River & Mercantile Asset Management LLP boosted its stake in Johnson Controls International PLC (NYSE:JCI) by 181.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 514,238 shares of the auto parts company’s stock after buying an additional 331,317 shares during the period. Johnson Controls International PLC comprises about 4.1% of River & Mercantile Asset Management LLP’s portfolio, making the stock its 4th largest position. River & Mercantile Asset Management LLP owned approximately 0.06% of Johnson Controls International PLC worth $22,305,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Lazard Asset Management LLC boosted its stake in Johnson Controls International PLC by 20.1% in the first quarter. Lazard Asset Management LLC now owns 11,231,816 shares of the auto parts company’s stock valued at $473,083,000 after buying an additional 1,883,034 shares during the period. OppenheimerFunds Inc. boosted its stake in Johnson Controls International PLC by 31.3% in the first quarter. OppenheimerFunds Inc. now owns 11,209,265 shares of the auto parts company’s stock valued at $472,135,000 after buying an additional 2,670,778 shares during the period. Bank of New York Mellon Corp boosted its stake in Johnson Controls International PLC by 19.2% in the first quarter. Bank of New York Mellon Corp now owns 9,214,364 shares of the auto parts company’s stock valued at $388,108,000 after buying an additional 1,483,178 shares during the period. Geode Capital Management LLC boosted its stake in Johnson Controls International PLC by 9.3% in the first quarter. Geode Capital Management LLC now owns 9,137,888 shares of the auto parts company’s stock valued at $384,341,000 after buying an additional 780,842 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in Johnson Controls International PLC by 8.3% in the first quarter. Ameriprise Financial Inc. now owns 8,827,941 shares of the auto parts company’s stock valued at $371,848,000 after buying an additional 672,912 shares during the period. 86.17% of the stock is currently owned by institutional investors.

Johnson Controls International PLC (NYSE:JCI) opened at 38.83 on Monday. Johnson Controls International PLC has a 12 month low of $36.74 and a 12 month high of $48.97. The firm has a 50-day moving average price of $40.70 and a 200-day moving average price of $41.55. The stock’s market cap is $36.21 billion.

Johnson Controls International PLC (NYSE:JCI) last issued its earnings results on Thursday, July 27th. The auto parts company reported $0.71 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.71. The business had revenue of $7.67 billion during the quarter, compared to the consensus estimate of $7.72 billion. Johnson Controls International PLC had a positive return on equity of 11.74% and a negative net margin of 0.43%. The company’s revenue for the quarter was up 48.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.07 EPS. Equities research analysts expect that Johnson Controls International PLC will post $2.61 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “River & Mercantile Asset Management LLP Has $22.31 Million Stake in Johnson Controls International PLC (JCI)” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/08/28/river-mercantile-asset-management-llp-has-22-31-million-stake-in-johnson-controls-international-plc-jci.html.

JCI has been the topic of several recent analyst reports. Zacks Investment Research cut shares of Johnson Controls International PLC from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Gabelli upgraded shares of Johnson Controls International PLC from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a report on Friday, July 28th. Royal Bank Of Canada reiterated a “hold” rating and issued a $43.00 price target (down previously from $48.00) on shares of Johnson Controls International PLC in a report on Friday, July 28th. ValuEngine cut shares of Johnson Controls International PLC from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Cowen and Company reiterated an “outperform” rating and issued a $48.00 price target on shares of Johnson Controls International PLC in a report on Monday, August 21st. Two analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $50.20.

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.

Want to see what other hedge funds are holding JCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Johnson Controls International PLC (NYSE:JCI).

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

Receive News & Stock Ratings for Johnson Controls International PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Johnson Controls International PLC and related stocks with our FREE daily email newsletter.