Cigna Investments Inc. New Sells 2,190 Shares of Johnson Controls International PLC (JCI)

Cigna Investments Inc. New cut its position in Johnson Controls International PLC (NYSE:JCI) by 5.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,148 shares of the auto parts company’s stock after selling 2,190 shares during the period. Cigna Investments Inc. New’s holdings in Johnson Controls International PLC were worth $1,575,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in JCI. FNY Managed Accounts LLC bought a new stake in shares of Johnson Controls International PLC during the first quarter worth approximately $100,000. Bessemer Group Inc. raised its stake in shares of Johnson Controls International PLC by 5.5% in the second quarter. Bessemer Group Inc. now owns 2,550 shares of the auto parts company’s stock valued at $110,000 after buying an additional 133 shares during the period. Grove Bank & Trust raised its stake in shares of Johnson Controls International PLC by 57.7% in the second quarter. Grove Bank & Trust now owns 2,693 shares of the auto parts company’s stock valued at $117,000 after buying an additional 985 shares during the period. First PREMIER Bank raised its stake in shares of Johnson Controls International PLC by 366.2% in the second quarter. First PREMIER Bank now owns 3,361 shares of the auto parts company’s stock valued at $146,000 after buying an additional 2,640 shares during the period. Finally, Bbva Compass Bancshares Inc. raised its stake in shares of Johnson Controls International PLC by 4.2% in the second quarter. Bbva Compass Bancshares Inc. now owns 3,714 shares of the auto parts company’s stock valued at $161,000 after buying an additional 150 shares during the period. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Shares of Johnson Controls International PLC (NYSE JCI) traded up 0.43% during trading on Friday, reaching $37.05. 4,523,953 shares of the company traded hands. The company’s market capitalization is $34.55 billion. Johnson Controls International PLC has a 1-year low of $36.74 and a 1-year high of $49.83. The stock’s 50 day moving average is $41.30 and its 200 day moving average is $41.70.

Johnson Controls International PLC (NYSE:JCI) last released 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. Johnson Controls International PLC had a positive return on equity of 11.74% and a negative net margin of 0.43%. The business had revenue of $7.67 billion during the quarter, compared to analysts’ expectations of $7.72 billion. During the same quarter in the prior year, the business earned $1.07 earnings per share. The company’s quarterly revenue was up 48.8% compared to the same quarter last year. On average, analysts forecast that Johnson Controls International PLC will post $2.61 EPS for the current year.

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Several equities analysts have weighed in on the stock. BidaskClub downgraded shares of Johnson Controls International PLC from a “sell” rating to a “strong sell” rating in a report on Friday. 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. Atlantic Securities downgraded shares of Johnson Controls International PLC from an “overweight” rating to a “neutral” rating in a report on Friday, July 28th. Wolfe Research began coverage on shares of Johnson Controls International PLC in a report on Tuesday, July 11th. They issued a “market perform” rating on the stock. Finally, TheStreet raised shares of Johnson Controls International PLC from a “c” rating to a “b” rating in a report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Johnson Controls International PLC presently has an average rating of “Buy” and an average price target 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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