Johnson Controls International PLC (JCI) Short Interest Up 21.5% in August

Johnson Controls International PLC (NYSE:JCI) saw a large growth in short interest in August. As of August 31st, there was short interest totalling 29,293,402 shares, a growth of 21.5% from the August 15th total of 24,114,700 shares. Currently, 3.2% of the shares of the company are sold short. Based on an average daily trading volume, of 6,522,333 shares, the days-to-cover ratio is presently 4.5 days.

A number of analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Johnson Controls International PLC from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Morgan Stanley reaffirmed an “overweight” rating and set a $51.00 target price (up previously from $50.00) on shares of Johnson Controls International PLC in a report on Monday, July 10th. JMP Securities assumed coverage on shares of Johnson Controls International PLC in a report on Monday, June 19th. They set an “outperform” rating and a $54.00 target price on the stock. ValuEngine lowered shares of Johnson Controls International PLC from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $50.00 target price on shares of Johnson Controls International PLC in a report on Monday, August 28th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $49.13.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Perigon Wealth Management LLC increased its position in Johnson Controls International PLC by 171.7% in the second quarter. Perigon Wealth Management LLC now owns 2,663 shares of the auto parts company’s stock worth $116,000 after purchasing an additional 1,683 shares during the last quarter. Intl Fcstone Inc. bought a new stake in Johnson Controls International PLC in the second quarter worth $929,000. M Holdings Securities Inc. bought a new stake in Johnson Controls International PLC in the second quarter worth $209,000. Lord Abbett & CO. LLC increased its position in Johnson Controls International PLC by 39.6% in the second quarter. Lord Abbett & CO. LLC now owns 3,601,063 shares of the auto parts company’s stock worth $156,142,000 after purchasing an additional 1,021,785 shares during the last quarter. Finally, Hall Laurie J Trustee increased its position in Johnson Controls International PLC by 14.9% in the second quarter. Hall Laurie J Trustee now owns 17,530 shares of the auto parts company’s stock worth $760,000 after purchasing an additional 2,267 shares during the last quarter. Institutional investors own 86.17% of the company’s stock.

Johnson Controls International PLC (JCI) opened at 39.81 on Friday. The company’s 50 day moving average is $39.03 and its 200 day moving average is $41.33. Johnson Controls International PLC has a 12-month low of $36.74 and a 12-month high of $46.86. The company’s market cap is $37.12 billion.

Johnson Controls International PLC (NYSE:JCI) last announced its quarterly earnings results on Thursday, July 27th. The auto parts company reported $0.71 earnings per share for the quarter, hitting the 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 company had revenue of $7.67 billion for the quarter, compared to analysts’ expectations of $7.72 billion. During the same quarter in the previous year, the business posted $1.07 earnings per share. Johnson Controls International PLC’s quarterly revenue was up 48.8% on a year-over-year basis. Analysts forecast that Johnson Controls International PLC will post $2.61 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Monday, September 25th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.51%. The ex-dividend date is Friday, September 22nd. Johnson Controls International PLC’s dividend payout ratio is presently -196.08%.

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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.

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