Investors Buy Shares of Johnson Controls International PLC (JCI) on Weakness

Investors purchased shares of Johnson Controls International PLC (NYSE:JCI) on weakness during trading on Tuesday. $131.93 million flowed into the stock on the tick-up and $64.85 million flowed out of the stock on the tick-down, for a money net flow of $67.08 million into the stock. Of all companies tracked, Johnson Controls International PLC had the 8th highest net in-flow for the day. Johnson Controls International PLC traded down ($0.11) for the day and closed at $35.89

Several equities analysts have 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. Morgan Stanley set a $48.00 price objective on shares of Johnson Controls International PLC and gave the company an “overweight” rating in a report on Monday, October 2nd. TheStreet upgraded shares of Johnson Controls International PLC from a “c” rating to a “b” rating in a report on Thursday, July 27th. BidaskClub lowered shares of Johnson Controls International PLC from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $50.00 price objective (down previously from $52.00) on shares of Johnson Controls International PLC in a report on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $47.79.

The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $34,271.04, a PE ratio of 14.15, a PEG ratio of 0.98 and a beta of 0.94.

Johnson Controls International PLC (NYSE:JCI) last issued its quarterly earnings data on Thursday, November 9th. The auto parts company reported $0.87 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.87. Johnson Controls International PLC had a net margin of 6.32% and a return on equity of 11.91%. The business had revenue of $8.14 billion during the quarter, compared to the consensus estimate of $8.10 billion. During the same period in the prior year, the firm posted $1.21 EPS. The firm’s quarterly revenue was up 30.1% compared to the same quarter last year. sell-side analysts predict that Johnson Controls International PLC will post 2.84 EPS for the current fiscal year.

In other news, VP Jeffrey M. Williams sold 1,955 shares of the stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $41.43, for a total transaction of $80,995.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in JCI. Dodge & Cox grew its position in shares of Johnson Controls International PLC by 83.5% during the 2nd quarter. Dodge & Cox now owns 57,851,274 shares of the auto parts company’s stock valued at $2,508,431,000 after acquiring an additional 26,319,624 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Johnson Controls International PLC by 144.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,877,880 shares of the auto parts company’s stock valued at $211,505,000 after acquiring an additional 2,879,948 shares during the period. Hotchkis & Wiley Capital Management LLC grew its position in shares of Johnson Controls International PLC by 31.0% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 11,885,205 shares of the auto parts company’s stock valued at $478,855,000 after acquiring an additional 2,812,690 shares during the period. Capital World Investors grew its position in shares of Johnson Controls International PLC by 4.7% during the 2nd quarter. Capital World Investors now owns 42,405,917 shares of the auto parts company’s stock valued at $1,838,721,000 after acquiring an additional 1,917,892 shares during the period. Finally, Strs Ohio bought a new position in shares of Johnson Controls International PLC during the 2nd quarter valued at approximately $77,094,000. 85.98% of the stock is owned by hedge funds and other institutional investors.

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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.

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