Johnson Controls International PLC (JCI) Shares Sold by KCM Investment Advisors LLC

KCM Investment Advisors LLC cut its stake in Johnson Controls International PLC (NYSE:JCI) by 71.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,408 shares of the auto parts company’s stock after selling 23,607 shares during the period. KCM Investment Advisors LLC’s holdings in Johnson Controls International PLC were worth $408,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. OppenheimerFunds Inc. raised its stake 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 buying an additional 2,670,778 shares during the last quarter. Lazard Asset Management LLC raised its stake in shares of Johnson Controls International PLC by 20.1% during the first quarter. Lazard Asset Management LLC now owns 11,231,816 shares of the auto parts company’s stock worth $473,083,000 after buying an additional 1,883,034 shares during the last quarter. Strs Ohio bought a new stake in shares of Johnson Controls International PLC during the second quarter worth approximately $77,094,000. Ameriprise Financial Inc. raised its stake in shares of Johnson Controls International PLC by 19.7% during the second quarter. Ameriprise Financial Inc. now owns 10,564,756 shares of the auto parts company’s stock worth $458,142,000 after buying an additional 1,736,815 shares during the last quarter. Finally, MUFG Securities EMEA plc bought a new stake in shares of Johnson Controls International PLC during the second quarter worth approximately $59,490,000. 86.17% of the stock is owned by institutional investors.

Johnson Controls International PLC (JCI) opened at 39.81 on Friday. The stock has a 50 day moving average of $39.03 and a 200 day moving average of $41.33. Johnson Controls International PLC has a 12-month low of $36.74 and a 12-month high of $46.86. The firm’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 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 business had revenue of $7.67 billion during the quarter, compared to the consensus estimate of $7.72 billion. During the same quarter last year, the firm posted $1.07 EPS. Johnson Controls International PLC’s revenue was up 48.8% compared to the same quarter last year. On average, equities research analysts anticipate that Johnson Controls International PLC will post $2.61 EPS for the current fiscal year.

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

A number of equities research analysts recently weighed in on JCI shares. TheStreet raised shares of Johnson Controls International PLC from a “c” rating to a “b” rating in a research note on Thursday, July 27th. Gabelli raised shares of Johnson Controls International PLC from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research note on Friday, July 28th. Robert W. Baird reissued a “buy” rating and set a $50.00 price target on shares of Johnson Controls International PLC in a research note on Monday, August 28th. ValuEngine downgraded shares of Johnson Controls International PLC from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $43.00 price target (down from $48.00) on shares of Johnson Controls International PLC in a research note on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company. Johnson Controls International PLC has a consensus rating of “Hold” and an average price target of $49.13.

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About Johnson Controls International PLC

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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