BT Investment Management Ltd Purchases Shares of 15,256 Johnson Controls International PLC (JCI)

BT Investment Management Ltd purchased a new position in shares of Johnson Controls International PLC (NYSE:JCI) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 15,256 shares of the auto parts company’s stock, valued at approximately $662,000.

Several other hedge funds have also modified their holdings of JCI. OppenheimerFunds Inc. increased its position in shares of Johnson Controls International PLC by 31.3% during the first quarter. OppenheimerFunds Inc. now owns 11,209,265 shares of the auto parts company’s stock worth $472,135,000 after purchasing an additional 2,670,778 shares in the last quarter. Lazard Asset Management LLC increased its position in shares of Johnson Controls International PLC by 20.1% in the 1st quarter. Lazard Asset Management LLC now owns 11,231,816 shares of the auto parts company’s stock valued at $473,083,000 after acquiring an additional 1,883,034 shares during the period. Strs Ohio acquired a new position in shares of Johnson Controls International PLC in the 2nd quarter valued at $77,094,000. Ameriprise Financial Inc. increased its position in shares of Johnson Controls International PLC by 19.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 10,564,756 shares of the auto parts company’s stock valued at $458,142,000 after acquiring an additional 1,736,815 shares during the period. Finally, MUFG Securities EMEA plc acquired a new position in shares of Johnson Controls International PLC in the 2nd quarter valued at $59,490,000. 86.08% of the stock is currently owned by institutional investors and hedge funds.

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Johnson Controls International PLC (JCI) opened at 39.75 on Thursday. Johnson Controls International PLC has a 1-year low of $36.74 and a 1-year high of $46.86. The firm has a 50-day moving average of $39.03 and a 200-day moving average of $41.28. The stock’s market capitalization is $37.06 billion.

Johnson Controls International PLC (NYSE:JCI) last announced 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 company had revenue of $7.67 billion for the quarter, compared to the consensus estimate of $7.72 billion. During the same quarter in the prior year, the firm earned $1.07 earnings per share. The company’s revenue for the quarter was up 48.8% compared to the same quarter last year. Equities research analysts anticipate that Johnson Controls International PLC will post $2.61 EPS for the current year.

The company 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. This represents a $1.00 annualized dividend and a dividend yield of 2.52%. The ex-dividend date is Friday, September 22nd. Johnson Controls International PLC’s payout ratio is -196.08%.

Several research firms recently issued reports on JCI. Zacks Investment Research raised Johnson Controls International PLC from a “sell” rating to a “hold” rating in a research report on Monday, September 11th. Robert W. Baird reissued a “buy” rating and issued a $50.00 target price on shares of Johnson Controls International PLC in a research report on Monday, August 28th. Cowen and Company reissued an “outperform” rating and issued a $48.00 target price on shares of Johnson Controls International PLC in a research report on Monday, August 21st. BidaskClub downgraded Johnson Controls International PLC from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Finally, Morgan Stanley cut their target price on Johnson Controls International PLC from $51.00 to $46.00 and set an “overweight” rating on the stock in a research report on Monday, August 7th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $49.13.

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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