Johnson Controls International PLC (NYSE:JCI) Shares Bought by Zuckerman Investment Group LLC

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Zuckerman Investment Group LLC lifted its position in Johnson Controls International PLC (NYSE:JCI) by 2.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 206,826 shares of the auto parts company’s stock after purchasing an additional 4,213 shares during the quarter. Johnson Controls International PLC comprises about 2.4% of Zuckerman Investment Group LLC’s investment portfolio, making the stock its 18th biggest position. Zuckerman Investment Group LLC’s holdings in Johnson Controls International PLC were worth $8,968,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Advisor Group Inc. boosted its position in shares of Johnson Controls International PLC by 37.3% during the second quarter. Advisor Group Inc. now owns 60,118 shares of the auto parts company’s stock valued at $2,573,000 after buying an additional 16,335 shares during the period. Harfst & Associates Inc. raised its stake in Johnson Controls International PLC by 16.9% in the second quarter. Harfst & Associates Inc. now owns 2,691 shares of the auto parts company’s stock worth $116,000 after buying an additional 389 shares in the last quarter. Dodge & Cox raised its stake in Johnson Controls International PLC by 83.5% in the second quarter. Dodge & Cox now owns 57,851,274 shares of the auto parts company’s stock worth $2,508,431,000 after buying an additional 26,319,624 shares in the last quarter. M&T Bank Corp raised its stake in Johnson Controls International PLC by 1.2% in the second quarter. M&T Bank Corp now owns 139,340 shares of the auto parts company’s stock worth $6,043,000 after buying an additional 1,600 shares in the last quarter. Finally, Wealthfront Inc. bought a new position in Johnson Controls International PLC in the second quarter worth approximately $461,000. Institutional investors own 86.08% of the company’s stock.

A number of brokerages have recently issued reports on JCI. Cowen and Company reaffirmed a “buy” rating and set a $48.00 price target on shares of Johnson Controls International PLC in a research report on Wednesday. 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 reaffirmed a “buy” rating and issued a $50.00 price target on shares of Johnson Controls International PLC in a report on Monday, August 28th. BidaskClub lowered shares of Johnson Controls International PLC from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Finally, Morgan Stanley lowered their price target on shares of 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. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company. Johnson Controls International PLC currently has an average rating of “Hold” and an average target price of $48.86.

Shares of Johnson Controls International PLC (JCI) traded up 0.57% during mid-day trading on Friday, hitting $40.29. 3,899,303 shares of the stock were exchanged. Johnson Controls International PLC has a one year low of $36.74 and a one year high of $46.86. The stock’s market cap is $37.57 billion. The company has a 50-day moving average of $39.03 and a 200 day moving average of $41.28.

Johnson Controls International PLC (NYSE:JCI) last announced its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.71 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.71. The business 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%. Johnson Controls International PLC’s quarterly revenue was up 48.8% on a year-over-year basis. During the same quarter last year, the company posted $1.07 earnings per share. On average, equities analysts predict that Johnson Controls International PLC will post $2.61 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders 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 2.48%. Johnson Controls International PLC’s dividend 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.

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

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