Bourgeon Capital Management LLC cut its position in shares of Johnson Controls International PLC (NYSE:JCI) by 14.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,799 shares of the auto parts company’s stock after selling 11,544 shares during the period. Johnson Controls International PLC makes up 1.8% of Bourgeon Capital Management LLC’s investment portfolio, making the stock its 27th largest position. Bourgeon Capital Management LLC’s holdings in Johnson Controls International PLC were worth $2,940,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Glen Harbor Capital Management LLC raised its position in shares of Johnson Controls International PLC by 1,073.2% in the first quarter. Glen Harbor Capital Management LLC now owns 583,950 shares of the auto parts company’s stock worth $24,596,000 after buying an additional 534,174 shares during the period. PGGM Investments raised its position in shares of Johnson Controls International PLC by 15.7% in the first quarter. PGGM Investments now owns 1,091,359 shares of the auto parts company’s stock worth $45,968,000 after buying an additional 148,000 shares during the period. City Holding Co. raised its position in shares of Johnson Controls International PLC by 4.4% in the first quarter. City Holding Co. now owns 19,317 shares of the auto parts company’s stock worth $813,000 after buying an additional 806 shares during the period. Moody National Bank Trust Division raised its position in shares of Johnson Controls International PLC by 11.0% in the first quarter. Moody National Bank Trust Division now owns 10,249 shares of the auto parts company’s stock worth $431,000 after buying an additional 1,015 shares during the period. Finally, Sky Investment Group LLC raised its position in shares of Johnson Controls International PLC by 0.5% in the first quarter. Sky Investment Group LLC now owns 49,806 shares of the auto parts company’s stock worth $2,098,000 after buying an additional 251 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Johnson Controls International PLC (NYSE JCI) opened at 38.67 on Friday. The firm’s market capitalization is $36.06 billion. Johnson Controls International PLC has a 52-week low of $38.51 and a 52-week high of $49.83. The company’s 50-day moving average is $41.98 and its 200-day moving average is $41.93.

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

COPYRIGHT VIOLATION NOTICE: This article was published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this article on another website, it was stolen and reposted in violation of international trademark and copyright laws. The correct version of this article can be accessed at https://theolympiareport.com/2017/08/12/bourgeon-capital-management-llc-cuts-position-in-johnson-controls-international-plc-nysejci.html.

A number of brokerages recently commented on JCI. Wolfe Research began coverage on shares of Johnson Controls International PLC in a research note on Tuesday, July 11th. They issued a “market perform” rating on the stock. Morgan Stanley reissued an “overweight” rating and issued a $51.00 price objective (up previously from $50.00) on shares of Johnson Controls International PLC in a report on Monday, July 10th. Zacks Investment Research downgraded shares of Johnson Controls International PLC from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Cowen and Company reissued a “buy” rating and issued a $52.00 price objective on shares of Johnson Controls International PLC in a report on Thursday, April 27th. Finally, BidaskClub raised shares of Johnson Controls International PLC from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Johnson Controls International PLC presently has a consensus rating of “Buy” and an average price target of $50.43.

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.

Want to see what other hedge funds are holding JCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Johnson Controls International PLC (NYSE:JCI).

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

Receive News & Ratings for Johnson Controls International PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Johnson Controls International PLC and related companies with Analyst Ratings Network's FREE daily email newsletter.