The Johnson Controls International PLC (JCI) Stake Lowered by Fayerweather Charles, Report finds

The Johnson Controls International PLC (JCI) Stake Lowered by Fayerweather Charles, Report finds

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Johnson Controls International PLC by 2.5% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 39,308,460 shares of the company’s stock valued at $1,739,792,000 after buying an additional 946,124 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of Johnson Controls International PLC by 45.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 24,217,365 shares of the company’s stock valued at $1,126,834,000 after buying an additional 7,558,798 shares during the last quarter. BlackRock Fund Advisors boosted its position in shares of Johnson Controls International PLC by 107.0% in the third quarter. BlackRock Fund Advisors now owns 15,341,709 shares of the company’s stock valued at $713,850,000 after buying an additional 7,929,440 shares during the last quarter. Northern Trust Corp boosted its position in shares of Johnson Controls International PLC by 25.5% in the third quarter. Northern Trust Corp now owns 10,873,597 shares of the company’s stock valued at $505,949,000 after buying an additional 2,212,297 shares during the last quarter. Finally, Davis Selected Advisers boosted its position in shares of Johnson Controls International PLC by 3.1% in the second quarter. Davis Selected Advisers now owns 9,435,681 shares of the company’s stock valued at $417,623,000 after buying an additional 285,538 shares during the last quarter. Institutional investors own 82.75% of the company’s stock.

Fayerweather Charles cut its stake in Johnson Controls International PLC (NYSE:JCI) by 44.1% during the third quarter, Holdings Channel reports. The fund owned 4,622 shares of the company’s stock after selling 3,648 shares during the period. Fayerweather Charles’ holdings in Johnson Controls International PLC were worth $215,000 as of its most recent filing with the SEC.

Shares of Johnson Controls International PLC (NYSE:JCI) opened at 41.85 on Monday. The firm’s market cap is $39.28 billion. The firm’s 50-day moving average is $42.77 and its 200-day moving average is $44.04. Johnson Controls International PLC has a 1-year low of $34.56 and a 1-year high of $48.97.

Johnson Controls International PLC (NYSE:JCI) last announced its quarterly earnings results on Wednesday, February 1st. The company reported $0.53 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $7.09 billion for the quarter, compared to analyst estimates of $7.16 billion. During the same period last year, the firm posted $0.82 earnings per share. The business’s revenue for the quarter was up 51.1% on a year-over-year basis. On average, analysts anticipate that Johnson Controls International PLC will post $2.66 EPS for the current fiscal year.

Several analysts recently commented on the stock. Oppenheimer Holdings, Inc. set a $52.00 price target on shares of Johnson Controls International PLC and gave the stock a “buy” rating in a report on Tuesday, January 10th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Johnson Controls International PLC in a report on Monday, December 12th. Sanford C. Bernstein restated an “outperform” rating on shares of Johnson Controls International PLC in a report on Thursday, December 15th. RBC Capital Markets restated a “sector perform” rating and set a $46.00 price target (down from $50.00) on shares of Johnson Controls International PLC in a report on Tuesday, November 1st. Finally, Zacks Investment Research upgraded shares of Johnson Controls International PLC from a “strong sell” rating to a “hold” rating in a report on Monday, January 2nd. Seven research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $51.12.

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.

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