IBM Retirement Fund lessened its stake in shares of Johnson Controls International PLC (NYSE:JCI) by 11.4% during the second quarter, HoldingsChannel.com reports. The fund owned 20,353 shares of the auto parts company’s stock after selling 2,621 shares during the period. IBM Retirement Fund’s holdings in Johnson Controls International were worth $681,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. First PREMIER Bank acquired a new position in shares of Johnson Controls International during the second quarter valued at approximately $118,000. Resources Investment Advisors Inc. increased its stake in shares of Johnson Controls International by 132.4% during the first quarter. Resources Investment Advisors Inc. now owns 3,681 shares of the auto parts company’s stock valued at $129,000 after acquiring an additional 2,097 shares during the period. FTB Advisors Inc. acquired a new position in shares of Johnson Controls International during the second quarter valued at approximately $138,000. Well Done LLC acquired a new position in shares of Johnson Controls International during the first quarter valued at approximately $156,000. Finally, Boston Private Wealth LLC acquired a new position in shares of Johnson Controls International during the first quarter valued at approximately $202,000. Institutional investors and hedge funds own 92.88% of the company’s stock.

Johnson Controls International stock opened at $38.83 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.79 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $35.40 billion, a price-to-earnings ratio of 14.93, a price-to-earnings-growth ratio of 1.24 and a beta of 0.85. Johnson Controls International PLC has a 1 year low of $32.89 and a 1 year high of $42.60.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Tuesday, July 31st. The auto parts company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.02. Johnson Controls International had a net margin of 7.27% and a return on equity of 11.84%. The firm had revenue of $8.12 billion during the quarter, compared to analyst estimates of $7.96 billion. During the same quarter last year, the business posted $0.71 EPS. The company’s revenue was up 5.9% on a year-over-year basis. sell-side analysts predict that Johnson Controls International PLC will post 2.81 earnings per share for the current year.

A number of research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research note on Tuesday, June 12th. Royal Bank of Canada restated a “sell” rating and issued a $34.00 price target on shares of Johnson Controls International in a research report on Wednesday, August 1st. Citigroup lifted their price target on shares of Johnson Controls International from $45.00 to $46.00 and gave the stock a “buy” rating in a research report on Thursday, August 2nd. ValuEngine upgraded shares of Johnson Controls International from a “strong sell” rating to a “sell” rating in a research report on Monday, July 30th. Finally, UBS Group decreased their price target on shares of Johnson Controls International from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Thursday, August 30th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $42.00.

Johnson Controls International Profile

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.

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

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