Arizona State Retirement System Has $15.11 Million Holdings in Johnson Controls International plc (NYSE:JCI)

Arizona State Retirement System cut its stake in shares of Johnson Controls International plc (NYSE:JCI) by 0.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 191,394 shares of the company’s stock after selling 1,765 shares during the quarter. Arizona State Retirement System’s holdings in Johnson Controls International were worth $15,107,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of JCI. Compass Financial Services Inc acquired a new position in shares of Johnson Controls International during the fourth quarter worth $26,000. SBI Securities Co. Ltd. acquired a new stake in Johnson Controls International in the fourth quarter valued at $29,000. Synergy Asset Management LLC acquired a new stake in Johnson Controls International in the fourth quarter valued at $42,000. ST Germain D J Co. Inc. increased its holdings in Johnson Controls International by 32.8% in the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock valued at $43,000 after purchasing an additional 134 shares during the period. Finally, Western Pacific Wealth Management LP acquired a new stake in Johnson Controls International in the third quarter valued at $44,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Controls International Price Performance

JCI stock opened at $82.29 on Thursday. The stock has a market capitalization of $54.32 billion, a PE ratio of 31.41, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32. The company’s 50-day moving average is $82.50 and its 200-day moving average is $79.34. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86. Johnson Controls International plc has a 1 year low of $59.83 and a 1 year high of $91.14.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. Equities research analysts expect that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Analysts Set New Price Targets

JCI has been the subject of a number of recent research reports. Citigroup decreased their price objective on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Wells Fargo & Company increased their price objective on Johnson Controls International from $92.00 to $98.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Oppenheimer increased their price objective on Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. StockNews.com downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Morgan Stanley increased their price objective on Johnson Controls International from $95.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $91.13.

Insider Transactions at Johnson Controls International

In related news, EVP Marlon Sullivan sold 7,230 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total value of $602,620.50. Following the transaction, the executive vice president now owns 32,246 shares of the company’s stock, valued at approximately $2,687,704.10. This trade represents a 18.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Nathan D. Manning sold 1,421 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $76.44, for a total transaction of $108,621.24. Following the completion of the transaction, the vice president now directly owns 148,346 shares in the company, valued at approximately $11,339,568.24. The trade was a 0.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 837,777 shares of company stock valued at $72,867,455 in the last 90 days. 0.54% of the stock is currently owned by corporate insiders.

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.