California State Teachers Retirement System lowered its holdings in shares of Johnson Controls International plc Ordinary Share (NYSE:JCI) by 7.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,657,634 shares of the auto parts company’s stock after selling 137,565 shares during the quarter. California State Teachers Retirement System owned approximately 0.18% of Johnson Controls International plc Ordinary Share worth $66,786,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Bessemer Group Inc. lifted its position in shares of Johnson Controls International plc Ordinary Share by 5.5% in the second quarter. Bessemer Group Inc. now owns 2,550 shares of the auto parts company’s stock valued at $110,000 after acquiring an additional 133 shares in the last quarter. Perigon Wealth Management LLC lifted its position in shares of Johnson Controls International plc Ordinary Share by 171.7% in the second quarter. Perigon Wealth Management LLC now owns 2,663 shares of the auto parts company’s stock valued at $116,000 after acquiring an additional 1,683 shares in the last quarter. Harfst & Associates Inc. lifted its position in shares of Johnson Controls International plc Ordinary Share by 16.9% in the second quarter. Harfst & Associates Inc. now owns 2,691 shares of the auto parts company’s stock valued at $116,000 after acquiring an additional 389 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its position in shares of Johnson Controls International plc Ordinary Share by 43.2% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,882 shares of the auto parts company’s stock valued at $168,000 after acquiring an additional 1,171 shares in the last quarter. Finally, Cable Hill Partners LLC lifted its position in shares of Johnson Controls International plc Ordinary Share by 226.4% in the third quarter. Cable Hill Partners LLC now owns 4,380 shares of the auto parts company’s stock valued at $176,000 after acquiring an additional 3,038 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.

Several equities research analysts recently commented on JCI shares. BidaskClub cut Johnson Controls International plc Ordinary Share from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Cowen reaffirmed an “outperform” rating and issued a $48.00 price target on shares of Johnson Controls International plc Ordinary Share in a report on Monday, August 21st. Robert W. Baird reaffirmed a “buy” rating and issued a $50.00 price target on shares of Johnson Controls International plc Ordinary Share in a report on Monday, August 28th. Zacks Investment Research raised Johnson Controls International plc Ordinary Share from a “sell” rating to a “hold” rating in a report on Tuesday, September 5th. Finally, Morgan Stanley set a $48.00 price target on Johnson Controls International plc Ordinary Share and gave the company an “overweight” rating in a report on Monday, October 2nd. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $47.77.

In other news, VP Jeffrey M. Williams sold 1,955 shares of Johnson Controls International plc Ordinary Share stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $41.43, for a total value of $80,995.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO George Oliver acquired 27,300 shares of the company’s stock in a transaction dated Friday, November 24th. The stock was purchased at an average cost of $36.80 per share, with a total value of $1,004,640.00. Following the completion of the purchase, the chief executive officer now directly owns 634,732 shares of the company’s stock, valued at approximately $23,358,137.60. The disclosure for this purchase can be found here. 0.48% of the stock is owned by company insiders.

Johnson Controls International plc Ordinary Share (JCI) traded down $0.59 during mid-day trading on Thursday, reaching $37.66. The company’s stock had a trading volume of 5,143,600 shares, compared to its average volume of 5,197,560. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.77 and a current ratio of 1.04. The firm has a market capitalization of $35,397.89, a PE ratio of 14.65, a price-to-earnings-growth ratio of 1.04 and a beta of 0.90. Johnson Controls International plc Ordinary Share has a one year low of $34.51 and a one year high of $44.70.

Johnson Controls International plc Ordinary Share (NYSE:JCI) last posted its earnings results on Thursday, November 9th. The auto parts company reported $0.87 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.87. The company had revenue of $8.14 billion during the quarter, compared to analysts’ expectations of $8.10 billion. Johnson Controls International plc Ordinary Share had a return on equity of 11.91% and a net margin of 6.32%. The firm’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.21 earnings per share. analysts predict that Johnson Controls International plc Ordinary Share will post 2.78 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Monday, December 18th will be paid a dividend of $0.26 per share. This is a boost from Johnson Controls International plc Ordinary Share’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, December 15th. This represents a $1.04 annualized dividend and a yield of 2.76%. Johnson Controls International plc Ordinary Share’s dividend payout ratio (DPR) is 49.26%.

Johnson Controls International plc Ordinary Share declared that its board has initiated a share buyback plan on Thursday, December 7th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the auto parts company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

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About Johnson Controls International plc Ordinary Share

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.

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

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