Spears Abacus Advisors LLC reduced its holdings in shares of Johnson Controls International PLC (NYSE:JCI) by 8.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 272,223 shares of the auto parts company’s stock after selling 23,637 shares during the quarter. Johnson Controls International PLC makes up approximately 1.5% of Spears Abacus Advisors LLC’s holdings, making the stock its 25th biggest position. Spears Abacus Advisors LLC’s holdings in Johnson Controls International PLC were worth $11,804,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of JCI. UBS Asset Management Americas Inc. grew its stake in shares of Johnson Controls International PLC by 12.1% during the 1st quarter. UBS Asset Management Americas Inc. now owns 3,708,076 shares of the auto parts company’s stock worth $156,184,000 after acquiring an additional 399,404 shares in the last quarter. River & Mercantile Asset Management LLP grew its stake in shares of Johnson Controls International PLC by 5.1% during the 1st quarter. River & Mercantile Asset Management LLP now owns 182,921 shares of the auto parts company’s stock worth $7,706,000 after acquiring an additional 8,800 shares in the last quarter. United Services Automobile Association grew its stake in shares of Johnson Controls International PLC by 5.0% during the 1st quarter. United Services Automobile Association now owns 2,334,718 shares of the auto parts company’s stock worth $98,338,000 after acquiring an additional 112,128 shares in the last quarter. Gofen & Glossberg LLC IL bought a new position in shares of Johnson Controls International PLC during the 1st quarter worth approximately $3,545,000. Finally, OppenheimerFunds Inc. grew its stake in shares of Johnson Controls International PLC by 31.3% during the 1st quarter. OppenheimerFunds Inc. now owns 11,209,265 shares of the auto parts company’s stock worth $472,135,000 after acquiring an additional 2,670,778 shares in the last quarter. 86.08% of the stock is owned by institutional investors.

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Johnson Controls International PLC (NYSE:JCI) last announced 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 firm had revenue of $7.67 billion during the quarter, compared to the consensus estimate of $7.72 billion. Johnson Controls International PLC had a positive return on equity of 11.74% and a negative net margin of 0.43%. The business’s revenue for the quarter was up 48.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.07 EPS.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Monday, September 25th will be paid a $0.25 dividend. The ex-dividend date is Friday, September 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 2.51%. Johnson Controls International PLC’s dividend payout ratio (DPR) is presently -196.08%.

JCI has been the subject of several research reports. Wolfe Research initiated coverage on shares of Johnson Controls International PLC in a research note on Tuesday, July 11th. They set a “market perform” rating for the company. Morgan Stanley decreased their price target on shares of Johnson Controls International PLC from $51.00 to $46.00 and set an “overweight” rating for the company in a research note on Monday, August 7th. ValuEngine cut shares of Johnson Controls International PLC from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub cut shares of Johnson Controls International PLC from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Finally, Zacks Investment Research raised shares of Johnson Controls International PLC from a “sell” rating to a “hold” rating in a research note on Monday, September 11th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company. Johnson Controls International PLC has an average rating of “Hold” and a consensus target price of $48.86.

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.

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

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