Quantitative Investment Management LLC Increases Stake in Johnson Controls International PLC (JCI)

Quantitative Investment Management LLC grew its position in Johnson Controls International PLC (NYSE:JCI) by 84.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 263,700 shares of the auto parts company’s stock after purchasing an additional 120,500 shares during the period. Quantitative Investment Management LLC’s holdings in Johnson Controls International PLC were worth $11,434,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in JCI. FNY Managed Accounts LLC acquired a new position in shares of Johnson Controls International PLC in the first quarter valued at about $100,000. Bessemer Group Inc. increased its holdings in shares of 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 purchasing an additional 133 shares during the period. Grove Bank & Trust increased its holdings in shares of Johnson Controls International PLC by 57.7% in the second quarter. Grove Bank & Trust now owns 2,693 shares of the auto parts company’s stock valued at $117,000 after purchasing an additional 985 shares during the period. First PREMIER Bank increased its holdings in shares of Johnson Controls International PLC by 366.2% in the second quarter. First PREMIER Bank now owns 3,361 shares of the auto parts company’s stock valued at $146,000 after purchasing an additional 2,640 shares during the period. Finally, Bbva Compass Bancshares Inc. increased its holdings in shares of Johnson Controls International PLC by 4.2% in the second quarter. Bbva Compass Bancshares Inc. now owns 3,714 shares of the auto parts company’s stock valued at $161,000 after purchasing an additional 150 shares during the period. 86.08% of the stock is currently owned by institutional investors and hedge funds.

Several research firms recently commented on JCI. Morgan Stanley dropped their target price on Johnson Controls International PLC from $51.00 to $46.00 and set an “overweight” rating on the stock in a report on Monday, August 7th. Atlantic Securities lowered Johnson Controls International PLC from an “overweight” rating to a “neutral” rating in a report on Friday, July 28th. Wolfe Research began coverage on Johnson Controls International PLC in a report on Tuesday, July 11th. They set a “market perform” rating on the stock. BidaskClub lowered Johnson Controls International PLC from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Finally, TheStreet raised Johnson Controls International PLC from a “c” rating to a “b” rating in a report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $49.13.

Shares of Johnson Controls International PLC (NYSE:JCI) opened at 39.75 on Thursday. Johnson Controls International PLC has a 12-month low of $36.74 and a 12-month high of $46.86. The company has a 50 day moving average price of $39.03 and a 200 day moving average price of $41.28. The firm’s market cap is $37.06 billion.

Johnson Controls International PLC (NYSE:JCI) last posted its earnings results on Thursday, July 27th. The auto parts company reported $0.71 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 firm had revenue of $7.67 billion for the quarter, compared to analyst estimates of $7.72 billion. During the same quarter in the prior year, the company earned $1.07 EPS. Johnson Controls International PLC’s revenue was up 48.8% on a year-over-year basis. On average, analysts forecast that Johnson Controls International PLC will post $2.61 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Monday, September 25th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date is Friday, September 22nd. Johnson Controls International PLC’s payout ratio is currently -196.08%.

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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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