Cambridge Investment Research Advisors Inc. Lowers Holdings in Johnson Controls International PLC (NYSE:JCI)

Cambridge Investment Research Advisors Inc. lessened its holdings in Johnson Controls International PLC (NYSE:JCI) by 11.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,984 shares of the auto parts company’s stock after selling 5,298 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Johnson Controls International PLC were worth $1,864,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of JCI. FNY Managed Accounts LLC acquired a new stake in shares of Johnson Controls International PLC in the 1st quarter worth about $100,000. Bessemer Group Inc. raised its holdings 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 worth $110,000 after acquiring an additional 133 shares during the last quarter. Grove Bank & Trust raised its holdings 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 worth $117,000 after acquiring an additional 985 shares during the last quarter. First PREMIER Bank raised its holdings 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 worth $146,000 after acquiring an additional 2,640 shares during the last quarter. Finally, Bbva Compass Bancshares Inc. raised its holdings in shares of Johnson Controls International PLC by 4.2% in the 2nd quarter. Bbva Compass Bancshares Inc. now owns 3,714 shares of the auto parts company’s stock worth $161,000 after acquiring an additional 150 shares during the last quarter. Institutional investors own 86.17% of the company’s stock.

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Several research firms have commented on JCI. Zacks Investment Research lowered shares of Johnson Controls International PLC from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Robert W. Baird reiterated a “buy” rating and issued a $50.00 price objective on shares of Johnson Controls International PLC in a research note on Monday, August 28th. Cowen and Company reiterated an “outperform” rating and issued a $52.00 price objective on shares of Johnson Controls International PLC in a research note on Friday, May 19th. Gabelli upgraded shares of Johnson Controls International PLC from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research note on Friday, July 28th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $43.00 price objective (down previously from $48.00) on shares of Johnson Controls International PLC in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $49.63.

Johnson Controls International PLC (NYSE JCI) traded down 0.72% on Friday, reaching $39.81. 6,186,135 shares of the company traded hands. The stock’s market capitalization is $37.12 billion. Johnson Controls International PLC has a 1-year low of $36.74 and a 1-year high of $46.86. The stock’s 50-day moving average is $39.03 and its 200-day moving average is $41.33.

Johnson Controls International PLC (NYSE:JCI) last announced its 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. The business had revenue of $7.67 billion during the quarter, compared to analysts’ expectations of $7.72 billion. Johnson Controls International PLC had a negative net margin of 0.43% and a positive return on equity of 11.74%. The firm’s revenue was up 48.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.07 earnings per share. Equities research analysts expect that Johnson Controls International PLC will post $2.61 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Monday, September 25th will be given a $0.25 dividend. The ex-dividend date is Friday, September 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.51%. Johnson Controls International PLC’s payout ratio is currently -196.08%.

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.

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

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