Palisade Asset Management LLC decreased its stake in Johnson Controls International PLC (NYSE:JCI) by 2.0% during the second quarter, Holdings Channel reports. The fund owned 31,337 shares of the auto parts company’s stock after selling 626 shares during the period. Palisade Asset Management LLC’s holdings in Johnson Controls International PLC were worth $1,359,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. FNY Managed Accounts LLC bought a new stake in shares of Johnson Controls International PLC during the first quarter valued at about $100,000. Bessemer Group Inc. raised its stake in shares of Johnson Controls International PLC by 5.5% in the second quarter. Bessemer Group Inc. now owns 2,550 shares of the auto parts company’s stock valued at $110,000 after buying an additional 133 shares during the last quarter. Grove Bank & Trust raised its stake in shares of Johnson Controls International PLC by 57.7% in the second quarter. Grove Bank & Trust now owns 2,693 shares of the auto parts company’s stock valued at $117,000 after buying an additional 985 shares during the last quarter. First PREMIER Bank raised its stake in shares of Johnson Controls International PLC by 366.2% in the second quarter. First PREMIER Bank now owns 3,361 shares of the auto parts company’s stock valued at $146,000 after buying an additional 2,640 shares during the last quarter. Finally, Bbva Compass Bancshares Inc. raised its stake in shares of Johnson Controls International PLC by 4.2% in the second quarter. Bbva Compass Bancshares Inc. now owns 3,714 shares of the auto parts company’s stock valued at $161,000 after buying an additional 150 shares during the last quarter. Institutional investors own 85.23% of the company’s stock.

Shares of Johnson Controls International PLC (NYSE JCI) opened at 39.45 on Thursday. The stock’s 50 day moving average is $42.14 and its 200-day moving average is $41.99. Johnson Controls International PLC has a 12-month low of $38.51 and a 12-month high of $49.83. The company’s market capitalization is $36.78 billion.

Johnson Controls International PLC (NYSE:JCI) last posted its earnings results on Thursday, July 27th. The auto parts company reported $0.71 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.71. The company had revenue of $7.67 billion during the quarter, compared to analysts’ expectations of $7.72 billion. Johnson Controls International PLC had a negative net margin of 0.43% and a positive return on equity of 11.74%. Johnson Controls International PLC’s quarterly revenue was up 48.8% on a year-over-year basis. During the same period last year, the company posted $1.07 earnings per share. Analysts anticipate that Johnson Controls International PLC will post $2.61 earnings per share for the current year.

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JCI has been the subject of several research analyst reports. TheStreet upgraded shares of Johnson Controls International PLC from a “c” rating to a “b” rating in a research note on Thursday, July 27th. Gabelli upgraded shares of Johnson Controls International PLC from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research note on Friday, July 28th. Cowen and Company restated a “buy” rating and set a $52.00 price target on shares of Johnson Controls International PLC in a research note on Thursday, April 27th. 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 research note on Friday, July 28th. Finally, ValuEngine lowered shares of Johnson Controls International PLC from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average 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.

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

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