State of Michigan Retirement System Raises Stock Position in Johnson Controls International plc (NYSE:JCI)

State of Michigan Retirement System boosted its position in Johnson Controls International plc (NYSE:JCI) by 0.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 204,642 shares of the company’s stock after purchasing an additional 500 shares during the quarter. State of Michigan Retirement System’s holdings in Johnson Controls International were worth $13,367,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Miracle Mile Advisors LLC lifted its position in Johnson Controls International by 1.6% during the first quarter. Miracle Mile Advisors LLC now owns 16,908 shares of the company’s stock valued at $1,104,000 after purchasing an additional 268 shares during the last quarter. Kowal Investment Group LLC purchased a new stake in Johnson Controls International during the first quarter valued at about $224,000. BKM Wealth Management LLC lifted its stake in Johnson Controls International by 48.6% during the first quarter. BKM Wealth Management LLC now owns 3,609 shares of the company’s stock worth $236,000 after purchasing an additional 1,181 shares during the last quarter. Optas LLC purchased a new position in shares of Johnson Controls International in the 1st quarter worth about $202,000. Finally, Founders Financial Securities LLC bought a new position in shares of Johnson Controls International during the 1st quarter valued at about $248,000. 90.05% of the stock is owned by institutional investors.

Johnson Controls International Stock Up 1.2 %

Johnson Controls International stock opened at $66.32 on Wednesday. The company has a current ratio of 0.87, a quick ratio of 0.65 and a debt-to-equity ratio of 0.44. The firm has a market cap of $44.68 billion, a price-to-earnings ratio of 26.85, a PEG ratio of 1.73 and a beta of 1.28. The stock has a fifty day simple moving average of $68.26 and a two-hundred day simple moving average of $62.35. Johnson Controls International plc has a 12 month low of $47.90 and a 12 month high of $74.23.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. The firm had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.51 billion. Johnson Controls International had a return on equity of 13.21% and a net margin of 6.32%. The company’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same period last year, the business posted $0.75 EPS. Equities analysts predict that Johnson Controls International plc will post 3.59 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Monday, June 24th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date is Monday, June 24th. Johnson Controls International’s payout ratio is 59.92%.

Wall Street Analyst Weigh In

Several analysts have issued reports on JCI shares. Oppenheimer upped their target price on Johnson Controls International from $70.00 to $76.00 and gave the stock an “outperform” rating in a research note on Thursday, June 27th. UBS Group cut shares of Johnson Controls International from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $74.00 to $68.00 in a research report on Monday, May 6th. Wells Fargo & Company upped their price target on shares of Johnson Controls International from $64.00 to $73.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Barclays raised their price objective on Johnson Controls International from $59.00 to $62.00 and gave the company an “equal weight” rating in a research note on Friday, June 21st. Finally, Citigroup raised their price target on Johnson Controls International from $59.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $63.82.

Insider Transactions at Johnson Controls International

In related news, VP Daniel C. Mcconeghy sold 9,342 shares of Johnson Controls International stock in a transaction on Friday, May 10th. The stock was sold at an average price of $65.50, for a total transaction of $611,901.00. Following the transaction, the vice president now directly owns 25,378 shares in the company, valued at $1,662,259. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 9,342 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $65.50, for a total value of $611,901.00. Following the completion of the transaction, the vice president now directly owns 25,378 shares in the company, valued at $1,662,259. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Nathan D. Manning sold 3,000 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $62.86, for a total value of $188,580.00. Following the completion of the sale, the chief operating officer now owns 106,891 shares of the company’s stock, valued at approximately $6,719,168.26. The disclosure for this sale can be found here. Insiders sold 17,881 shares of company stock worth $1,149,995 in the last three months. Corporate insiders own 0.69% of the company’s stock.

Johnson Controls International Company 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.