Cambridge Investment Research Advisors Inc. Sells 3,806 Shares of Johnson Controls International PLC (JCI)

Cambridge Investment Research Advisors Inc. decreased its stake in Johnson Controls International PLC (NYSE:JCI) by 8.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,178 shares of the auto parts company’s stock after selling 3,806 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Johnson Controls International PLC were worth $1,578,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dodge & Cox increased its position in Johnson Controls International PLC by 83.5% in the 2nd quarter. Dodge & Cox now owns 57,851,274 shares of the auto parts company’s stock valued at $2,508,431,000 after acquiring an additional 26,319,624 shares during the period. The Manufacturers Life Insurance Company increased its position in Johnson Controls International PLC by 144.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,877,880 shares of the auto parts company’s stock valued at $211,505,000 after acquiring an additional 2,879,948 shares during the period. Capital World Investors increased its position in Johnson Controls International PLC by 4.7% in the 2nd quarter. Capital World Investors now owns 42,405,917 shares of the auto parts company’s stock valued at $1,838,721,000 after acquiring an additional 1,917,892 shares during the period. Strs Ohio acquired a new stake in Johnson Controls International PLC in the 2nd quarter valued at approximately $77,094,000. Finally, Bain Capital Public Equity Management LLC acquired a new stake in Johnson Controls International PLC in the 2nd quarter valued at approximately $76,382,000. 88.25% of the stock is currently owned by institutional investors and hedge funds.

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Several analysts recently commented on the company. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $50.00 target price (down from $52.00) on shares of Johnson Controls International PLC in a research report on Tuesday, October 31st. JMP Securities set a $50.00 price target on Johnson Controls International PLC and gave the company a “buy” rating in a research report on Monday, October 23rd. Citigroup Inc. reiterated a “buy” rating and set a $50.00 price target (up from $47.00) on shares of Johnson Controls International PLC in a research report on Monday, October 9th. Cowen and Company reiterated a “buy” rating and set a $48.00 price target on shares of Johnson Controls International PLC in a research report on Thursday, November 9th. Finally, Morgan Stanley set a $48.00 price target on Johnson Controls International PLC and gave the company an “overweight” rating in a research report on Monday, October 2nd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $47.79.

In related news, VP Jeffrey M. Williams sold 1,955 shares of Johnson Controls International PLC stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $41.43, for a total transaction of $80,995.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.50% of the company’s stock.

Shares of Johnson Controls International PLC (NYSE:JCI) traded down $0.33 during trading on Tuesday, hitting $36.06. The stock had a trading volume of 4,311,600 shares, compared to its average volume of 5,147,542. The firm has a market capitalization of $33,460.00, a PE ratio of 13.94, a PEG ratio of 0.98 and a beta of 0.94. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.56. Johnson Controls International PLC has a 1-year low of $34.51 and a 1-year high of $46.17.

Johnson Controls International PLC (NYSE:JCI) last issued its earnings results on Thursday, November 9th. The auto parts company reported $0.87 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.87. The business had revenue of $8.14 billion during the quarter, compared to analysts’ expectations of $8.10 billion. Johnson Controls International PLC had a return on equity of 11.91% and a net margin of 6.32%. Johnson Controls International PLC’s revenue was up 30.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.21 earnings per share. research analysts anticipate that Johnson Controls International PLC will post 2.8 earnings per share for the current fiscal year.

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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