Piedmont Investment Advisors LLC Has $8.68 Million Holdings in Johnson Controls International PLC (JCI)

Piedmont Investment Advisors LLC lowered its position in Johnson Controls International PLC (NYSE:JCI) by 21.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 200,154 shares of the auto parts company’s stock after selling 55,205 shares during the quarter. Piedmont Investment Advisors LLC’s holdings in Johnson Controls International PLC were worth $8,679,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. Teachers Advisors LLC increased its stake in shares of Johnson Controls International PLC by 4.3% during the first quarter. Teachers Advisors LLC now owns 1,645,194 shares of the auto parts company’s stock valued at $69,296,000 after acquiring an additional 67,729 shares during the period. United Capital Financial Advisers LLC increased its stake in shares of Johnson Controls International PLC by 16.1% during the first quarter. United Capital Financial Advisers LLC now owns 26,914 shares of the auto parts company’s stock valued at $1,134,000 after acquiring an additional 3,736 shares during the period. Saturna Capital CORP increased its stake in shares of Johnson Controls International PLC by 0.8% during the first quarter. Saturna Capital CORP now owns 441,041 shares of the auto parts company’s stock valued at $18,577,000 after acquiring an additional 3,700 shares during the period. Janus Capital Management LLC increased its stake in shares of Johnson Controls International PLC by 80.3% during the first quarter. Janus Capital Management LLC now owns 1,032,903 shares of the auto parts company’s stock valued at $43,506,000 after acquiring an additional 460,087 shares during the period. Finally, FNY Managed Accounts LLC acquired a new position in shares of Johnson Controls International PLC during the first quarter valued at approximately $100,000. Institutional investors own 86.09% of the company’s stock.

A number of research analysts recently commented on JCI shares. JMP Securities started coverage on shares of Johnson Controls International PLC in a research note on Monday, June 19th. They set an “outperform” rating and a $54.00 price objective on the stock. BidaskClub upgraded shares of Johnson Controls International PLC from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Zacks Investment Research lowered shares of Johnson Controls International PLC from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Morgan Stanley reiterated an “overweight” rating and set a $51.00 price objective (up previously from $50.00) on shares of Johnson Controls International PLC in a research note on Monday, July 10th. Finally, Wolfe Research started coverage on shares of Johnson Controls International PLC in a research note on Tuesday, July 11th. They set a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the stock. Johnson Controls International PLC presently has a consensus rating of “Hold” and a consensus price target of $48.71.

Johnson Controls International PLC (JCI) traded up 0.713% during midday trading on Friday, reaching $41.685. 801,472 shares of the company’s stock were exchanged. The stock’s market cap is $38.87 billion. The firm’s 50-day moving average is $40.00 and its 200 day moving average is $41.17. Johnson Controls International PLC has a 1-year low of $36.74 and a 1-year high of $46.17.

Johnson Controls International PLC (NYSE:JCI) last released its quarterly earnings results on Thursday, July 27th. The auto parts company reported $0.71 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.71. The company had revenue of $7.67 billion during the quarter, compared to analysts’ expectations of $7.72 billion. Johnson Controls International PLC had a negative net margin of 0.43% and a positive return on equity of 11.74%. The business’s quarterly revenue was up 48.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.07 earnings per share. Equities analysts anticipate that Johnson Controls International PLC will post $2.61 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Monday, September 25th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend is Friday, September 22nd. Johnson Controls International PLC’s dividend payout ratio (DPR) is presently -196.08%.

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In other news, VP Jeffrey M. Williams sold 1,955 shares of the company’s stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $41.43, for a total value of $80,995.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.48% of the stock is owned by corporate insiders.

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.

Institutional Ownership by Quarter for Johnson Controls International PLC (NYSE:JCI)

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