Third Avenue Management LLC Raises Position in Johnson Controls International PLC (JCI)

Third Avenue Management LLC raised its holdings in shares of Johnson Controls International PLC (NYSE:JCI) by 56.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,189,748 shares of the auto parts company’s stock after buying an additional 430,233 shares during the period. Johnson Controls International PLC comprises approximately 2.2% of Third Avenue Management LLC’s investment portfolio, making the stock its 11th biggest position. Third Avenue Management LLC owned approximately 0.13% of Johnson Controls International PLC worth $47,935,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Janus Capital Management LLC lifted its position in Johnson Controls International PLC by 80.3% in the 1st quarter. Janus Capital Management LLC now owns 1,032,903 shares of the auto parts company’s stock worth $43,506,000 after buying an additional 460,087 shares in the last quarter. Park National Corp OH raised its holdings in shares of Johnson Controls International PLC by 0.3% during the 2nd quarter. Park National Corp OH now owns 384,843 shares of the auto parts company’s stock valued at $16,687,000 after purchasing an additional 1,119 shares in the last quarter. First PREMIER Bank raised its holdings in shares of 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 in the last quarter. Catawba Capital Management VA raised its holdings in shares of Johnson Controls International PLC by 13.2% during the 2nd quarter. Catawba Capital Management VA now owns 68,827 shares of the auto parts company’s stock valued at $2,984,000 after purchasing an additional 7,999 shares in the last quarter. Finally, Trust Co raised its holdings in shares of Johnson Controls International PLC by 9.3% during the 1st quarter. Trust Co now owns 12,892 shares of the auto parts company’s stock valued at $543,000 after purchasing an additional 1,100 shares in the last quarter. 85.98% of the stock is owned by hedge funds and other institutional investors.

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Johnson Controls International PLC (JCI) opened at $35.89 on Wednesday. The firm has a market cap of $34,271.04, a P/E ratio of 14.15, a PEG ratio of 0.98 and a beta of 0.94. Johnson Controls International PLC has a 1-year low of $35.62 and a 1-year high of $46.17. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.56.

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

Several analysts have issued reports on the stock. Citigroup Inc. reiterated a “buy” rating and set a $50.00 target price (up from $47.00) on shares of Johnson Controls International PLC in a research report on Monday, October 9th. Cowen and Company reiterated an “outperform” rating and set a $48.00 target price on shares of Johnson Controls International PLC in a research report on Monday, August 21st. Zacks Investment Research raised shares of Johnson Controls International PLC from a “sell” rating to a “hold” rating in a report on Tuesday, September 5th. Robert W. Baird cut their price target on shares of Johnson Controls International PLC from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Friday, November 10th. Finally, Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $45.00 price target (down from $50.00) on shares of Johnson Controls International PLC in a report on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the stock. Johnson Controls International PLC has an average rating of “Hold” and an average target price of $47.79.

In other news, VP Jeffrey M. Williams sold 1,955 shares of the business’s 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.50% of the company’s stock.

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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