Seven Eight Capital LP Takes $219,000 Position in Johnson Controls International PLC (JCI)

Seven Eight Capital LP bought a new position in shares of Johnson Controls International PLC (NYSE:JCI) in the third quarter, Holdings Channel reports. The firm bought 6,271 shares of the auto parts company’s stock, valued at approximately $219,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in JCI. Newport Trust Co acquired a new stake in Johnson Controls International during the 2nd quarter worth $316,198,000. Parnassus Investments CA acquired a new stake in Johnson Controls International during the 2nd quarter worth $66,900,000. Chevy Chase Trust Holdings Inc. acquired a new stake in Johnson Controls International during the 2nd quarter worth $26,076,000. State Treasurer State of Michigan grew its holdings in Johnson Controls International by 203.0% during the 2nd quarter. State Treasurer State of Michigan now owns 826,287 shares of the auto parts company’s stock worth $27,639,000 after acquiring an additional 553,600 shares during the period. Finally, Gateway Investment Advisers LLC acquired a new stake in Johnson Controls International during the 2nd quarter worth $15,296,000. 93.04% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have commented on JCI shares. Barclays lifted their target price on shares of Johnson Controls International from $38.00 to $39.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 1st. Credit Suisse Group initiated coverage on shares of Johnson Controls International in a research report on Friday, October 12th. They set a “neutral” rating and a $37.00 price target on the stock. TheStreet raised shares of Johnson Controls International from a “c+” rating to a “b-” rating in a research report on Friday, August 24th. Argus raised shares of Johnson Controls International from a “hold” rating to a “buy” rating in a research report on Tuesday, August 21st. Finally, Zacks Investment Research cut shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Monday, July 16th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $40.64.



Shares of NYSE JCI opened at $31.28 on Tuesday. The firm has a market cap of $28.97 billion, a PE ratio of 12.03, a PEG ratio of 0.94 and a beta of 0.85. Johnson Controls International PLC has a twelve month low of $30.60 and a twelve month high of $42.45. The company has a current ratio of 1.10, a quick ratio of 0.79 and a debt-to-equity ratio of 0.48.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Monday, September 24th were given a $0.26 dividend. The ex-dividend date was Friday, September 21st. This represents a $1.04 annualized dividend and a yield of 3.32%. Johnson Controls International’s dividend payout ratio is currently 40.00%.

About Johnson Controls International

Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Building Technologies & Solutions and Power Solutions segments. It designs, sells, controls, installs heating, ventilating, and air conditioning systems. The company also provides residential air conditioning and heating systems, and industrial refrigeration products, as well as technical and energy management consulting services.

See Also: Earnings Per Share (EPS)

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

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