AMG Funds LLC Acquires 199 Shares of Johnson Controls International PLC (NYSE:JCI)

AMG Funds LLC boosted its stake in Johnson Controls International PLC (NYSE:JCI) by 0.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,628 shares of the auto parts company’s stock after purchasing an additional 199 shares during the quarter. AMG Funds LLC’s holdings in Johnson Controls International PLC were worth $1,935,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JCI. LS Investment Advisors LLC increased its holdings in Johnson Controls International PLC by 1.7% in the first quarter. LS Investment Advisors LLC now owns 228,564 shares of the auto parts company’s stock valued at $9,627,000 after purchasing an additional 3,714 shares during the last quarter. Corbyn Investment Management Inc. MD grew its stake in Johnson Controls International PLC by 25.7% in the first quarter. Corbyn Investment Management Inc. MD now owns 291,779 shares of the auto parts company’s stock valued at $12,290,000 after acquiring an additional 59,564 shares during the period. Icon Advisers Inc. Co. grew its stake in Johnson Controls International PLC by 2,401.0% in the first quarter. Icon Advisers Inc. Co. now owns 250,100 shares of the auto parts company’s stock valued at $10,534,000 after acquiring an additional 240,100 shares during the period. World Asset Management Inc grew its stake in Johnson Controls International PLC by 12.1% in the first quarter. World Asset Management Inc now owns 101,093 shares of the auto parts company’s stock valued at $4,258,000 after acquiring an additional 10,896 shares during the period. Finally, Sand Hill Global Advisors LLC acquired a new position in Johnson Controls International PLC in the first quarter valued at about $271,000. Institutional investors and hedge funds own 86.08% of the company’s stock.

A number of research firms have issued reports on JCI. Wolfe Research began coverage on Johnson Controls International PLC in a research note on Tuesday, July 11th. They issued a “market perform” rating for the company. TheStreet raised Johnson Controls International PLC from a “c” rating to a “b” rating in a research report on Thursday, July 27th. BidaskClub cut Johnson Controls International PLC from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Morgan Stanley reduced their price objective on Johnson Controls International PLC from $51.00 to $46.00 and set an “overweight” rating for the company in a research report on Monday, August 7th. Finally, Zacks Investment Research raised Johnson Controls International PLC from a “sell” rating to a “hold” rating in a research report on Tuesday, September 5th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $48.86.

Johnson Controls International PLC (NYSE JCI) opened at 39.89 on Friday. The company’s market cap is $37.19 billion. The stock’s 50 day moving average price is $39.03 and its 200-day moving average price is $41.28. Johnson Controls International PLC has a 52 week low of $36.74 and a 52 week high of $46.86.

Johnson Controls International PLC (NYSE:JCI) last posted its earnings results on Thursday, July 27th. The auto parts company reported $0.71 earnings per share for the quarter, hitting analysts’ consensus estimates 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 firm had revenue of $7.67 billion for the quarter, compared to the consensus estimate of $7.72 billion. During the same period in the previous year, the firm posted $1.07 EPS. The business’s quarterly revenue was up 48.8% on a year-over-year basis. On average, equities research analysts forecast that Johnson Controls International PLC will post $2.61 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Monday, September 25th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, September 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.51%. Johnson Controls International PLC’s dividend payout ratio is presently -196.08%.

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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)

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