Teachers Retirement System of The State of Kentucky Cuts Holdings in Johnson Controls International plc $JCI

Teachers Retirement System of The State of Kentucky decreased its holdings in Johnson Controls International plc (NYSE:JCI) by 7.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,164 shares of the company’s stock after selling 4,000 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Johnson Controls International were worth $6,308,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Diversify Wealth Management LLC increased its holdings in shares of Johnson Controls International by 58.0% in the 1st quarter. Diversify Wealth Management LLC now owns 3,792 shares of the company’s stock valued at $536,000 after acquiring an additional 1,392 shares during the period. Valmark Advisers Inc. purchased a new stake in shares of Johnson Controls International during the 1st quarter worth $445,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Johnson Controls International by 0.3% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 142,576 shares of the company’s stock valued at $18,670,000 after purchasing an additional 422 shares in the last quarter. Citizens Financial Group Inc. RI boosted its position in Johnson Controls International by 28.1% during the first quarter. Citizens Financial Group Inc. RI now owns 10,817 shares of the company’s stock valued at $1,420,000 after purchasing an additional 2,373 shares in the last quarter. Finally, Fifth Third Bancorp grew its stake in Johnson Controls International by 6.5% in the first quarter. Fifth Third Bancorp now owns 76,614 shares of the company’s stock valued at $10,033,000 after purchasing an additional 4,705 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Insider Buying and Selling

In other news, VP Lei Zhang Schlitz sold 88,809 shares of Johnson Controls International stock in a transaction on Friday, May 8th. The shares were sold at an average price of $140.99, for a total transaction of $12,521,180.91. Following the completion of the sale, the vice president directly owned 57,059 shares in the company, valued at approximately $8,044,748.41. The trade was a 60.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Todd M. Grabowski sold 1,800 shares of Johnson Controls International stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total transaction of $263,160.00. Following the sale, the vice president owned 26,215 shares of the company’s stock, valued at $3,832,633. The trade was a 6.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.29% of the company’s stock.

Johnson Controls International Price Performance

Shares of NYSE JCI opened at $143.98 on Tuesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.85 and a current ratio of 1.04. The company has a market cap of $87.84 billion, a PE ratio of 25.76, a P/E/G ratio of 1.53 and a beta of 1.31. The business has a 50-day simple moving average of $141.87 and a two-hundred day simple moving average of $134.79. Johnson Controls International plc has a fifty-two week low of $102.09 and a fifty-two week high of $151.18.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results 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, equities analysts expect that Johnson Controls International plc will post 4.92 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 15th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Monday, June 15th. Johnson Controls International’s payout ratio is currently 28.62%.

Analysts Set New Price Targets

JCI has been the subject of a number of recent research reports. Citigroup boosted their target price on shares of Johnson Controls International from $150.00 to $155.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Wall Street Zen raised shares of Johnson Controls International from a “hold” rating to a “buy” rating in a research report on Sunday, May 3rd. The Goldman Sachs Group boosted their price objective on shares of Johnson Controls International from $169.00 to $178.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Jefferies Financial Group increased their target price on shares of Johnson Controls International from $125.00 to $135.00 and gave the company a “hold” rating in a research report on Wednesday, April 15th. Finally, HSBC raised their target price on shares of Johnson Controls International from $127.00 to $136.00 in a research note on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $152.85.

About Johnson Controls International

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.