Diamond Hill Capital Management Inc. Acquires 1,114,902 Shares of Johnson Controls International PLC (JCI)

Diamond Hill Capital Management Inc. raised its position in Johnson Controls International PLC (NYSE:JCI) by 20,208.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,120,419 shares of the auto parts company’s stock after buying an additional 1,114,902 shares during the period. Diamond Hill Capital Management Inc. owned approximately 0.12% of Johnson Controls International PLC worth $48,581,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. CHICAGO TRUST Co NA increased its stake in Johnson Controls International PLC by 0.5% in the second quarter. CHICAGO TRUST Co NA now owns 7,679 shares of the auto parts company’s stock worth $333,000 after buying an additional 36 shares during the period. First National Bank & Trust Co. of Newtown increased its stake in Johnson Controls International PLC by 0.4% in the first quarter. First National Bank & Trust Co. of Newtown now owns 11,025 shares of the auto parts company’s stock worth $464,000 after buying an additional 42 shares during the period. Beese Fulmer Investment Management Inc. increased its stake in Johnson Controls International PLC by 0.3% in the first quarter. Beese Fulmer Investment Management Inc. now owns 15,327 shares of the auto parts company’s stock worth $646,000 after buying an additional 42 shares during the period. Quadrant Capital Group LLC increased its stake in Johnson Controls International PLC by 1.0% in the first quarter. Quadrant Capital Group LLC now owns 6,918 shares of the auto parts company’s stock worth $285,000 after buying an additional 70 shares during the period. Finally, Banced Corp increased its stake in Johnson Controls International PLC by 0.7% in the second quarter. Banced Corp now owns 11,954 shares of the auto parts company’s stock worth $519,000 after buying an additional 84 shares during the period. 85.20% of the stock is owned by institutional investors and hedge funds.

Shares of Johnson Controls International PLC (NYSE JCI) traded up 0.43% on Friday, reaching $37.05. 4,523,953 shares of the company’s stock were exchanged. Johnson Controls International PLC has a 12 month low of $36.74 and a 12 month high of $49.83. The firm’s 50-day moving average price is $41.30 and its 200 day moving average price is $41.70. The company’s market cap is $34.55 billion.

Johnson Controls International PLC (NYSE:JCI) last announced its 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 analyst estimates of $7.72 billion. During the same period in the previous year, the business posted $1.07 earnings per share. Johnson Controls International PLC’s revenue for the quarter was up 48.8% on a year-over-year basis. Equities research analysts predict that Johnson Controls International PLC will post $2.61 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally reported by BNB Daily and is the property of of BNB Daily. If you are reading this piece of content on another domain, it was stolen and republished in violation of international trademark and copyright laws. The original version of this piece of content can be accessed at https://www.baseball-news-blog.com/2017/08/19/diamond-hill-capital-management-inc-boosts-stake-in-johnson-controls-international-plc-jci-updated-updated.html.

JCI has been the subject of a number of recent research reports. BidaskClub downgraded Johnson Controls International PLC from a “sell” rating to a “strong sell” rating in a research report on Friday. TheStreet upgraded Johnson Controls International PLC from a “c” rating to a “b” rating in a research report on Thursday, July 27th. Wolfe Research started coverage on Johnson Controls International PLC in a research report on Tuesday, July 11th. They set a “market perform” rating for the company. Morgan Stanley dropped 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 research note on Monday, August 7th. Finally, Atlantic Securities downgraded shares of Johnson Controls International PLC from an “overweight” rating to a “neutral” rating in a research note on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Johnson Controls International PLC has an average rating of “Buy” and a consensus price target of $50.43.

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)

Receive News & Ratings for Johnson Controls International PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Johnson Controls International PLC and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply