Wilbanks Smith & Thomas Asset Management LLC Purchases 1,467 Shares of Johnson Controls International PLC (JCI)

Wilbanks Smith & Thomas Asset Management LLC boosted its position in Johnson Controls International PLC (NYSE:JCI) by 4.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,385 shares of the auto parts company’s stock after purchasing an additional 1,467 shares during the quarter. Wilbanks Smith & Thomas Asset Management LLC’s holdings in Johnson Controls International PLC were worth $1,664,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JCI. Teachers Advisors LLC boosted its stake in Johnson Controls International PLC by 4.3% in the 1st quarter. Teachers Advisors LLC now owns 1,645,194 shares of the auto parts company’s stock valued at $69,296,000 after purchasing an additional 67,729 shares during the period. MARSHALL WACE ASIA Ltd bought a new stake in Johnson Controls International PLC in the 1st quarter valued at $8,050,000. Marshall Wace North America L.P. bought a new stake in Johnson Controls International PLC in the 1st quarter valued at $8,050,000. United Capital Financial Advisers LLC boosted its stake in Johnson Controls International PLC by 16.1% in the 1st quarter. United Capital Financial Advisers LLC now owns 26,914 shares of the auto parts company’s stock valued at $1,134,000 after purchasing an additional 3,736 shares during the period. Finally, Saturna Capital CORP boosted its stake in Johnson Controls International PLC by 0.8% in the 1st quarter. Saturna Capital CORP now owns 441,041 shares of the auto parts company’s stock valued at $18,577,000 after purchasing an additional 3,700 shares during the period. Institutional investors and hedge funds own 86.09% of the company’s stock.

Johnson Controls International PLC (NYSE JCI) traded up 2.24% during trading on Tuesday, hitting $41.51. The stock had a trading volume of 4,919,161 shares. The stock’s market capitalization is $38.70 billion. The company has a 50-day moving average of $39.75 and a 200-day moving average of $41.17. Johnson Controls International PLC has a 52 week low of $36.74 and a 52 week high of $46.17.

Johnson Controls International PLC (NYSE:JCI) last released its quarterly earnings results on Thursday, July 27th. The auto parts company reported $0.71 earnings per share for the quarter, meeting the Zacks’ 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 the consensus estimate of $7.72 billion. During the same quarter last year, the business posted $1.07 earnings per share. The company’s revenue for the quarter was up 48.8% on a year-over-year basis. On average, equities analysts expect that Johnson Controls International PLC will post $2.61 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Monday, September 25th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, September 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 2.46%. Johnson Controls International PLC’s payout ratio is -196.08%.

Several analysts recently issued reports on the company. Morgan Stanley set a $48.00 price target on Johnson Controls International PLC and gave the company an “overweight” rating in a research note on Monday, October 2nd. TheStreet upgraded Johnson Controls International PLC from a “c” rating to a “b” rating in a research note on Thursday, July 27th. Wolfe Research assumed coverage on Johnson Controls International PLC in a research note on Tuesday, July 11th. They issued a “market perform” rating for the company. BidaskClub downgraded Johnson Controls International PLC from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Finally, Zacks Investment Research upgraded Johnson Controls International PLC from a “sell” rating to a “hold” rating in a research note on Tuesday, September 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $48.71.

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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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