New York State Common Retirement Fund Lowers Stock Position in Johnson Controls International plc (NYSE:JCI)

New York State Common Retirement Fund decreased its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 19.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 970,166 shares of the company's stock after selling 241,472 shares during the period. New York State Common Retirement Fund owned about 0.14% of Johnson Controls International worth $55,920,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. IFP Advisors Inc grew its stake in Johnson Controls International by 69.6% in the third quarter. IFP Advisors Inc now owns 5,504 shares of the company's stock valued at $293,000 after purchasing an additional 2,258 shares in the last quarter. DAVENPORT & Co LLC lifted its stake in shares of Johnson Controls International by 4.3% in the third quarter. DAVENPORT & Co LLC now owns 27,813 shares of the company's stock valued at $1,480,000 after buying an additional 1,136 shares during the period. GHP Investment Advisors Inc. grew its holdings in shares of Johnson Controls International by 38.5% during the 3rd quarter. GHP Investment Advisors Inc. now owns 1,014 shares of the company's stock worth $52,000 after purchasing an additional 282 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its position in shares of Johnson Controls International by 45.0% during the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 18,326 shares of the company's stock valued at $975,000 after purchasing an additional 5,691 shares during the period. Finally, UMB Bank n.a. lifted its position in Johnson Controls International by 5.2% in the third quarter. UMB Bank n.a. now owns 5,853 shares of the company's stock worth $311,000 after purchasing an additional 289 shares during the period. Hedge funds and other institutional investors own 90.05% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on JCI. Mizuho cut shares of Johnson Controls International from a "buy" rating to a "neutral" rating and set a $62.00 price objective for the company. in a research report on Friday, February 23rd. HSBC cut shares of Johnson Controls International from a "buy" rating to a "hold" rating and set a $60.00 target price for the company. in a research note on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $60.00 price objective (down from $65.00) on shares of Johnson Controls International in a research report on Wednesday, January 31st. Citigroup lifted their price objective on Johnson Controls International from $59.00 to $68.00 and gave the company a "neutral" rating in a report on Monday, April 8th. Finally, Oppenheimer increased their price target on shares of Johnson Controls International from $66.00 to $71.00 and gave the stock an "outperform" rating in a research report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Johnson Controls International currently has an average rating of "Hold" and a consensus price target of $64.50.

Johnson Controls International Price Performance

Shares of NYSE:JCI traded down $0.58 on Wednesday, reaching $64.60. The company's stock had a trading volume of 7,309,742 shares, compared to its average volume of 5,537,545. The company has a 50-day simple moving average of $62.34 and a 200 day simple moving average of $56.67. Johnson Controls International plc has a 52-week low of $47.90 and a 52-week high of $70.43. The company has a market cap of $44.02 billion, a P/E ratio of 21.23, a PEG ratio of 1.62 and a beta of 1.24. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.73 and a current ratio of 0.97.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. The company had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.94 billion. Johnson Controls International had a net margin of 7.85% and a return on equity of 13.08%. The firm's revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.67 EPS. As a group, equities research analysts anticipate that Johnson Controls International plc will post 3.61 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Monday, March 25th were paid a dividend of $0.37 per share. The ex-dividend date was Friday, March 22nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.29%. Johnson Controls International's dividend payout ratio is presently 48.21%.

Johnson Controls International Profile

Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.