Illinois Municipal Retirement Fund Increases Holdings in Johnson Controls International plc $JCI

Illinois Municipal Retirement Fund boosted its position in Johnson Controls International plc (NYSE:JCI) by 202.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,746 shares of the company’s stock after buying an additional 45,359 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Johnson Controls International were worth $8,871,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Maseco LLP increased its holdings in shares of Johnson Controls International by 102.9% in the fourth quarter. Maseco LLP now owns 211 shares of the company’s stock worth $25,000 after buying an additional 107 shares during the period. Mcguire Capital Advisors Inc. bought a new stake in Johnson Controls International in the 4th quarter worth $27,000. Roxbury Financial LLC increased its position in shares of Johnson Controls International by 71.9% in the fourth quarter. Roxbury Financial LLC now owns 239 shares of the company’s stock valued at $29,000 after acquiring an additional 100 shares during the period. Twin Tree Management LP increased its position in shares of Johnson Controls International by 140.9% in the fourth quarter. Twin Tree Management LP now owns 260 shares of the company’s stock valued at $31,000 after acquiring an additional 895 shares during the period. Finally, YANKCOM Partnership bought a new position in shares of Johnson Controls International during the fourth quarter valued at about $34,000. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Price Performance

Shares of NYSE JCI opened at $141.34 on Friday. Johnson Controls International plc has a 1 year low of $102.09 and a 1 year high of $151.18. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.04 and a quick ratio of 0.85. The company’s 50-day moving average is $141.90 and its 200 day moving average is $135.24. The stock has a market capitalization of $86.23 billion, a P/E ratio of 25.28, a P/E/G ratio of 1.53 and a beta of 1.31.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $1.19 EPS for the quarter. The business had revenue of $6.14 billion during the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. On average, sell-side analysts expect that Johnson Controls International plc will post 4.9 earnings per share for the current year.

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 15th were paid a $0.40 dividend. 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 dividend payout ratio is presently 28.62%.

Insider Transactions at Johnson Controls International

In other news, VP Todd M. Grabowski sold 1,800 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total value of $263,160.00. Following the sale, the vice president directly owned 26,215 shares of the company’s stock, valued at $3,832,633. The trade was a 6.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Lei Zhang Schlitz sold 88,809 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $140.99, for a total value of $12,521,180.91. Following the completion of the sale, the vice president owned 57,059 shares in the company, valued at $8,044,748.41. The trade was a 60.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.29% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating in a report on Sunday, May 3rd. Morgan Stanley boosted their price target on Johnson Controls International from $140.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, June 9th. Wolfe Research reaffirmed an “outperform” rating and set a $171.00 price target on shares of Johnson Controls International in a research report on Wednesday, June 3rd. HSBC increased their price objective on Johnson Controls International from $127.00 to $136.00 in a report on Thursday, May 7th. Finally, BNP Paribas Exane assumed coverage on Johnson Controls International in a research report on Tuesday, April 14th. They issued an “underperform” rating and a $120.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.