johnson Controls International news, EVP Michael J. Ellis sold 28,825 shares of the stock in a transaction on Monday, December 12th. The stock was sold at an average price of $65.15, for a total value of $1,877,948.75. Following the completion of the sale, the executive vice president now owns 8,101 shares in the company, valued at approximately $527,780.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP Michael J. Ellis sold 1,194 shares of the firm’s stock in a transaction dated Friday, December 9th. The stock was sold at an average price of $66.16, for a total transaction of $78,995.04. Following the completion of the transaction, the executive vice president now owns 11,902 shares in the company, valued at $787,436.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Michael J. Ellis sold 28,825 shares of the firm’s stock in a transaction dated Monday, December 12th. The shares were sold at an average price of $65.15, for a total value of $1,877,948.75. Following the transaction, the executive vice president now owns 8,101 shares of the company’s stock, valued at approximately $527,780.15. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by company insiders.
Johnson Controls International Stock Performance
JCI stock opened at $66.05 on Friday. The stock has a market capitalization of $45.36 billion, a PE ratio of 29.89, a price-to-earnings-growth ratio of 1.40 and a beta of 1.21. Johnson Controls International plc has a 12-month low of $45.52 and a 12-month high of $75.20. The company has a current ratio of 1.04, a quick ratio of 0.82 and a debt-to-equity ratio of 0.43. The stock’s 50 day simple moving average is $65.93 and its 200 day simple moving average is $58.30.
Johnson Controls International (NYSE:JCI – Get Rating) last released its quarterly earnings results on Thursday, November 3rd. The company reported $0.99 earnings per share for the quarter, meeting the consensus estimate of $0.99. The firm had revenue of $6.73 billion for the quarter, compared to analysts’ expectations of $6.78 billion. Johnson Controls International had a return on equity of 11.83% and a net margin of 6.06%. As a group, research analysts forecast that Johnson Controls International plc will post 3.49 earnings per share for the current fiscal year.
Johnson Controls International Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Monday, December 19th were paid a $0.35 dividend. The ex-dividend date was Friday, December 16th. This represents a $1.40 dividend on an annualized basis and a yield of 2.12%. Johnson Controls International’s payout ratio is presently 63.35%.
Johnson Controls International Profile
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.
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