Johnson Controls International PLC (JCI) Stake Cut by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY lowered its stake in shares of Johnson Controls International PLC (NYSE:JCI) by 1.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,673,729 shares of the auto parts company’s stock after selling 24,763 shares during the period. Johnson Controls International PLC makes up approximately 1.4% of Miller Howard Investments Inc. NY’s investment portfolio, making the stock its 22nd largest position. Miller Howard Investments Inc. NY owned 0.18% of Johnson Controls International PLC worth $72,573,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. American International Group Inc. raised its stake in Johnson Controls International PLC by 0.8% in the first quarter. American International Group Inc. now owns 467,845 shares of the auto parts company’s stock valued at $19,706,000 after buying an additional 3,499 shares in the last quarter. Busey Trust CO acquired a new stake in Johnson Controls International PLC during the first quarter valued at approximately $2,994,000. Bank of New York Mellon Corp raised its stake in Johnson Controls International PLC by 19.2% in the first quarter. Bank of New York Mellon Corp now owns 9,214,364 shares of the auto parts company’s stock valued at $388,108,000 after buying an additional 1,483,178 shares in the last quarter. PGGM Investments raised its stake in Johnson Controls International PLC by 15.7% in the first quarter. PGGM Investments now owns 1,091,359 shares of the auto parts company’s stock valued at $45,968,000 after buying an additional 148,000 shares in the last quarter. Finally, Financial Counselors Inc. raised its stake in Johnson Controls International PLC by 2.8% in the first quarter. Financial Counselors Inc. now owns 21,317 shares of the auto parts company’s stock valued at $898,000 after buying an additional 586 shares in the last quarter. 85.23% of the stock is owned by institutional investors and hedge funds.

Johnson Controls International PLC (NYSE:JCI) traded down 0.57% on Friday, reaching $38.67. 2,936,758 shares of the company were exchanged. The stock has a 50 day moving average of $41.98 and a 200 day moving average of $41.93. The firm’s market capitalization is $36.06 billion. Johnson Controls International PLC has a 12-month low of $38.51 and a 12-month high of $48.97.

Johnson Controls International PLC (NYSE:JCI) last issued its earnings results on Thursday, July 27th. The auto parts company reported $0.71 earnings per share for the quarter, hitting the Zacks’ 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%. The firm’s revenue for the quarter was up 48.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.07 earnings per share. Equities analysts anticipate that Johnson Controls International PLC will post $2.61 EPS for the current year.

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Several analysts recently commented on JCI shares. Zacks Investment Research lowered shares of Johnson Controls International PLC from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Gabelli upgraded 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 report on Friday, July 28th. Royal Bank Of Canada restated a “hold” rating and issued a $43.00 price target (down previously from $48.00) on shares of Johnson Controls International PLC in a research report on Friday, July 28th. ValuEngine downgraded shares of Johnson Controls International PLC from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Cowen and Company restated an “outperform” rating and issued a $52.00 price target on shares of Johnson Controls International PLC in a research report on Friday, May 19th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $50.43.

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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