Zurich Insurance Group Ltd FI bought a new position in shares of Johnson Controls International PLC (NYSE:JCI) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 131,504 shares of the auto parts company’s stock, valued at approximately $5,702,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of JCI. FNY Managed Accounts LLC purchased a new stake in Johnson Controls International PLC in the 1st quarter valued at $100,000. Bessemer Group Inc. boosted its stake 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 worth $110,000 after purchasing an additional 133 shares during the period. Harfst & Associates Inc. boosted its stake 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 worth $116,000 after purchasing an additional 389 shares during the period. Grove Bank & Trust boosted its stake 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 worth $117,000 after purchasing an additional 985 shares during the period. Finally, First PREMIER Bank boosted its stake 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 worth $146,000 after purchasing an additional 2,640 shares during the period. Institutional investors and hedge funds own 86.09% of the company’s stock.

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JCI has been the subject of a number of research reports. Wolfe Research began coverage on shares of Johnson Controls International PLC in a report on Tuesday, July 11th. They issued a “market perform” rating for the company. Morgan Stanley reissued an “overweight” rating and set a $51.00 price target (up previously from $50.00) on shares of Johnson Controls International PLC in a report on Monday, July 10th. Zacks Investment Research cut Johnson Controls International PLC from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. BidaskClub upgraded Johnson Controls International PLC from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Finally, JMP Securities assumed coverage on Johnson Controls International PLC in a research report on Monday, June 19th. They issued an “outperform” rating and a $54.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $48.86.

Shares of Johnson Controls International PLC (NYSE JCI) traded up 0.50% during trading on Monday, reaching $40.49. The company had a trading volume of 630,374 shares. Johnson Controls International PLC has a 12 month low of $36.74 and a 12 month high of $46.86. The stock’s market capitalization is $37.75 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 (NYSE:JCI) last released its quarterly earnings results on Thursday, July 27th. The auto parts company reported $0.71 EPS for the quarter, hitting analysts’ consensus estimates of $0.71. The company had revenue of $7.67 billion for the quarter, compared to the consensus estimate 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%. Johnson Controls International PLC’s revenue was up 48.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.07 EPS. Equities analysts forecast that Johnson Controls International PLC will post $2.61 earnings per share for the current fiscal year.

The business also recently disclosed 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 2.48%. The ex-dividend date is Friday, September 22nd. Johnson Controls International PLC’s dividend payout ratio (DPR) is presently -196.08%.

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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