New York State Common Retirement Fund Sells 241,472 Shares of Johnson Controls International plc (NYSE:JCI)

New York State Common Retirement Fund decreased its holdings in Johnson Controls International plc (NYSE:JCI) by 19.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 970,166 shares of the company’s stock after selling 241,472 shares during the quarter. New York State Common Retirement Fund’s holdings in Johnson Controls International were worth $55,920,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in JCI. Qube Research & Technologies Ltd lifted its position in Johnson Controls International by 178.1% in the 3rd quarter. Qube Research & Technologies Ltd now owns 2,287,801 shares of the company’s stock valued at $121,734,000 after acquiring an additional 1,465,136 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Johnson Controls International by 189.5% during the 3rd quarter. AQR Capital Management LLC now owns 991,249 shares of the company’s stock worth $52,744,000 after purchasing an additional 648,790 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Johnson Controls International by 35.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,387,899 shares of the company’s stock valued at $126,944,000 after buying an additional 618,920 shares in the last quarter. Hsbc Holdings PLC grew its stake in Johnson Controls International by 155.9% in the 3rd quarter. Hsbc Holdings PLC now owns 1,014,178 shares of the company’s stock valued at $53,732,000 after buying an additional 617,925 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of Johnson Controls International by 55.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,714,237 shares of the company’s stock valued at $91,215,000 after purchasing an additional 613,341 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $60.00 price target (down from $65.00) on shares of Johnson Controls International in a research report on Wednesday, January 31st. Argus downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Tuesday, February 20th. Barclays boosted their price target on shares of Johnson Controls International from $59.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 2nd. HSBC downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $60.00 price target for the company. in a research note on Wednesday, January 31st. Finally, Mizuho downgraded shares of Johnson Controls International from a “buy” rating to a “neutral” rating and set a $62.00 price target for the company. in a research note on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Johnson Controls International currently has an average rating of “Hold” and an average target price of $64.50.

Johnson Controls International Price Performance

Shares of JCI opened at $65.17 on Wednesday. The stock has a market cap of $44.41 billion, a PE ratio of 21.23, a price-to-earnings-growth 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 plc has a fifty-two week low of $47.90 and a fifty-two week high of $70.43. The firm’s 50-day simple moving average is $62.34 and its two-hundred day simple moving average is $56.67.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Tuesday, January 30th. The company reported $0.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.51. The business had revenue of $6.09 billion for the quarter, compared to analysts’ expectations of $6.94 billion. Johnson Controls International had a net margin of 7.85% and a return on equity of 13.08%. The business’s revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.67 earnings per share. Analysts anticipate that Johnson Controls International plc will post 3.61 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Monday, March 25th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend was Friday, March 22nd. Johnson Controls International’s dividend payout ratio (DPR) is presently 48.21%.

About Johnson Controls International

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.