General American Investors Co. Inc. boosted its stake in shares of Johnson Controls International PLC (NYSE:JCI) by 68.8% during the second quarter, Holdings Channel reports. The institutional investor owned 270,000 shares of the auto parts company’s stock after buying an additional 110,000 shares during the period. General American Investors Co. Inc.’s holdings in Johnson Controls International PLC were worth $11,707,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. American International Group Inc. increased its position in Johnson Controls International PLC by 0.8% in the first quarter. American International Group Inc. now owns 467,845 shares of the auto parts company’s stock valued at $19,706,000 after buying an additional 3,499 shares in the last quarter. Busey Trust CO purchased a new position in Johnson Controls International PLC during the first quarter valued at approximately $2,994,000. 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 valued at $388,108,000 after buying an additional 1,483,178 shares in the last quarter. PGGM Investments increased its position in Johnson Controls International PLC by 15.7% in the first quarter. PGGM Investments now owns 1,091,359 shares of the auto parts company’s stock valued at $45,968,000 after buying an additional 148,000 shares in the last quarter. Finally, Financial Counselors Inc. increased its position in Johnson Controls International PLC by 2.8% in the first quarter. Financial Counselors Inc. now owns 21,317 shares of the auto parts company’s stock valued at $898,000 after buying an additional 586 shares in the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.

Johnson Controls International PLC (JCI) opened at 39.45 on Thursday. The stock’s market capitalization is $36.78 billion. Johnson Controls International PLC has a one year low of $38.51 and a one year high of $49.83. The company’s 50-day moving average price is $42.14 and its 200-day moving average price is $41.99.

Johnson Controls International PLC (NYSE:JCI) last issued its earnings results on Thursday, July 27th. The auto parts company reported $0.71 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.71. Johnson Controls International PLC had a positive return on equity of 11.74% and a negative net margin of 0.43%. The company had revenue of $7.67 billion during the quarter, compared to the consensus estimate of $7.72 billion. During the same quarter in the prior year, the business earned $1.07 earnings per share. The company’s revenue was up 48.8% compared to the same quarter last year. Equities research analysts predict that Johnson Controls International PLC will post $2.61 EPS for the current year.

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JCI has been the subject of several recent research reports. Zacks Investment Research downgraded Johnson Controls International PLC from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. ValuEngine downgraded Johnson Controls International PLC from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $43.00 target price (down from $48.00) on shares of Johnson Controls International PLC in a research note on Friday, July 28th. Gabelli raised Johnson Controls International PLC from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research note on Friday, July 28th. Finally, Cowen and Company reaffirmed an “outperform” rating and issued a $52.00 target price on shares of Johnson Controls International PLC in a research note on Friday, May 19th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus 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.

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

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