Johnson Controls International PLC (JCI) Stake Boosted by Assetmark Inc.

Assetmark Inc. grew its holdings in Johnson Controls International PLC (NYSE:JCI) by 5,952.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 405,784 shares of the auto parts company’s stock after purchasing an additional 399,080 shares during the period. Assetmark Inc.’s holdings in Johnson Controls International PLC were worth $16,349,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Dodge & Cox lifted its stake in 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 worth $2,508,431,000 after acquiring an additional 26,319,624 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in 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 worth $211,505,000 after acquiring an additional 2,879,948 shares in the last quarter. Capital World Investors increased its holdings in 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 worth $1,838,721,000 after purchasing an additional 1,917,892 shares during the period. Strs Ohio purchased a new stake in Johnson Controls International PLC during the 2nd quarter worth about $77,094,000. Finally, Bain Capital Public Equity Management LLC purchased a new stake in Johnson Controls International PLC during the 2nd quarter worth about $76,382,000. 88.25% of the stock is currently owned by institutional investors and hedge funds.

In related news, VP Jeffrey M. Williams sold 1,955 shares of the business’s stock in a transaction dated Wednesday, October 11th. The stock was 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 Securities & Exchange Commission, which is available through this link. Insiders own 1.50% of the company’s stock.

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JCI has been the topic of several recent research reports. Atlantic Securities downgraded Johnson Controls International PLC from an “overweight” rating to a “neutral” rating in a report on Friday, July 28th. Gabelli upgraded 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 restated a “hold” rating and set a $43.00 price target (down previously from $48.00) on shares of Johnson Controls International PLC in a report on Friday, July 28th. TheStreet upgraded Johnson Controls International PLC from a “c” rating to a “b” rating in a report on Thursday, July 27th. Finally, BidaskClub downgraded Johnson Controls International PLC from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the company’s stock. Johnson Controls International PLC presently has an average rating of “Hold” and an average price target of $47.79.

Shares of Johnson Controls International PLC (JCI) traded down $0.33 on Tuesday, hitting $36.06. The company’s stock had a trading volume of 4,311,600 shares, compared to its average volume of 5,147,542. The firm has a market capitalization of $33,460.00, a PE ratio of 13.94, a PEG ratio of 0.98 and a beta of 0.94. Johnson Controls International PLC has a 12 month low of $34.51 and a 12 month high of $46.17. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.77 and a current ratio of 1.04.

Johnson Controls International PLC (NYSE:JCI) last issued 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 company had revenue of $8.14 billion for the quarter, compared to analysts’ expectations of $8.10 billion. Johnson Controls International PLC had a return on equity of 11.91% and a net margin of 6.32%. The firm’s quarterly revenue 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. analysts predict that Johnson Controls International PLC will post 2.8 EPS for the current year.

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

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