The Johnson Controls International PLC (JCI) Position Boosted by Caisse DE Depot ET Placement DU Quebec, Report finds

The Johnson Controls International PLC (JCI) Position Boosted by Caisse DE Depot ET Placement DU Quebec, Report finds

Other hedge funds also recently made changes to their positions in the company. Mizuho Trust & Banking Co. Ltd. increased its stake in shares of Johnson Controls International PLC by 0.7% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 1,072,138 shares of the company’s stock worth $47,453,000 after buying an additional 7,860 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Johnson Controls International PLC by 3.1% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 96,916 shares of the company’s stock worth $4,290,000 after buying an additional 2,903 shares during the last quarter. AGF Investments America Inc. increased its stake in shares of Johnson Controls International PLC by 15.4% in the second quarter. AGF Investments America Inc. now owns 144,978 shares of the company’s stock worth $6,417,000 after buying an additional 19,381 shares during the last quarter. Spinnaker Trust increased its stake in shares of Johnson Controls International PLC by 7.0% in the second quarter. Spinnaker Trust now owns 8,397 shares of the company’s stock worth $372,000 after buying an additional 550 shares during the last quarter. Finally, Pillar Pacific Capital Management LLC increased its stake in shares of Johnson Controls International PLC by 21.9% in the second quarter. Pillar Pacific Capital Management LLC now owns 46,677 shares of the company’s stock worth $2,066,000 after buying an additional 8,372 shares during the last quarter. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Caisse DE Depot ET Placement DU Quebec increased its position in shares of Johnson Controls International PLC (NYSE:JCI) by 115.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 193,269 shares of the company’s stock after buying an additional 103,669 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Johnson Controls International PLC were worth $8,993,000 as of its most recent filing with the SEC.

Johnson Controls International PLC (NYSE:JCI) traded up 1.31% on Friday, hitting $41.85. 6,262,651 shares of the company were exchanged. The stock’s market capitalization is $39.28 billion. Johnson Controls International PLC has a 52-week low of $33.01 and a 52-week high of $48.97. The stock’s 50-day moving average price is $42.77 and its 200-day moving average price is $44.04.

Johnson Controls International PLC (NYSE:JCI) last released its quarterly earnings data on Wednesday, February 1st. The company reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.01. Johnson Controls International PLC had a positive return on equity of 13.43% and a negative net margin of 2.07%. The business had revenue of $7.09 billion for the quarter, compared to analyst estimates of $7.16 billion. During the same quarter in the prior year, the firm posted $0.82 EPS. The business’s quarterly revenue was up 51.1% compared to the same quarter last year. On average, equities research analysts anticipate that Johnson Controls International PLC will post $2.66 earnings per share for the current fiscal year.

Several equities analysts have recently weighed in on JCI shares. Credit Suisse Group reiterated a “buy” rating and issued a $51.00 price objective on shares of Johnson Controls International PLC in a research note on Sunday, February 5th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $46.00 price objective on shares of Johnson Controls International PLC in a research note on Tuesday, November 1st. RBC Capital Markets reiterated a “hold” rating and issued a $46.00 price objective on shares of Johnson Controls International PLC in a research note on Thursday, January 5th. Robert W. Baird reiterated an “outperform” rating and issued a $53.00 price objective on shares of Johnson Controls International PLC in a research note on Tuesday, October 18th. Finally, Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $48.00 price objective (down previously from $52.00) on shares of Johnson Controls International PLC in a research note on Wednesday, November 2nd. Seven analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $51.12.

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.

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