California State Teachers Retirement System Acquires 4,207 Shares of Johnson Controls International plc Ordinary Share (JCI)

California State Teachers Retirement System boosted its holdings in shares of Johnson Controls International plc Ordinary Share (NYSE:JCI) by 0.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,661,841 shares of the auto parts company’s stock after acquiring an additional 4,207 shares during the period. California State Teachers Retirement System’s holdings in Johnson Controls International plc Ordinary Share were worth $63,333,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Trustco Bank Corp N Y purchased a new position in Johnson Controls International plc Ordinary Share during the 3rd quarter valued at about $452,000. Gofen & Glossberg LLC IL lifted its position in Johnson Controls International plc Ordinary Share by 1.6% during the 4th quarter. Gofen & Glossberg LLC IL now owns 230,955 shares of the auto parts company’s stock valued at $8,802,000 after acquiring an additional 3,558 shares during the period. Moors & Cabot Inc. lifted its position in Johnson Controls International plc Ordinary Share by 83.7% during the 3rd quarter. Moors & Cabot Inc. now owns 44,482 shares of the auto parts company’s stock valued at $1,787,000 after acquiring an additional 20,262 shares during the period. Oppenheimer Asset Management Inc. lifted its position in Johnson Controls International plc Ordinary Share by 19.1% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 637,917 shares of the auto parts company’s stock valued at $25,701,000 after acquiring an additional 102,274 shares during the period. Finally, Highbridge Capital Management LLC purchased a new position in Johnson Controls International plc Ordinary Share during the 3rd quarter valued at about $299,000. 91.16% of the stock is owned by institutional investors.

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Shares of Johnson Controls International plc Ordinary Share (NYSE JCI) opened at $38.88 on Wednesday. Johnson Controls International plc Ordinary Share has a 12 month low of $34.51 and a 12 month high of $44.37. The company has a market cap of $35,840.00, a P/E ratio of 24.76, a PEG ratio of 1.27 and a beta of 0.84. The company has a quick ratio of 0.80, a current ratio of 1.11 and a debt-to-equity ratio of 0.51.

Johnson Controls International plc Ordinary Share (NYSE:JCI) last announced its quarterly earnings results on Wednesday, January 31st. The auto parts company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03. Johnson Controls International plc Ordinary Share had a net margin of 5.92% and a return on equity of 11.73%. The firm had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.19 billion. During the same period in the previous year, the business posted $0.53 earnings per share. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. research analysts anticipate that Johnson Controls International plc Ordinary Share will post 2.79 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Monday, March 19th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Friday, March 16th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.67%. Johnson Controls International plc Ordinary Share’s dividend payout ratio is presently 66.24%.

Johnson Controls International plc Ordinary Share announced that its Board of Directors has initiated a stock repurchase plan on Thursday, December 7th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the auto parts company to purchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

A number of brokerages recently issued reports on JCI. ValuEngine cut shares of Johnson Controls International plc Ordinary Share from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Cowen restated a “hold” rating and set a $42.00 price objective on shares of Johnson Controls International plc Ordinary Share in a research note on Wednesday, February 7th. Robert W. Baird lowered shares of Johnson Controls International plc Ordinary Share from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $48.00 to $42.00 in a research note on Friday, January 5th. Goldman Sachs Group lowered shares of Johnson Controls International plc Ordinary Share from a “neutral” rating to a “sell” rating and raised their price objective for the company from $37.36 to $44.00 in a research note on Thursday, December 7th. Finally, UBS Group began coverage on shares of Johnson Controls International plc Ordinary Share in a research note on Monday, January 22nd. They set a “buy” rating for the company. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company’s stock. Johnson Controls International plc Ordinary Share currently has an average rating of “Hold” and a consensus price target of $46.25.

In related news, insider Rodney M. Rushing sold 14,199 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $37.88, for a total transaction of $537,858.12. Following the completion of the sale, the insider now directly owns 39,847 shares in the company, valued at $1,509,404.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Jeffrey M. Williams sold 27,734 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $40.00, for a total transaction of $1,109,360.00. Following the sale, the vice president now owns 201,961 shares of the company’s stock, valued at $8,078,440. The disclosure for this sale can be found here. Insiders own 0.43% of the company’s stock.

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About Johnson Controls International plc Ordinary Share

Johnson Controls, Inc is a technology company. The Company provides products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles, and seating and interior systems for automobiles. The Company operates in two segments: Building Efficiency and Power Solutions.

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Institutional Ownership by Quarter for Johnson Controls International plc Ordinary Share (NYSE:JCI)

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