Advisory Services Network LLC Raises Stake in Johnson Controls International PLC (JCI)

Advisory Services Network LLC increased its position in Johnson Controls International PLC (NYSE:JCI) by 9.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,597 shares of the auto parts company’s stock after buying an additional 1,586 shares during the period. Advisory Services Network LLC’s holdings in Johnson Controls International PLC were worth $763,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FNY Managed Accounts LLC acquired a new stake in shares of Johnson Controls International PLC in the 1st quarter valued at about $100,000. Bessemer Group Inc. grew its stake in shares of Johnson Controls International PLC by 5.5% in the 2nd quarter. Bessemer Group Inc. now owns 2,550 shares of the auto parts company’s stock valued at $110,000 after buying an additional 133 shares during the period. Harfst & Associates Inc. grew its stake in shares of Johnson Controls International PLC by 16.9% in the 2nd quarter. Harfst & Associates Inc. now owns 2,691 shares of the auto parts company’s stock valued at $116,000 after buying an additional 389 shares during the period. Grove Bank & Trust grew its stake in shares of Johnson Controls International PLC by 57.7% in the 2nd quarter. Grove Bank & Trust now owns 2,693 shares of the auto parts company’s stock valued at $117,000 after buying an additional 985 shares during the period. Finally, First PREMIER Bank grew its stake in shares of Johnson Controls International PLC by 366.2% in the 2nd quarter. First PREMIER Bank now owns 3,361 shares of the auto parts company’s stock valued at $146,000 after buying an additional 2,640 shares during the period. Institutional investors own 86.04% of the company’s stock.

Several analysts have recently commented on JCI shares. TheStreet upgraded Johnson Controls International PLC from a “c” rating to a “b” rating in a research note on Thursday, July 27th. Robert W. Baird reiterated a “buy” rating and set a $50.00 price target on shares of Johnson Controls International PLC in a research note on Monday, August 28th. Gabelli upgraded Johnson Controls International PLC from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research note on Friday, July 28th. Cowen and Company reiterated a “buy” rating and set a $48.00 price target on shares of Johnson Controls International PLC in a research note on Wednesday, September 27th. Finally, Citigroup Inc. reiterated a “buy” rating and set a $50.00 price target (up previously from $47.00) on shares of Johnson Controls International PLC in a research note on Monday, October 9th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $48.71.

In related news, VP Jeffrey M. Williams sold 1,955 shares of the firm’s stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $41.43, for a total value of $80,995.65. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.50% of the company’s stock.

Johnson Controls International PLC (NYSE:JCI) traded down 0.70% during midday trading on Wednesday, hitting $40.91. 623,057 shares of the company were exchanged. The stock’s market capitalization is $38.14 billion. The stock has a 50 day moving average of $40.12 and a 200-day moving average of $41.16. Johnson Controls International PLC has a 1-year low of $36.74 and a 1-year high of $46.17.

Johnson Controls International PLC (NYSE:JCI) last posted its quarterly earnings results on Thursday, July 27th. The auto parts company reported $0.71 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.71. Johnson Controls International PLC had a negative net margin of 0.43% and a positive return on equity of 11.74%. 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 company posted $1.07 earnings per share. The business’s revenue for the quarter was up 48.8% on a year-over-year basis. Equities analysts expect that Johnson Controls International PLC will post $2.61 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Monday, September 25th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend was Friday, September 22nd. Johnson Controls International PLC’s payout ratio is -196.08%.

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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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