IBM Retirement Fund Has $1.11 Million Stake in Johnson Controls International PLC (NYSE:JCI)

IBM Retirement Fund boosted its position in Johnson Controls International PLC (NYSE:JCI) by 123.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,889 shares of the auto parts company’s stock after buying an additional 12,666 shares during the period. IBM Retirement Fund’s holdings in Johnson Controls International PLC were worth $1,109,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JCI. Lazard Asset Management LLC increased its position in Johnson Controls International PLC by 20.1% in the first quarter. Lazard Asset Management LLC now owns 11,231,816 shares of the auto parts company’s stock worth $473,083,000 after buying an additional 1,883,034 shares in the last quarter. OppenheimerFunds Inc. increased its position in Johnson Controls International PLC by 31.3% in the first quarter. OppenheimerFunds Inc. now owns 11,209,265 shares of the auto parts company’s stock worth $472,135,000 after buying an additional 2,670,778 shares in the last quarter. Bank of New York Mellon Corp increased its position in Johnson Controls International PLC by 19.2% in the first quarter. Bank of New York Mellon Corp now owns 9,214,364 shares of the auto parts company’s stock worth $388,108,000 after buying an additional 1,483,178 shares in the last quarter. Geode Capital Management LLC increased its position in Johnson Controls International PLC by 9.3% in the first quarter. Geode Capital Management LLC now owns 9,137,888 shares of the auto parts company’s stock worth $384,341,000 after buying an additional 780,842 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in Johnson Controls International PLC by 8.3% in the first quarter. Ameriprise Financial Inc. now owns 8,827,941 shares of the auto parts company’s stock worth $371,848,000 after buying an additional 672,912 shares in the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Johnson Controls International PLC (JCI) traded up 0.43% during trading on Friday, reaching $37.05. The company’s stock had a trading volume of 4,523,953 shares. Johnson Controls International PLC has a 52 week low of $36.74 and a 52 week high of $49.83. The firm has a 50-day moving average price of $41.30 and a 200-day moving average price of $41.70. The firm’s market capitalization is $34.55 billion.

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 (EPS) for the quarter, meeting the consensus estimate of $0.71. Johnson Controls International PLC had a negative net margin of 0.43% and a positive return on equity of 11.74%. The company had revenue of $7.67 billion for the quarter, compared to the consensus estimate of $7.72 billion. During the same period in the previous year, the business earned $1.07 EPS. The company’s revenue was up 48.8% on a year-over-year basis. On average, equities analysts anticipate that Johnson Controls International PLC will post $2.61 EPS for the current fiscal year.

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A number of analysts have weighed in on the company. BidaskClub cut Johnson Controls International PLC from a “sell” rating to a “strong sell” rating in a research report on Friday. TheStreet raised Johnson Controls International PLC from a “c” rating to a “b” rating in a research report on Thursday, July 27th. Wolfe Research assumed coverage on Johnson Controls International PLC in a research report on Tuesday, July 11th. They set a “market perform” rating for the company. Morgan Stanley decreased their price objective on Johnson Controls International PLC from $51.00 to $46.00 and set an “overweight” rating for the company in a research report on Monday, August 7th. Finally, Atlantic Securities cut Johnson Controls International PLC from an “overweight” rating to a “neutral” rating in a research report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $50.43.

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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