Honeywell International Inc. Purchases 650,200 Shares of Johnson Controls International PLC (JCI)

Honeywell International Inc. boosted its position in Johnson Controls International PLC (NYSE:JCI) by 216.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 950,200 shares of the auto parts company’s stock after buying an additional 650,200 shares during the period. Johnson Controls International PLC makes up approximately 1.3% of Honeywell International Inc.’s investment portfolio, making the stock its 19th largest holding. Honeywell International Inc. owned 0.10% of Johnson Controls International PLC worth $38,284,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JCI. Bessemer Group Inc. boosted its position 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 buying an additional 133 shares during the last quarter. Harfst & Associates Inc. boosted its position in 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 worth $116,000 after purchasing an additional 389 shares in the last quarter. Perigon Wealth Management LLC boosted its position in Johnson Controls International PLC by 171.7% in the 2nd quarter. Perigon Wealth Management LLC now owns 2,663 shares of the auto parts company’s stock worth $116,000 after purchasing an additional 1,683 shares in the last quarter. Grove Bank & Trust boosted its position in 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 worth $117,000 after purchasing an additional 985 shares in the last quarter. Finally, Archford Capital Strategies LLC boosted its position in Johnson Controls International PLC by 5,344.7% in the 2nd quarter. Archford Capital Strategies LLC now owns 8,167 shares of the auto parts company’s stock worth $124,000 after purchasing an additional 8,017 shares in the last quarter. Hedge funds and other institutional investors own 86.04% of the company’s stock.

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Shares of Johnson Controls International PLC (JCI) traded down 0.4117% during mid-day trading on Monday, hitting $42.2354. The company’s stock had a trading volume of 1,522,127 shares. The stock has a 50-day moving average of $40.69 and a 200-day moving average of $41.18. The company’s market cap is $39.38 billion. Johnson Controls International PLC has a 12-month low of $36.74 and a 12-month 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, hitting 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 company had revenue of $7.67 billion during the quarter, compared to analysts’ expectations of $7.72 billion. During the same period in the previous year, the firm posted $1.07 earnings per share. The business’s revenue for the quarter was up 48.8% compared to the same quarter last year. On average, equities research analysts forecast that Johnson Controls International PLC will post $2.61 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Monday, September 25th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, September 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.36%. Johnson Controls International PLC’s dividend payout ratio (DPR) is -196.08%.

Several equities research analysts have commented on the company. JMP Securities set a $50.00 price objective on Johnson Controls International PLC and gave the stock a “buy” rating in a research report on Monday, October 23rd. Cowen and Company restated a “buy” rating and issued a $48.00 price objective on shares of Johnson Controls International PLC in a research report on Wednesday, September 27th. Morgan Stanley lowered their price objective on Johnson Controls International PLC from $51.00 to $46.00 and set an “overweight” rating on the stock in a research report on Monday, August 7th. Atlantic Securities lowered Johnson Controls International PLC from an “overweight” rating to a “neutral” rating in a research report on Friday, July 28th. Finally, Wolfe Research assumed coverage on Johnson Controls International PLC in a research report on Tuesday, July 11th. They issued a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $48.43.

In other news, VP Jeffrey M. Williams sold 1,955 shares of the business’s stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $41.43, for a total value of $80,995.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.50% of the company’s stock.

Johnson Controls International PLC 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.

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

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