Johnson Controls International plc (NYSE:JCI) Stake Lowered by California Public Employees Retirement System

California Public Employees Retirement System decreased its stake in Johnson Controls International plc (NYSE:JCI) by 4.1% during the 4th quarter, HoldingsChannel reports. The firm owned 1,569,711 shares of the company’s stock after selling 66,357 shares during the period. California Public Employees Retirement System’s holdings in Johnson Controls International were worth $90,478,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in JCI. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Johnson Controls International in the 4th quarter valued at approximately $25,000. NBC Securities Inc. acquired a new stake in shares of Johnson Controls International in the third quarter worth $26,000. Headinvest LLC purchased a new position in shares of Johnson Controls International during the third quarter valued at $30,000. Moisand Fitzgerald Tamayo LLC acquired a new position in Johnson Controls International during the third quarter valued at $30,000. Finally, West Paces Advisors Inc. purchased a new stake in Johnson Controls International in the 3rd quarter worth about $31,000. 90.05% of the stock is owned by institutional investors and hedge funds.

Johnson Controls International Stock Performance

NYSE:JCI opened at $64.60 on Thursday. The firm has a market capitalization of $44.02 billion, a PE ratio of 21.04, a price-to-earnings-growth ratio of 1.64 and a beta of 1.24. The company has a quick ratio of 0.73, a current ratio of 0.97 and a debt-to-equity ratio of 0.45. Johnson Controls International plc has a 12-month low of $47.90 and a 12-month high of $70.43. The firm has a 50-day moving average price of $62.49 and a 200 day moving average price of $56.73.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Tuesday, January 30th. The company reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. The business had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $6.94 billion. Johnson Controls International had a return on equity of 13.08% and a net margin of 7.85%. Johnson Controls International’s revenue was up .4% on a year-over-year basis. During the same quarter last year, the company earned $0.67 EPS. Research analysts anticipate that Johnson Controls International plc will post 3.61 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Monday, March 25th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.29%. The ex-dividend date was Friday, March 22nd. Johnson Controls International’s dividend payout ratio is currently 48.21%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on JCI shares. HSBC downgraded Johnson Controls International from a “buy” rating to a “hold” rating and set a $60.00 target price on the stock. in a report on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $60.00 target price (down previously from $65.00) on shares of Johnson Controls International in a research report on Wednesday, January 31st. StockNews.com lowered Johnson Controls International from a “buy” rating to a “hold” rating in a report on Thursday, January 25th. Barclays lifted their target price on shares of Johnson Controls International from $59.00 to $61.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 2nd. Finally, Mizuho downgraded shares of Johnson Controls International from a “buy” rating to a “neutral” rating and set a $62.00 target price on the stock. in a research report on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Johnson Controls International has a consensus rating of “Hold” and an average target price of $64.50.

About Johnson Controls International

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.