Mitsubishi UFJ Kokusai Asset Management Co. Ltd. cut its stake in shares of Johnson Controls International PLC (NYSE:JCI) by 10.4% during the second quarter, Holdings Channel reports. The institutional investor owned 134,908 shares of the auto parts company’s stock after selling 15,655 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Johnson Controls International PLC were worth $5,850,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of JCI. American International Group Inc. increased its stake in shares of 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 bought a new position in shares of Johnson Controls International PLC during the first quarter valued at about $2,994,000. Bank of New York Mellon Corp increased its position in shares of 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 during the period. PGGM Investments increased its position in shares of 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 during the period. Finally, Financial Counselors Inc. increased its position in shares of 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 during the period. Institutional investors own 85.23% of the company’s stock.

Johnson Controls International PLC (JCI) opened at 38.89 on Friday. Johnson Controls International PLC has a 52-week low of $38.51 and a 52-week high of $49.83. The company’s market cap is $36.26 billion. The firm’s 50-day moving average price is $42.07 and its 200 day moving average price is $41.96.

Johnson Controls International PLC (NYSE:JCI) last issued its quarterly earnings results on Thursday, July 27th. The auto parts company reported $0.71 EPS for the quarter, meeting analysts’ consensus estimates 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 firm had revenue of $7.67 billion for the quarter, compared to analysts’ expectations of $7.72 billion. During the same quarter in the prior year, the firm earned $1.07 EPS. The business’s revenue for the quarter was up 48.8% compared to the same quarter last year. On average, equities analysts predict that Johnson Controls International PLC will post $2.61 EPS for the current fiscal year.

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JCI has been the topic of several research reports. Cowen and Company reiterated a “buy” rating and set a $52.00 price target on shares of Johnson Controls International PLC in a research report on Thursday, April 27th. ValuEngine downgraded shares of Johnson Controls International PLC from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. JMP Securities initiated coverage on shares of Johnson Controls International PLC in a research report on Monday, June 19th. They set an “outperform” rating and a $54.00 price target on the stock. BidaskClub upgraded shares of Johnson Controls International PLC from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Finally, Zacks Investment Research downgraded shares of Johnson Controls International PLC from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Johnson Controls International PLC has a consensus rating of “Buy” and an average target price 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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