First Fiduciary Investment Counsel Inc. boosted its holdings in Johnson Controls International PLC (NYSE:JCI) by 3.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 346,318 shares of the auto parts company’s stock after purchasing an additional 11,427 shares during the period. Johnson Controls International comprises 2.2% of First Fiduciary Investment Counsel Inc.’s holdings, making the stock its 24th largest position. First Fiduciary Investment Counsel Inc.’s holdings in Johnson Controls International were worth $11,584,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. BlackRock Inc. boosted its position in Johnson Controls International by 0.3% in the second quarter. BlackRock Inc. now owns 53,069,368 shares of the auto parts company’s stock worth $1,775,171,000 after purchasing an additional 136,390 shares during the last quarter. Newport Trust Co purchased a new position in shares of Johnson Controls International during the 2nd quarter valued at $316,198,000. Aristotle Capital Management LLC lifted its position in shares of Johnson Controls International by 16.1% during the 1st quarter. Aristotle Capital Management LLC now owns 9,132,792 shares of the auto parts company’s stock valued at $321,840,000 after buying an additional 1,266,163 shares during the last quarter. Scopia Capital Management LP lifted its position in shares of Johnson Controls International by 5.2% during the 1st quarter. Scopia Capital Management LP now owns 8,335,643 shares of the auto parts company’s stock valued at $293,748,000 after buying an additional 412,417 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Johnson Controls International by 9.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,964,733 shares of the auto parts company’s stock valued at $166,061,000 after buying an additional 420,911 shares during the last quarter. 92.89% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently commented on JCI shares. ValuEngine cut Johnson Controls International from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 2nd. Morgan Stanley started coverage on Johnson Controls International in a research report on Monday, August 20th. They set an “equal weight” rating and a $40.00 price target on the stock. Zacks Investment Research cut Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Monday, July 16th. Royal Bank of Canada reaffirmed a “sell” rating and set a $31.00 price target on shares of Johnson Controls International in a research report on Friday, July 13th. Finally, UBS Group cut Johnson Controls International from a “buy” rating to a “neutral” rating and dropped their price target for the company from $44.00 to $40.00 in a research report on Tuesday. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. Johnson Controls International currently has a consensus rating of “Hold” and a consensus price target of $41.67.

Shares of JCI opened at $37.94 on Friday. The stock has a market cap of $34.75 billion, a P/E ratio of 13.66, a P/E/G ratio of 1.21 and a beta of 0.85. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.79 and a current ratio of 1.10. Johnson Controls International PLC has a 52-week low of $32.89 and a 52-week high of $42.60.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 12th. Investors of record on Monday, September 24th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.74%. Johnson Controls International’s dividend payout ratio (DPR) is 40.00%.

About Johnson Controls International

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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