New York State Common Retirement Fund Grows Stake in Johnson Controls International PLC (JCI)

New York State Common Retirement Fund lifted its stake in shares of Johnson Controls International PLC (NYSE:JCI) by 9.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,403,469 shares of the auto parts company’s stock after purchasing an additional 204,335 shares during the period. New York State Common Retirement Fund owned about 0.26% of Johnson Controls International PLC worth $104,214,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. American International Group Inc. increased its stake in shares of Johnson Controls International PLC by 0.8% during the first quarter. American International Group Inc. now owns 467,845 shares of the auto parts company’s stock worth $19,706,000 after purchasing an additional 3,499 shares in the last quarter. Financial Counselors Inc. boosted its position in Johnson Controls International PLC by 2.8% during the first quarter. Financial Counselors Inc. now owns 21,317 shares of the auto parts company’s stock worth $898,000 after acquiring an additional 586 shares during the last quarter. Schafer Cullen Capital Management Inc. boosted its position in Johnson Controls International PLC by 9.5% during the first quarter. Schafer Cullen Capital Management Inc. now owns 2,083,531 shares of the auto parts company’s stock worth $87,758,000 after acquiring an additional 180,821 shares during the last quarter. Trust Co. of Toledo NA OH boosted its position in Johnson Controls International PLC by 5.5% during the first quarter. Trust Co. of Toledo NA OH now owns 30,317 shares of the auto parts company’s stock worth $1,277,000 after acquiring an additional 1,579 shares during the last quarter. Finally, Federated Investors Inc. PA boosted its position in Johnson Controls International PLC by 368.6% during the second quarter. Federated Investors Inc. PA now owns 73,435 shares of the auto parts company’s stock worth $3,184,000 after acquiring an additional 57,764 shares during the last quarter. 86.08% of the stock is owned by institutional investors and hedge funds.

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Shares of Johnson Controls International PLC (NYSE:JCI) traded down 1.034% during midday trading on Tuesday, hitting $39.161. 1,037,729 shares of the company’s stock were exchanged. Johnson Controls International PLC has a 1-year low of $36.74 and a 1-year high of $46.86. The stock’s market cap is $36.51 billion. The stock’s 50 day moving average is $39.03 and its 200-day moving average is $41.30.

Johnson Controls International PLC (NYSE:JCI) last posted its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.71 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.71. The company had revenue of $7.67 billion for the quarter, compared to analyst estimates of $7.72 billion. Johnson Controls International PLC had a negative net margin of 0.43% and a positive return on equity of 11.74%. The business’s quarterly revenue was up 48.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.07 earnings per share. Analysts predict that Johnson Controls International PLC will post $2.61 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Monday, September 25th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, September 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.53%. Johnson Controls International PLC’s dividend payout ratio is currently -196.08%.

A number of equities analysts recently weighed in on the stock. Wolfe Research assumed coverage on shares of Johnson Controls International PLC in a research report on Tuesday, July 11th. They set a “market perform” rating on the stock. TheStreet upgraded shares of Johnson Controls International PLC from a “c” rating to a “b” rating in a research report on Thursday, July 27th. BidaskClub lowered shares of Johnson Controls International PLC from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Morgan Stanley lowered their price target on shares of Johnson Controls International PLC from $51.00 to $46.00 and set an “overweight” rating on the stock in a research report on Monday, August 7th. Finally, Zacks Investment Research upgraded shares of Johnson Controls International PLC from a “sell” rating to a “hold” rating in a research report on Tuesday, September 5th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the stock. Johnson Controls International PLC currently has an average rating of “Hold” and an average target price of $49.13.

Johnson Controls International PLC Company Profile

Johnson Controls, Inc is a technology company. The Company provides products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles, and seating and interior systems for automobiles. The Company operates in two segments: Building Efficiency and Power Solutions.

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Institutional Ownership by Quarter for Johnson Controls International PLC (NYSE:JCI)

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