Los Angeles Capital Management & Equity Research Inc. Buys New Stake in Johnson Controls …

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Los Angeles Capital Management & Equity Research Inc. bought a new position in Johnson Controls International PLC (NYSE:JCI) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 49,720 shares of the auto parts company’s stock, valued at approximately $2,156,000.

Other large investors have also modified their holdings of the company. American International Group Inc. raised its position in Johnson Controls International PLC by 0.8% in the 1st quarter. American International Group Inc. now owns 467,845 shares of the auto parts company’s stock worth $19,706,000 after purchasing an additional 3,499 shares during the period. Financial Counselors Inc. raised its position in Johnson Controls International PLC by 2.8% in the 1st quarter. Financial Counselors Inc. now owns 21,317 shares of the auto parts company’s stock worth $898,000 after purchasing an additional 586 shares during the period. Schafer Cullen Capital Management Inc. raised its position in Johnson Controls International PLC by 9.5% in the 1st quarter. Schafer Cullen Capital Management Inc. now owns 2,083,531 shares of the auto parts company’s stock worth $87,758,000 after purchasing an additional 180,821 shares during the period. Trust Co. of Toledo NA OH raised its position in Johnson Controls International PLC by 5.5% in the 1st quarter. Trust Co. of Toledo NA OH now owns 30,317 shares of the auto parts company’s stock worth $1,277,000 after purchasing an additional 1,579 shares during the period. Finally, Federated Investors Inc. PA raised its position in Johnson Controls International PLC by 368.6% in the 2nd quarter. Federated Investors Inc. PA now owns 73,435 shares of the auto parts company’s stock worth $3,184,000 after purchasing an additional 57,764 shares during the period. Institutional investors own 86.17% of the company’s stock.

A number of equities analysts recently commented on JCI shares. Wolfe Research started coverage on shares of Johnson Controls International PLC in a research report on Tuesday, July 11th. They issued a “market perform” rating on the stock. Morgan Stanley decreased their target price on shares of 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. ValuEngine cut shares of Johnson Controls International PLC from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub cut shares of Johnson Controls International PLC from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Finally, Zacks Investment Research upgraded shares of Johnson Controls International PLC from a “sell” rating to a “hold” rating in a research report on Monday, September 11th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $49.13.

Shares of Johnson Controls International PLC (JCI) opened at 39.81 on Friday. The company’s 50-day moving average is $39.03 and its 200 day moving average is $41.33. Johnson Controls International PLC has a 1-year low of $36.74 and a 1-year high of $46.86. The company’s market cap is $37.12 billion.

Johnson Controls International PLC (NYSE:JCI) last posted its quarterly earnings results on Thursday, July 27th. The auto parts company reported $0.71 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.71. The company had revenue of $7.67 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm posted $1.07 EPS. Equities analysts anticipate that Johnson Controls International PLC will post $2.61 EPS for the current year.

The business also recently declared 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 annualized dividend and a yield of 2.51%. The ex-dividend date is Friday, September 22nd. Johnson Controls International PLC’s dividend payout ratio is presently -196.08%.

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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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