California Public Employees Retirement System Cuts Stock Position in Johnson Controls International plc (NYSE:JCI)

California Public Employees Retirement System trimmed its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 4.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,569,711 shares of the company’s stock after selling 66,357 shares during the quarter. California Public Employees Retirement System owned 0.23% of Johnson Controls International worth $90,478,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JCI. IFP Advisors Inc raised its position in shares of Johnson Controls International by 69.6% in the 3rd quarter. IFP Advisors Inc now owns 5,504 shares of the company’s stock valued at $293,000 after purchasing an additional 2,258 shares during the last quarter. DAVENPORT & Co LLC increased its stake in shares of Johnson Controls International by 4.3% in the third quarter. DAVENPORT & Co LLC now owns 27,813 shares of the company’s stock worth $1,480,000 after acquiring an additional 1,136 shares during the period. GHP Investment Advisors Inc. raised its holdings in shares of Johnson Controls International by 38.5% during the third quarter. GHP Investment Advisors Inc. now owns 1,014 shares of the company’s stock worth $52,000 after purchasing an additional 282 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its holdings in Johnson Controls International by 45.0% in the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 18,326 shares of the company’s stock valued at $975,000 after purchasing an additional 5,691 shares during the last quarter. Finally, UMB Bank n.a. grew its position in Johnson Controls International by 5.2% during the 3rd quarter. UMB Bank n.a. now owns 5,853 shares of the company’s stock worth $311,000 after purchasing an additional 289 shares during the period. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on JCI shares. Argus cut shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Tuesday, February 20th. Royal Bank of Canada decreased their target price on Johnson Controls International from $50.00 to $48.00 and set an “underperform” rating on the stock in a research report on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $60.00 price target (down previously from $65.00) on shares of Johnson Controls International in a report on Wednesday, January 31st. StockNews.com lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. Finally, HSBC downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $60.00 price target for the company. in a research report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Johnson Controls International has an average rating of “Hold” and a consensus price target of $64.50.

Johnson Controls International Stock Performance

Shares of JCI stock opened at $64.60 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.73 and a current ratio of 0.97. The firm’s 50 day moving average price is $62.49 and its 200-day moving average price is $56.73. Johnson Controls International plc has a one year low of $47.90 and a one year high of $70.43. The firm has a market cap of $44.02 billion, a P/E ratio of 21.04, a P/E/G ratio of 1.64 and a beta of 1.24.

Johnson Controls International (NYSE:JCI) last released its earnings results on Tuesday, January 30th. The company reported $0.51 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.51. Johnson Controls International had a net margin of 7.85% and a return on equity of 13.08%. The company had revenue of $6.09 billion for the quarter, compared to analyst estimates of $6.94 billion. During the same period in the prior year, the business earned $0.67 EPS. The firm’s quarterly revenue was up .4% on a year-over-year basis. As a group, equities research analysts predict that Johnson Controls International plc will post 3.61 EPS for the current year.

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Monday, March 25th were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis 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%.

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.