Bourgeon Capital Management LLC Sells 11,544 Shares of Johnson Controls International PLC (JCI)

Bourgeon Capital Management LLC decreased its position in shares of Johnson Controls International PLC (NYSE:JCI) by 14.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 67,799 shares of the auto parts company’s stock after selling 11,544 shares during the period. Johnson Controls International PLC makes up 1.8% of Bourgeon Capital Management LLC’s portfolio, making the stock its 27th largest position. Bourgeon Capital Management LLC’s holdings in Johnson Controls International PLC were worth $2,940,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in JCI. OppenheimerFunds Inc. increased its stake in shares of Johnson Controls International PLC by 31.3% in the first quarter. OppenheimerFunds Inc. now owns 11,209,265 shares of the auto parts company’s stock worth $472,135,000 after buying an additional 2,670,778 shares during the period. Lazard Asset Management LLC increased its stake in shares of Johnson Controls International PLC by 20.1% in the first quarter. Lazard Asset Management LLC now owns 11,231,816 shares of the auto parts company’s stock worth $473,083,000 after buying an additional 1,883,034 shares during the period. Strs Ohio bought a new stake in shares of Johnson Controls International PLC during the second quarter worth approximately $77,094,000. Bank of New York Mellon Corp increased its stake in shares of Johnson Controls International PLC by 19.2% in the first quarter. Bank of New York Mellon Corp now owns 9,214,364 shares of the auto parts company’s stock worth $388,108,000 after buying an additional 1,483,178 shares during the period. Finally, Diamond Hill Capital Management Inc. increased its stake in shares of Johnson Controls International PLC by 20,208.5% in the second quarter. Diamond Hill Capital Management Inc. now owns 1,120,419 shares of the auto parts company’s stock worth $48,581,000 after buying an additional 1,114,902 shares during the period. Institutional investors own 85.23% of the company’s stock.

Johnson Controls International PLC (NYSE:JCI) opened at 38.67 on Friday. The firm’s 50-day moving average is $41.98 and its 200 day moving average is $41.93. Johnson Controls International PLC has a 52-week low of $38.51 and a 52-week high of $49.83. The firm’s market capitalization is $36.06 billion.

Johnson Controls International PLC (NYSE:JCI) last issued its quarterly earnings results on Thursday, July 27th. The auto parts company reported $0.71 earnings per share (EPS) for the quarter, meeting the 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 analyst estimates of $7.72 billion. During the same period in the previous year, the business earned $1.07 EPS. The company’s revenue was up 48.8% compared to the same quarter last year. Equities analysts anticipate that Johnson Controls International PLC will post $2.61 EPS for the current year.

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A number of equities research analysts have recently commented on JCI shares. Cowen and Company reiterated a “buy” rating and set a $52.00 price objective on shares of Johnson Controls International PLC in a research report on Thursday, April 27th. Zacks Investment Research downgraded Johnson Controls International PLC from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Morgan Stanley reiterated an “overweight” rating and set a $51.00 price objective (up previously from $50.00) on shares of Johnson Controls International PLC in a research report on Monday, July 10th. JMP Securities started coverage on Johnson Controls International PLC in a research report on Monday, June 19th. They set an “outperform” rating and a $54.00 price objective for the company. Finally, ValuEngine downgraded Johnson Controls International PLC from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $50.43.

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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