Retirement Systems of Alabama Sells 6,882 Shares of Johnson Controls International PLC (JCI)

Retirement Systems of Alabama decreased its position in Johnson Controls International PLC (NYSE:JCI) by 1.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 426,538 shares of the auto parts company’s stock after selling 6,882 shares during the period. Retirement Systems of Alabama’s holdings in Johnson Controls International were worth $14,929,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JCI. Newport Trust Co acquired a new stake in shares of Johnson Controls International in the 2nd quarter valued at about $316,198,000. Parnassus Investments CA acquired a new stake in shares of Johnson Controls International in the 2nd quarter valued at about $66,900,000. Chevy Chase Trust Holdings Inc. acquired a new stake in shares of Johnson Controls International in the 2nd quarter valued at about $26,076,000. State Treasurer State of Michigan raised its stake in shares of Johnson Controls International by 203.0% in the 2nd quarter. State Treasurer State of Michigan now owns 826,287 shares of the auto parts company’s stock valued at $27,639,000 after purchasing an additional 553,600 shares during the period. Finally, Cornerstone Wealth Management LLC raised its stake in shares of Johnson Controls International by 169.9% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 224,955 shares of the auto parts company’s stock valued at $5,541,000 after purchasing an additional 546,718 shares during the period. 93.04% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE JCI opened at $31.28 on Tuesday. The stock has a market capitalization of $28.97 billion, a PE ratio of 12.03, a P/E/G ratio of 0.94 and a beta of 0.85. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.10 and a quick ratio of 0.79. Johnson Controls International PLC has a fifty-two week low of $30.60 and a fifty-two week high of $42.45.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Monday, September 24th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 3.32%. The ex-dividend date was Friday, September 21st. Johnson Controls International’s payout ratio is 40.00%.

JCI has been the topic of several recent research reports. Barclays dropped their price target on Johnson Controls International from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Monday, July 9th. Royal Bank of Canada reissued a “sell” rating and issued a $31.00 price target on shares of Johnson Controls International in a research note on Friday, July 13th. Zacks Investment Research downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Monday, July 16th. ValuEngine raised Johnson Controls International from a “strong sell” rating to a “sell” rating in a research note on Monday, July 30th. Finally, Citigroup lifted their price target on Johnson Controls International from $45.00 to $46.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $40.64.

Johnson Controls International Company 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.

See Also: How can you know how many shares are floating?

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

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