State Street Corp Acquires 621,319 Shares of Johnson Controls International plc $JCI

State Street Corp grew its stake in Johnson Controls International plc (NYSE:JCI) by 2.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,283,873 shares of the company’s stock after acquiring an additional 621,319 shares during the period. State Street Corp owned 4.67% of Johnson Controls International worth $4,143,674,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Franklin Resources Inc. boosted its position in Johnson Controls International by 3.3% during the fourth quarter. Franklin Resources Inc. now owns 22,655,105 shares of the company’s stock valued at $2,712,949,000 after purchasing an additional 718,245 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of Johnson Controls International by 1.7% during the 4th quarter. Fisher Asset Management LLC now owns 17,239,953 shares of the company’s stock worth $2,064,485,000 after purchasing an additional 280,704 shares during the last quarter. Invesco Ltd. raised its stake in shares of Johnson Controls International by 13.0% during the 4th quarter. Invesco Ltd. now owns 16,003,486 shares of the company’s stock worth $1,916,417,000 after purchasing an additional 1,837,220 shares in the last quarter. Norges Bank acquired a new stake in shares of Johnson Controls International in the 4th quarter valued at approximately $927,739,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Johnson Controls International by 1.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,179,181 shares of the company’s stock valued at $859,707,000 after buying an additional 71,296 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Insider Activity at Johnson Controls International

In related news, VP Lei Schlitz sold 23,417 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the transaction, the vice president directly owned 15,017 shares of the company’s stock, valued at approximately $2,298,652.19. This trade represents a 60.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on JCI. Sanford C. Bernstein boosted their target price on shares of Johnson Controls International from $173.00 to $190.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Zacks Research downgraded shares of Johnson Controls International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. Weiss Ratings restated a “buy (b)” rating on shares of Johnson Controls International in a research note on Friday, September 4th. Wall Street Zen cut shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Argus set a $175.00 target price on shares of Johnson Controls International in a report on Friday, August 7th. Twelve research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $155.75.

Johnson Controls International Stock Performance

NYSE:JCI traded up $0.48 during mid-day trading on Tuesday, hitting $145.66. 572,884 shares of the stock were exchanged, compared to its average volume of 4,204,313. The firm’s 50-day simple moving average is $144.84 and its 200 day simple moving average is $141.30. The stock has a market capitalization of $88.23 billion, a price-to-earnings ratio of 25.34, a price-to-earnings-growth ratio of 1.38 and a beta of 1.29. Johnson Controls International plc has a fifty-two week low of $104.49 and a fifty-two week high of $157.06. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.83 and a current ratio of 1.00.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.12. The firm had revenue of $6.61 billion for the quarter, compared to analyst estimates of $6.46 billion. Johnson Controls International had a return on equity of 22.11% and a net margin of 14.32%.The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.05 EPS. As a group, equities analysts anticipate that Johnson Controls International plc will post 5.08 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Monday, September 21st will be paid a $0.40 dividend. The ex-dividend date is Monday, September 21st. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Johnson Controls International’s dividend payout ratio is 27.83%.

Johnson Controls International Profile

Johnson Controls International plc (NYSE:JCI) is a global company focused on building technologies and solutions that improve the efficiency, safety and sustainability of buildings. Its offerings include heating, ventilation and air-conditioning systems, building automation and controls, fire detection and suppression equipment, security systems, and related digital technologies and services.

The company serves commercial, institutional, industrial and residential customers, helping organizations manage building operations, energy use, indoor air quality and physical security.