Davis Selected Advisers reduced its holdings in Johnson Controls International PLC (NYSE:JCI) by 4.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,753,394 shares of the auto parts company’s stock after selling 639,413 shares during the period. Johnson Controls International PLC makes up 2.6% of Davis Selected Advisers’ portfolio, making the stock its 13th largest holding. Davis Selected Advisers owned approximately 1.48% of Johnson Controls International PLC worth $596,347,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Lazard Asset Management LLC grew its stake in shares of Johnson Controls International PLC by 20.1% in the 1st quarter. Lazard Asset Management LLC now owns 11,231,816 shares of the auto parts company’s stock worth $473,083,000 after buying an additional 1,883,034 shares in the last quarter. OppenheimerFunds Inc. grew its stake in shares of Johnson Controls International PLC by 31.3% in the 1st quarter. OppenheimerFunds Inc. now owns 11,209,265 shares of the auto parts company’s stock worth $472,135,000 after buying an additional 2,670,778 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Johnson Controls International PLC by 19.2% in the 1st quarter. Bank of New York Mellon Corp now owns 9,214,364 shares of the auto parts company’s stock worth $388,108,000 after buying an additional 1,483,178 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Johnson Controls International PLC by 9.3% in the 1st quarter. Geode Capital Management LLC now owns 9,137,888 shares of the auto parts company’s stock worth $384,341,000 after buying an additional 780,842 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Johnson Controls International PLC by 8.3% in the 1st quarter. Ameriprise Financial Inc. now owns 8,827,941 shares of the auto parts company’s stock worth $371,848,000 after buying an additional 672,912 shares in the last quarter. 86.17% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have commented on the stock. Zacks Investment Research raised shares of Johnson Controls International PLC from a “sell” rating to a “hold” rating in a research note on Tuesday. Morgan Stanley dropped their price objective on shares of Johnson Controls International PLC from $51.00 to $46.00 and set an “overweight” rating for the company in a research note on Monday, August 7th. Atlantic Securities cut shares of Johnson Controls International PLC from an “overweight” rating to a “neutral” rating in a research note on Friday, July 28th. TheStreet raised shares of Johnson Controls International PLC from a “c” rating to a “b” rating in a research note on Thursday, July 27th. Finally, Wolfe Research began coverage on shares of Johnson Controls International PLC in a research note on Tuesday, July 11th. They set a “market perform” rating for the company. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Johnson Controls International PLC presently has a consensus rating of “Buy” and an average price target of $50.04.

Johnson Controls International PLC (NYSE:JCI) remained flat at $40.00 during mid-day trading on Wednesday. The company had a trading volume of 1,380,671 shares. The stock’s market capitalization is $37.30 billion. The company’s 50 day moving average is $39.91 and its 200 day moving average is $41.46. Johnson Controls International PLC has a 52 week low of $36.74 and a 52 week high of $48.93.

Johnson Controls International PLC (NYSE:JCI) last released its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.71 earnings per share for the quarter, hitting analysts’ consensus estimates 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 last year, the company earned $1.07 earnings per share. The firm’s revenue for the quarter was up 48.8% on a year-over-year basis. On average, equities research analysts expect that Johnson Controls International PLC will post $2.61 EPS for the current fiscal year.

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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.

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

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