Marathon Capital Management Grows Holdings in Johnson Controls International PLC (NYSE:JCI)

Marathon Capital Management increased its stake in Johnson Controls International PLC (NYSE:JCI) by 2.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,754 shares of the auto parts company’s stock after purchasing an additional 650 shares during the quarter. Marathon Capital Management’s holdings in Johnson Controls International PLC were worth $1,203,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. CHICAGO TRUST Co NA lifted its holdings in Johnson Controls International PLC by 0.5% in the 2nd quarter. CHICAGO TRUST Co NA now owns 7,679 shares of the auto parts company’s stock valued at $333,000 after acquiring an additional 36 shares during the last quarter. First Interstate Bank lifted its stake in Johnson Controls International PLC by 0.9% during the second quarter. First Interstate Bank now owns 7,069 shares of the auto parts company’s stock valued at $307,000 after buying an additional 62 shares in the last quarter. Stanley Laman Group Ltd. lifted its stake in Johnson Controls International PLC by 0.6% during the second quarter. Stanley Laman Group Ltd. now owns 11,410 shares of the auto parts company’s stock valued at $495,000 after buying an additional 63 shares in the last quarter. Banced Corp lifted its stake in Johnson Controls International PLC by 0.7% during the second quarter. Banced Corp now owns 11,954 shares of the auto parts company’s stock valued at $519,000 after buying an additional 84 shares in the last quarter. Finally, River Wealth Advisors LLC increased its holdings in shares of Johnson Controls International PLC by 1.1% in the 2nd quarter. River Wealth Advisors LLC now owns 11,070 shares of the auto parts company’s stock valued at $480,000 after purchasing an additional 117 shares during the period. 86.17% of the stock is owned by institutional investors and hedge funds.

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Johnson Controls International PLC (NYSE JCI) traded down 0.087% on Friday, hitting $40.065. The company had a trading volume of 2,043,156 shares. The stock’s market capitalization is $37.36 billion. The stock has a 50 day moving average of $39.04 and a 200-day moving average of $41.35. Johnson Controls International PLC has a one year low of $36.74 and a one year high of $46.86.

Johnson Controls International PLC (NYSE:JCI) last posted its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.71 earnings per share (EPS) for the quarter, meeting 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 company had revenue of $7.67 billion during the quarter, compared to analyst estimates of $7.72 billion. During the same quarter last year, the company earned $1.07 earnings per share. The firm’s quarterly revenue was up 48.8% on a year-over-year basis. Equities analysts anticipate that Johnson Controls International PLC will post $2.61 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Monday, September 25th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend is Friday, September 22nd. Johnson Controls International PLC’s dividend payout ratio (DPR) is currently -196.08%.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Johnson Controls International PLC from a “sell” rating to a “hold” rating in a report on Monday. Robert W. Baird restated a “buy” rating and issued a $50.00 price objective on shares of Johnson Controls International PLC in a report on Monday, August 28th. Cowen and Company restated an “outperform” rating and issued a $48.00 price objective on shares of Johnson Controls International PLC in a report on Monday, August 21st. BidaskClub downgraded Johnson Controls International PLC from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Finally, Morgan Stanley decreased their target price 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. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $49.63.

Johnson Controls International PLC 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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