Royal London Asset Management Ltd. acquired a new position in shares of Johnson Controls International PLC (NYSE:JCI) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 388,408 shares of the auto parts company’s stock, valued at approximately $12,990,000.

Other hedge funds have also recently modified their holdings of the company. Vontobel Swiss Wealth Advisors AG raised its holdings in shares of Johnson Controls International by 9.4% in the first quarter. Vontobel Swiss Wealth Advisors AG now owns 16,765 shares of the auto parts company’s stock worth $591,000 after acquiring an additional 1,440 shares during the last quarter. First Allied Advisory Services Inc. raised its holdings in shares of Johnson Controls International by 5.9% in the first quarter. First Allied Advisory Services Inc. now owns 26,655 shares of the auto parts company’s stock worth $939,000 after acquiring an additional 1,487 shares during the last quarter. Atria Investments LLC raised its holdings in shares of Johnson Controls International by 7.2% in the second quarter. Atria Investments LLC now owns 23,502 shares of the auto parts company’s stock worth $786,000 after acquiring an additional 1,575 shares during the last quarter. Wealth Advisors of Tampa Bay LLC raised its holdings in shares of Johnson Controls International by 2.6% in the first quarter. Wealth Advisors of Tampa Bay LLC now owns 65,401 shares of the auto parts company’s stock worth $2,309,000 after acquiring an additional 1,670 shares during the last quarter. Finally, Wetherby Asset Management Inc. raised its holdings in shares of Johnson Controls International by 12.9% in the second quarter. Wetherby Asset Management Inc. now owns 15,181 shares of the auto parts company’s stock worth $508,000 after acquiring an additional 1,732 shares during the last quarter. 92.85% of the stock is owned by hedge funds and other institutional investors.

JCI has been the subject of a number of analyst reports. Argus raised Johnson Controls International from a “hold” rating to a “buy” rating in a report on Tuesday, August 21st. ValuEngine cut Johnson Controls International from a “sell” rating to a “strong sell” rating in a report on Saturday, June 2nd. TheStreet raised Johnson Controls International from a “c+” rating to a “b-” rating in a report on Friday, August 24th. Morgan Stanley initiated coverage on Johnson Controls International in a report on Monday, August 20th. They issued an “equal weight” rating and a $40.00 price target for the company. Finally, UBS Group cut their price target on Johnson Controls International from $46.00 to $44.00 and set a “buy” rating for the company in a report on Thursday, August 30th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $41.85.

Johnson Controls International stock opened at $36.96 on Friday. The firm has a market capitalization of $34.19 billion, a P/E ratio of 13.44, a price-to-earnings-growth ratio of 1.20 and a beta of 0.85. Johnson Controls International PLC has a 52 week low of $32.89 and a 52 week high of $42.60. The company has a quick ratio of 0.79, a current ratio of 1.10 and a debt-to-equity ratio of 0.48.

Johnson Controls International (NYSE:JCI) last released its earnings results on Tuesday, July 31st. The auto parts company reported $0.81 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.02. The firm had revenue of $8.12 billion during the quarter, compared to analyst estimates of $7.96 billion. Johnson Controls International had a return on equity of 11.84% and a net margin of 7.27%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.71 earnings per share. research analysts predict that Johnson Controls International PLC will post 2.81 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 12th. Investors of record on Monday, September 24th will be paid a $0.26 dividend. The ex-dividend date is Friday, September 21st. This represents a $1.04 annualized dividend and a yield of 2.81%. Johnson Controls International’s payout ratio is currently 40.00%.

Johnson Controls International Company Profile

Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Building Technologies & Solutions and Power Solutions segments. It designs, sells, controls, installs heating, ventilating, and air conditioning systems. The company also provides residential air conditioning and heating systems, and industrial refrigeration products, as well as technical and energy management consulting services.

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

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