New York State Common Retirement Fund Sells 90,000 Shares of Johnson Controls International PLC (JCI)

New York State Common Retirement Fund reduced its stake in shares of Johnson Controls International PLC (NYSE:JCI) by 3.7% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 2,336,069 shares of the auto parts company’s stock after selling 90,000 shares during the period. New York State Common Retirement Fund owned about 0.25% of Johnson Controls International worth $82,323,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Lafayette Investments Inc. increased its holdings in Johnson Controls International by 3.0% during the 4th quarter. Lafayette Investments Inc. now owns 48,175 shares of the auto parts company’s stock worth $1,836,000 after purchasing an additional 1,390 shares in the last quarter. State Treasurer State of Michigan increased its holdings in Johnson Controls International by 0.5% during the 1st quarter. State Treasurer State of Michigan now owns 272,687 shares of the auto parts company’s stock worth $9,609,000 after purchasing an additional 1,400 shares in the last quarter. Oarsman Capital Inc. increased its holdings in Johnson Controls International by 1.8% during the 4th quarter. Oarsman Capital Inc. now owns 80,318 shares of the auto parts company’s stock worth $3,061,000 after purchasing an additional 1,422 shares in the last quarter. Groesbeck Investment Management Corp NJ increased its holdings in Johnson Controls International by 18.2% during the 1st quarter. Groesbeck Investment Management Corp NJ now owns 9,370 shares of the auto parts company’s stock worth $330,000 after purchasing an additional 1,440 shares in the last quarter. Finally, Atria Investments LLC increased its holdings in Johnson Controls International by 7.6% during the 1st quarter. Atria Investments LLC now owns 21,927 shares of the auto parts company’s stock worth $773,000 after purchasing an additional 1,540 shares in the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

In other Johnson Controls International news, insider Rodney M. Rushing sold 8,148 shares of the stock in a transaction on Monday, May 14th. The stock was sold at an average price of $36.55, for a total transaction of $297,809.40. Following the completion of the transaction, the insider now directly owns 31,999 shares of the company’s stock, valued at $1,169,563.45. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.43% of the stock is currently owned by corporate insiders.

JCI has been the subject of a number of recent research reports. Oppenheimer reissued a “buy” rating and set a $45.00 price objective on shares of Johnson Controls International in a report on Thursday, February 1st. Zacks Investment Research raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a report on Wednesday, April 4th. Barclays initiated coverage on Johnson Controls International in a report on Thursday, February 15th. They issued an “equal weight” rating and a $41.00 target price for the company. Cowen reaffirmed a “hold” rating and issued a $42.00 target price on shares of Johnson Controls International in a report on Wednesday, February 7th. Finally, ValuEngine lowered Johnson Controls International from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $44.42.

Johnson Controls International opened at $34.64 on Monday, MarketBeat.com reports. The company has a market capitalization of $32.08 billion, a PE ratio of 13.32, a price-to-earnings-growth ratio of 1.12 and a beta of 0.87. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.12 and a quick ratio of 0.79. Johnson Controls International PLC has a 12-month low of $32.89 and a 12-month high of $44.37.

Johnson Controls International (NYSE:JCI) last released its earnings results on Tuesday, May 1st. The auto parts company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.01. Johnson Controls International had a return on equity of 11.60% and a net margin of 6.83%. The company had revenue of $7.48 billion during the quarter, compared to analyst estimates of $7.43 billion. During the same period in the prior year, the company posted $0.50 earnings per share. Johnson Controls International’s quarterly revenue was up 3.3% on a year-over-year basis. analysts anticipate that Johnson Controls International PLC will post 2.81 earnings per share for the current fiscal year.

About Johnson Controls International

Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Building Technologies & Solutions and Power Solutions segments. It designs, sells, controls, installs heating, ventilating, and air conditioning systems. The company also provides residential air conditioning and heating systems, and industrial refrigeration products, as well as technical and energy management consulting services.

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

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