First Interstate Bank cut its stake in Johnson Controls International PLC (NYSE:JCI) by 50.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,515 shares of the auto parts company’s stock after selling 3,554 shares during the quarter. First Interstate Bank’s holdings in Johnson Controls International PLC were worth $141,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of JCI. Bessemer Group Inc. raised its holdings in Johnson Controls International PLC by 5.5% in the 2nd quarter. Bessemer Group Inc. now owns 2,550 shares of the auto parts company’s stock worth $110,000 after purchasing an additional 133 shares in the last quarter. Harfst & Associates Inc. grew its position in shares of Johnson Controls International PLC by 16.9% in the 2nd quarter. Harfst & Associates Inc. now owns 2,691 shares of the auto parts company’s stock worth $116,000 after buying an additional 389 shares during the period. Perigon Wealth Management LLC grew its position in shares of Johnson Controls International PLC by 171.7% in the 2nd quarter. Perigon Wealth Management LLC now owns 2,663 shares of the auto parts company’s stock worth $116,000 after buying an additional 1,683 shares during the period. Grove Bank & Trust grew its position in shares of Johnson Controls International PLC by 57.7% in the 2nd quarter. Grove Bank & Trust now owns 2,693 shares of the auto parts company’s stock worth $117,000 after buying an additional 985 shares during the period. Finally, Archford Capital Strategies LLC grew its position in shares of Johnson Controls International PLC by 5,344.7% in the 2nd quarter. Archford Capital Strategies LLC now owns 8,167 shares of the auto parts company’s stock worth $124,000 after buying an additional 8,017 shares during the period. Institutional investors and hedge funds own 88.25% of the company’s stock.

Johnson Controls International PLC (JCI) traded up $0.44 during trading on Wednesday, hitting $36.44. 1,457,756 shares of the stock traded hands, compared to its average volume of 5,144,879. The company has a market capitalization of $33,463.68, a PE ratio of 13.82, a P/E/G ratio of 0.97 and a beta of 0.94. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.77 and a current ratio of 1.04. Johnson Controls International PLC has a 52-week low of $34.51 and a 52-week high of $46.17.

Johnson Controls International PLC (NYSE:JCI) last released its quarterly earnings data on Thursday, November 9th. The auto parts company reported $0.87 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.87. The firm had revenue of $8.14 billion for the quarter, compared to analysts’ expectations of $8.10 billion. Johnson Controls International PLC had a net margin of 6.32% and a return on equity of 11.91%. The company’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.21 earnings per share. sell-side analysts expect that Johnson Controls International PLC will post 2.8 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on the stock. Citigroup Inc. reaffirmed 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. Cowen and Company reaffirmed an “outperform” rating and issued a $48.00 target price on shares of Johnson Controls International PLC in a research report on Monday, August 21st. Zacks Investment Research raised shares of Johnson Controls International PLC from a “sell” rating to a “hold” rating in a research report on Tuesday, September 5th. Robert W. Baird reduced their target price on shares of Johnson Controls International PLC from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Friday, November 10th. Finally, Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $45.00 price objective (down from $50.00) on shares of Johnson Controls International PLC in a research report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the company. Johnson Controls International PLC presently has an average rating of “Hold” and an average price target of $47.79.

In other news, VP Jeffrey M. Williams sold 1,955 shares of Johnson Controls International PLC 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 legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.50% of the company’s stock.

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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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