BlackRock Inc. reduced its position in shares of Johnson Controls International PLC (NYSE:JCI) by 9.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 51,978,662 shares of the auto parts company’s stock after selling 5,618,269 shares during the quarter. BlackRock Inc. owned about 5.57% of Johnson Controls International PLC worth $2,253,795,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. CHICAGO TRUST Co NA raised its stake in Johnson Controls International PLC by 0.5% during the 2nd quarter. CHICAGO TRUST Co NA now owns 7,679 shares of the auto parts company’s stock worth $333,000 after buying an additional 36 shares during the period. First Interstate Bank raised its stake in Johnson Controls International PLC by 0.9% during the 2nd quarter. First Interstate Bank now owns 7,069 shares of the auto parts company’s stock worth $307,000 after buying an additional 62 shares during the period. Stanley Laman Group Ltd. raised its stake in Johnson Controls International PLC by 0.6% during the 2nd quarter. Stanley Laman Group Ltd. now owns 11,410 shares of the auto parts company’s stock worth $495,000 after buying an additional 63 shares during the period. Banced Corp raised its stake in Johnson Controls International PLC by 0.7% during the 2nd quarter. Banced Corp now owns 11,954 shares of the auto parts company’s stock worth $519,000 after buying an additional 84 shares during the period. Finally, River Wealth Advisors LLC raised its stake in Johnson Controls International PLC by 1.1% during the 2nd quarter. River Wealth Advisors LLC now owns 11,070 shares of the auto parts company’s stock worth $480,000 after buying an additional 117 shares during the period. 86.17% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Johnson Controls International PLC (JCI) traded down 0.22% during trading on Friday, reaching $40.01. The company’s stock had a trading volume of 1,548,797 shares. The company’s market capitalization is $37.31 billion. Johnson Controls International PLC has a one year low of $36.74 and a one year high of $46.86. The firm’s 50-day moving average price is $39.04 and its 200-day moving average price is $41.35.

Johnson Controls International PLC (NYSE:JCI) last announced its earnings results on Thursday, July 27th. The auto parts company reported $0.71 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.71. The business had revenue of $7.67 billion during 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 company’s quarterly revenue was up 48.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.07 EPS. On average, equities analysts anticipate that Johnson Controls International PLC will post $2.61 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Monday, September 25th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, September 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 2.49%. Johnson Controls International PLC’s dividend payout ratio is presently -196.08%.

Several analysts have recently commented on JCI shares. Zacks Investment Research downgraded Johnson Controls International PLC from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Robert W. Baird reissued a “buy” rating and issued a $50.00 price objective on shares of Johnson Controls International PLC in a research note on Monday, August 28th. Cowen and Company reissued an “outperform” rating and issued a $52.00 price objective on shares of Johnson Controls International PLC in a research note on Friday, May 19th. Gabelli raised Johnson Controls International PLC from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research note on Friday, July 28th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $43.00 price objective (down from $48.00) on shares of Johnson Controls International PLC in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company’s stock. Johnson Controls International PLC has an average rating of “Hold” and a consensus price target of $49.63.

About Johnson Controls International PLC

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 (NYSE:JCI)

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