Principal Financial Group Inc. Has $89.65 Million Position in Johnson Controls International plc $JCI

Principal Financial Group Inc. cut its stake in shares of Johnson Controls International plc (NYSE:JCI) by 1.5% during the first quarter, HoldingsChannel.com reports. The firm owned 684,627 shares of the company’s stock after selling 10,338 shares during the period. Principal Financial Group Inc.’s holdings in Johnson Controls International were worth $89,652,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in JCI. Maseco LLP boosted its stake in shares of Johnson Controls International by 102.9% during the 4th quarter. Maseco LLP now owns 211 shares of the company’s stock valued at $25,000 after buying an additional 107 shares during the period. Mcguire Capital Advisors Inc. acquired a new position in shares of Johnson Controls International in the fourth quarter worth $27,000. Roxbury Financial LLC increased its stake 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 worth $29,000 after acquiring an additional 100 shares during the last quarter. Twin Tree Management LP raised its holdings in shares of Johnson Controls International by 140.9% during the fourth quarter. Twin Tree Management LP now owns 260 shares of the company’s stock worth $31,000 after acquiring an additional 895 shares in the last quarter. Finally, YANKCOM Partnership purchased a new stake in shares of Johnson Controls International during the fourth quarter worth $34,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on JCI. JPMorgan Chase & Co. boosted their target price on Johnson Controls International from $158.00 to $162.00 in a research note on Thursday, May 7th. Zacks Research upgraded Johnson Controls International from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. Evercore assumed coverage on Johnson Controls International in a research note on Monday, April 13th. They issued a “hold” rating and a $155.00 price target for the company. Oppenheimer restated a “market perform” rating on shares of Johnson Controls International in a report on Tuesday, June 2nd. Finally, Jefferies Financial Group raised their price objective on shares of Johnson Controls International from $125.00 to $135.00 and gave the company a “hold” rating in a research report on Wednesday, April 15th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Johnson Controls International presently has an average rating of “Moderate Buy” and a consensus target price of $152.85.

Insider Activity at Johnson Controls International

In related 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 completion of the sale, the vice president directly owned 26,215 shares in the company, valued at approximately $3,832,633. The trade was a 6.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 sale, the vice president directly owned 57,059 shares of the company’s stock, valued at $8,044,748.41. The trade was a 60.88% decrease in their position. The SEC filing for this sale provides additional information. 0.29% of the stock is currently owned by insiders.

Johnson Controls International Trading Down 1.7%

Johnson Controls International stock opened at $142.79 on Thursday. 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 has a market capitalization of $87.12 billion, a price-to-earnings ratio of 25.54, a PEG ratio of 1.56 and a beta of 1.31. Johnson Controls International plc has a one year low of $102.09 and a one year high of $151.18. The company’s fifty day moving average price is $141.86 and its two-hundred day moving average price is $135.11.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Tuesday, March 31st. The company reported $1.19 earnings per share for the quarter. Johnson Controls International had a return on equity of 19.50% and a net margin of 14.45%.The company had revenue of $6.14 billion for the quarter. On average, analysts forecast that Johnson Controls International plc will post 4.9 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, June 15th. Johnson Controls International’s dividend payout ratio (DPR) is presently 28.62%.

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.