First Fiduciary Investment Counsel Inc. Buys 11,953 Shares of Johnson Controls International PLC (JCI)

First Fiduciary Investment Counsel Inc. increased its stake in Johnson Controls International PLC (NYSE:JCI) by 3.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 330,097 shares of the auto parts company’s stock after acquiring an additional 11,953 shares during the period. Johnson Controls International PLC comprises about 2.7% of First Fiduciary Investment Counsel Inc.’s holdings, making the stock its 19th largest holding. First Fiduciary Investment Counsel Inc.’s holdings in Johnson Controls International PLC were worth $14,313,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FNY Managed Accounts LLC bought a new position in Johnson Controls International PLC during the 1st quarter valued at approximately $100,000. Bessemer Group Inc. raised its position in Johnson Controls International PLC by 5.5% during the 2nd quarter. Bessemer Group Inc. now owns 2,550 shares of the auto parts company’s stock valued at $110,000 after purchasing an additional 133 shares during the last quarter. Harfst & Associates Inc. raised its position in Johnson Controls International PLC by 16.9% during the 2nd quarter. Harfst & Associates Inc. now owns 2,691 shares of the auto parts company’s stock valued at $116,000 after purchasing an additional 389 shares during the last quarter. Grove Bank & Trust raised its position in Johnson Controls International PLC by 57.7% during the 2nd quarter. Grove Bank & Trust now owns 2,693 shares of the auto parts company’s stock valued at $117,000 after purchasing an additional 985 shares during the last quarter. Finally, First PREMIER Bank raised its position in Johnson Controls International PLC by 366.2% during the 2nd quarter. First PREMIER Bank now owns 3,361 shares of the auto parts company’s stock valued at $146,000 after purchasing an additional 2,640 shares during the last quarter. 86.09% of the stock is owned by institutional investors.

Johnson Controls International PLC (JCI) traded up 0.7579% during mid-day trading on Friday, hitting $41.7037. The company had a trading volume of 1,097,562 shares. The firm’s market capitalization is $38.88 billion. The company has a 50 day moving average of $40.00 and a 200 day moving average of $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 (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate 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 business had revenue of $7.67 billion for the quarter, compared to analyst estimates of $7.72 billion. During the same period in the previous year, the company earned $1.07 earnings per share. The business’s revenue for the quarter was up 48.8% on a year-over-year basis. Analysts predict 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. Shareholders of record on Monday, September 25th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Friday, September 22nd. Johnson Controls International PLC’s dividend payout ratio is currently -196.08%.

In other Johnson Controls International PLC news, VP Jeffrey M. Williams sold 1,955 shares of Johnson Controls International PLC stock in a transaction 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 document filed with the SEC, which is available through this link. 0.48% of the stock is currently owned by insiders.

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

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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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