TIAA CREF Investment Management LLC Has $92.22 Million Holdings in Johnson Controls International PLC (JCI)

TIAA CREF Investment Management LLC increased its stake in Johnson Controls International PLC (NYSE:JCI) by 0.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,126,825 shares of the auto parts company’s stock after acquiring an additional 8,570 shares during the period. TIAA CREF Investment Management LLC owned about 0.23% of Johnson Controls International PLC worth $92,219,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FNY Managed Accounts LLC bought a new stake in shares of Johnson Controls International PLC in the 1st quarter valued at about $100,000. Bessemer Group Inc. raised its position in Johnson Controls International PLC by 5.5% during the 2nd quarter. Bessemer Group Inc. now owns 2,550 shares of the auto parts company’s stock valued at $110,000 after purchasing an additional 133 shares during the last quarter. Grove Bank & Trust raised its position in Johnson Controls International PLC by 57.7% during the 2nd quarter. Grove Bank & Trust now owns 2,693 shares of the auto parts company’s stock valued at $117,000 after purchasing an additional 985 shares during the last quarter. First PREMIER Bank raised its position in Johnson Controls International PLC by 366.2% during the 2nd quarter. First PREMIER Bank now owns 3,361 shares of the auto parts company’s stock valued at $146,000 after purchasing an additional 2,640 shares during the last quarter. Finally, Bbva Compass Bancshares Inc. grew its holdings in shares of Johnson Controls International PLC by 4.2% during the 2nd quarter. Bbva Compass Bancshares Inc. now owns 3,714 shares of the auto parts company’s stock worth $161,000 after acquiring an additional 150 shares during the period. 86.08% of the stock is owned by institutional investors.

Johnson Controls International PLC (JCI) opened at 39.89 on Friday. The company’s 50-day moving average is $39.03 and its 200 day moving average is $41.28. Johnson Controls International PLC has a one year low of $36.74 and a one year high of $46.86. The stock’s market capitalization is $37.19 billion.

Johnson Controls International PLC (NYSE:JCI) last released its earnings results on Thursday, July 27th. The auto parts company reported $0.71 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 firm had revenue of $7.67 billion during the quarter, compared to the consensus estimate of $7.72 billion. During the same period in the previous year, the firm earned $1.07 earnings per share. Johnson Controls International PLC’s revenue was up 48.8% compared to the same quarter last year. Equities analysts expect that Johnson Controls International PLC will post $2.61 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Monday, September 25th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, September 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.51%. Johnson Controls International PLC’s payout ratio is currently -196.08%.

JCI has been the topic of a number of research analyst reports. ValuEngine downgraded Johnson Controls International PLC from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. JMP Securities started coverage on Johnson Controls International PLC in a research note on Monday, June 19th. They issued an “outperform” rating and a $54.00 price target on the stock. BidaskClub raised Johnson Controls International PLC from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Zacks Investment Research cut Johnson Controls International PLC from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $51.00 price objective (up from $50.00) on shares of Johnson Controls International PLC in a research report on Monday, July 10th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $48.86.

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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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