Johnson Controls International PLC (JCI) Holdings Cut by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its stake in shares of Johnson Controls International PLC (NYSE:JCI) by 1.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,474,392 shares of the auto parts company’s stock after selling 21,908 shares during the period. New York State Teachers Retirement System owned 0.16% of Johnson Controls International PLC worth $59,403,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of JCI. Dodge & Cox lifted its holdings in Johnson Controls International PLC by 83.5% during the second quarter. Dodge & Cox now owns 57,851,274 shares of the auto parts company’s stock valued at $2,508,431,000 after purchasing an additional 26,319,624 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Johnson Controls International PLC by 144.1% during the second quarter. The Manufacturers Life Insurance Company now owns 4,877,880 shares of the auto parts company’s stock valued at $211,505,000 after purchasing an additional 2,879,948 shares in the last quarter. Capital World Investors lifted its holdings in Johnson Controls International PLC by 4.7% during the second quarter. Capital World Investors now owns 42,405,917 shares of the auto parts company’s stock valued at $1,838,721,000 after purchasing an additional 1,917,892 shares in the last quarter. Strs Ohio purchased a new position in Johnson Controls International PLC during the second quarter valued at $77,094,000. Finally, Bain Capital Public Equity Management LLC purchased a new position in Johnson Controls International PLC during the second quarter valued at $76,382,000. 86.04% of the stock is currently owned by institutional investors and hedge funds.

In related news, VP Jeffrey M. Williams sold 1,955 shares of the stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $41.43, for a total transaction of $80,995.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.48% of the stock is currently owned by corporate insiders.

Several equities analysts have issued reports on JCI shares. Zacks Investment Research raised shares of Johnson Controls International PLC from a “sell” rating to a “hold” rating in a report on Tuesday, September 5th. Morgan Stanley reiterated an “overweight” rating and issued a $51.00 target price (up from $50.00) on shares of Johnson Controls International PLC in a research report on Monday, July 10th. Citigroup Inc. reiterated a “buy” rating and issued a $50.00 target price (up from $47.00) on shares of Johnson Controls International PLC in a research report on Monday, October 9th. Robert W. Baird reiterated a “buy” rating and issued a $50.00 target price on shares of Johnson Controls International PLC in a research report on Monday, August 28th. Finally, Gabelli upgraded shares of Johnson Controls International PLC from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the stock. Johnson Controls International PLC currently has an average rating of “Hold” and a consensus target price of $48.29.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Monday, September 25th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend was Friday, September 22nd. Johnson Controls International PLC’s dividend payout ratio (DPR) is presently -196.08%.

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Johnson Controls International PLC Profile

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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