Investment Centers of America Inc. Sells 3,377 Shares of Johnson Controls International PLC (JCI)

Investment Centers of America Inc. trimmed its position in shares of Johnson Controls International PLC (NYSE:JCI) by 14.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,388 shares of the auto parts company’s stock after selling 3,377 shares during the period. Investment Centers of America Inc.’s holdings in Johnson Controls International PLC were worth $884,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the stock. UBS Asset Management Americas Inc. increased its stake in Johnson Controls International PLC by 12.1% in the first quarter. UBS Asset Management Americas Inc. now owns 3,708,076 shares of the auto parts company’s stock valued at $156,184,000 after purchasing an additional 399,404 shares during the last quarter. South State Corp increased its stake in Johnson Controls International PLC by 107.4% in the first quarter. South State Corp now owns 11,114 shares of the auto parts company’s stock valued at $468,000 after purchasing an additional 5,756 shares during the last quarter. Tiedemann Wealth Management LLC purchased a new position in Johnson Controls International PLC in the first quarter valued at approximately $244,000. Bahl & Gaynor Inc. increased its stake in Johnson Controls International PLC by 69.7% in the first quarter. Bahl & Gaynor Inc. now owns 459,455 shares of the auto parts company’s stock valued at $19,353,000 after purchasing an additional 188,712 shares during the last quarter. Finally, Great Lakes Advisors LLC increased its stake in Johnson Controls International PLC by 16.6% in the first quarter. Great Lakes Advisors LLC now owns 153,875 shares of the auto parts company’s stock valued at $6,480,000 after purchasing an additional 21,921 shares during the last quarter. Hedge funds and other institutional investors own 86.17% of the company’s stock.

WARNING: This piece was first published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this piece on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark laws. The legal version of this piece can be accessed at https://www.chaffeybreeze.com/2017/09/17/investment-centers-of-america-inc-sells-3377-shares-of-johnson-controls-international-plc-jci.html.

Shares of Johnson Controls International PLC (JCI) traded down 0.72% during midday trading on Friday, hitting $39.81. The company had a trading volume of 6,186,135 shares. The stock’s 50-day moving average price is $39.03 and its 200-day moving average price is $41.33. Johnson Controls International PLC has a 12 month low of $36.74 and a 12 month high of $46.86. The company’s market cap is $37.12 billion.

Johnson Controls International PLC (NYSE:JCI) last issued its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.71 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.71. The firm had revenue of $7.67 billion during the quarter, compared to the consensus estimate of $7.72 billion. Johnson Controls International PLC had a positive return on equity of 11.74% and a negative net margin of 0.43%. The firm’s revenue was up 48.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.07 EPS. On average, equities research analysts forecast that Johnson Controls International PLC will post $2.61 EPS for the current year.

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

Several equities analysts have commented on JCI shares. 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. Morgan Stanley reiterated an “overweight” rating and issued a $51.00 price target (up from $50.00) on shares of Johnson Controls International PLC in a research note on Monday, July 10th. JMP Securities started coverage on shares of Johnson Controls International PLC in a research note on Monday, June 19th. They issued an “outperform” rating and a $54.00 price target on the stock. ValuEngine lowered shares of Johnson Controls International PLC from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Robert W. Baird reiterated a “buy” rating and issued a $50.00 price target on shares of Johnson Controls International PLC in a research note on Monday, August 28th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $49.13.

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)

Receive News & Ratings for Johnson Controls International PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Johnson Controls International PLC and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply