Los Angeles Capital Management & Equity Research Inc. Has $10.10 Million Stake in Johnson Controls International PLC (JCI)

Los Angeles Capital Management & Equity Research Inc. grew its stake in Johnson Controls International PLC (NYSE:JCI) by 404.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 250,595 shares of the auto parts company’s stock after acquiring an additional 200,875 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Johnson Controls International PLC were worth $10,096,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Toronto Dominion Bank grew its holdings in shares of Johnson Controls International PLC by 11.4% in the 3rd quarter. Toronto Dominion Bank now owns 353,920 shares of the auto parts company’s stock valued at $14,258,000 after acquiring an additional 36,117 shares in the last quarter. New York State Common Retirement Fund grew its holdings in shares of Johnson Controls International PLC by 1.1% in the 3rd quarter. New York State Common Retirement Fund now owns 2,428,869 shares of the auto parts company’s stock valued at $97,859,000 after acquiring an additional 25,400 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of Johnson Controls International PLC by 33.8% in the 3rd quarter. CIBC Asset Management Inc now owns 94,002 shares of the auto parts company’s stock valued at $3,787,000 after acquiring an additional 23,770 shares in the last quarter. Private Wealth Partners LLC bought a new position in shares of Johnson Controls International PLC in the 3rd quarter valued at about $951,000. Finally, Corbyn Investment Management Inc. MD grew its holdings in shares of Johnson Controls International PLC by 0.5% in the 3rd quarter. Corbyn Investment Management Inc. MD now owns 293,041 shares of the auto parts company’s stock valued at $11,807,000 after acquiring an additional 1,430 shares in the last quarter. Institutional investors own 85.98% of the company’s stock.

Johnson Controls International PLC (JCI) opened at $36.39 on Friday. Johnson Controls International PLC has a fifty-two week low of $34.51 and a fifty-two week high of $46.17. The company has a market cap of $33,160.00, a P/E ratio of 13.75, a PEG ratio of 0.96 and a beta of 0.94. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.56.

Johnson Controls International PLC (NYSE:JCI) last announced its earnings results on Thursday, November 9th. The auto parts company reported $0.87 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.87. Johnson Controls International PLC had a net margin of 6.32% and a return on equity of 11.91%. The company had revenue of $8.14 billion for the quarter, compared to analysts’ expectations of $8.10 billion. During the same period last year, the firm earned $1.21 earnings per share. The business’s revenue for the quarter was up 30.1% on a year-over-year basis. research analysts predict that Johnson Controls International PLC will post 2.8 EPS for the current fiscal year.

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In other 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 transaction of $80,995.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.48% of the stock is currently owned by company insiders.

Several equities analysts have recently weighed in on the company. Citigroup Inc. restated a “buy” rating and issued a $50.00 price objective (up previously from $47.00) on shares of Johnson Controls International PLC in a report on Monday, October 9th. Cowen and Company reiterated an “outperform” rating and issued a $48.00 target price on shares of Johnson Controls International PLC in a research note on Monday, August 21st. Zacks Investment Research upgraded shares of Johnson Controls International PLC from a “sell” rating to a “hold” rating in a research note on Tuesday, September 5th. Robert W. Baird cut their target price on shares of Johnson Controls International PLC from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Friday, November 10th. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $45.00 target price (down from $50.00) on shares of Johnson Controls International PLC in a research note on Friday, November 10th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Johnson Controls International PLC presently has a consensus rating of “Hold” and a consensus target price of $47.79.

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.

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

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