Ithaka Group LLC reduced its holdings in Johnson Controls International PLC (NYSE:JCI) by 22.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 135,497 shares of the auto parts company’s stock after selling 40,000 shares during the period. Ithaka Group LLC’s holdings in Johnson Controls International PLC were worth $5,875,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. FNY Managed Accounts LLC acquired a new stake in Johnson Controls International PLC in the first quarter valued at approximately $100,000. Bessemer Group Inc. grew its holdings in Johnson Controls International PLC by 5.5% in the second 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 period. Grove Bank & Trust grew its holdings in Johnson Controls International PLC by 57.7% in the second 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 period. First PREMIER Bank grew its holdings in Johnson Controls International PLC by 366.2% in the second 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 period. Finally, Bbva Compass Bancshares Inc. grew its holdings in Johnson Controls International PLC by 4.2% in the second quarter. Bbva Compass Bancshares Inc. now owns 3,714 shares of the auto parts company’s stock valued at $161,000 after purchasing an additional 150 shares during the period. 86.08% of the stock is currently owned by institutional investors.

A number of brokerages have recently issued reports on JCI. Zacks Investment Research lowered Johnson Controls International PLC from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Morgan Stanley reaffirmed an “overweight” rating and issued a $51.00 price target (up from $50.00) on shares of Johnson Controls International PLC in a research note on Monday, July 10th. JMP Securities began 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. ValuEngine lowered Johnson Controls International PLC from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $50.00 price target on shares of Johnson Controls International PLC in a research note on Monday, August 28th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $49.13.

Johnson Controls International PLC (NYSE JCI) traded down 1.39% during midday trading on Tuesday, reaching $39.02. The company’s stock had a trading volume of 2,027,020 shares. The firm’s market cap is $36.38 billion. The company has a 50 day moving average price of $39.03 and a 200 day moving average price of $41.30. Johnson Controls International PLC has a 1-year low of $36.74 and a 1-year high of $46.86.

Johnson Controls International PLC (NYSE:JCI) last posted its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.71 earnings per share (EPS) for the quarter, hitting the 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 business had revenue of $7.67 billion for the quarter, compared to analysts’ expectations of $7.72 billion. During the same quarter last year, the firm earned $1.07 earnings per share. The business’s revenue was up 48.8% on a year-over-year basis. On average, equities research analysts expect that Johnson Controls International PLC will post $2.61 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Monday, September 25th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Friday, September 22nd. Johnson Controls International PLC’s dividend payout ratio (DPR) is -196.08%.

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Johnson Controls International PLC Company 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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