Economy

HighTower Advisors LLC Grows Holdings in Johnson Controls International PLC (JCI)

The firm now has a "buy" rating on the auto parts company's stock. Moors & Cabot Inc.'s holdings in Johnson Controls International PLC were worth $1,051,000 at the end of the most recent reporting period.

This company shares (JCI) so far managed to recover 10.51% since collapsing to its 52-week low. Johnson Controls International PLC's revenue for the quarter was up 48.8% compared to the same quarter previous year.

Large investors have recently modified their holdings of the stock. Oppenheimer & Co. Inc. now owns 194,832 shares of the auto parts company's stock valued at $8,449,000 after purchasing an additional 22,960 shares during the period.

For the Current Quarter, the growth estimate for Johnson Controls International plc is -28.1%, while for the Next Quarter the stock growth estimate is 15.1%. Advisor Partners LLC now owns 12,917 shares of the auto parts company's stock valued at $601,000 after buying an additional 3,680 shares during the period. Trillium Asset Management LLC increased its position in Johnson Controls International PLC by 2.2% during the 2nd quarter. Finally, Saturna Capital CORP grew its stake in Johnson Controls International PLC by 0.8% in the first quarter.

Johnson Controls International plc (JCI) has the market capitalization of $37.98 Billion. About 327,361 shares traded. As long as profit margins and other details stay intact, Johnson Controls International plc can continue to provide value for investors. The volume of JCI witnessed a shift from 2.93 million shares, based on a 50-day average, to 5.15 million shares.

Johnson Controls International PLC (NYSE:JCI) last released its earnings results on Thursday, July 27th. Federated Investors Inc. PA now owns 73,435 shares of the auto parts company's stock worth $3,184,000 after buying an additional 57,764 shares during the last quarter. The business had revenue of $7.67 billion for the quarter, compared to analyst estimates of $7.72 billion.

Johnson Controls International plc may be a good fit for your portfolio or it may not, but at least you have a better understanding of the Auto Parts industry, which can help you later on down the road. Equities analysts forecast that Johnson Controls International plc Ordinary Share will post $2.63 EPS for the current fiscal year.

Additionally the company recently announced a dividend payable on Friday October 13th, 2017. Shareholders of record on Monday, September 25th will be issued a dividend of $0.25 per share. Judith Reinsdorf has seen steady activity on the sell side, and on September 29, 2017, executed an option to sell 5164 shares. This represents a $1.00 dividend on an annualized basis and a yield of 2.46%. Also, the number of active investment managers holding Johnson Controls Inc in their top 10 stock positions was flat from 0 to 0 for the same number. Wolfe Research began coverage on shares of Johnson Controls International PLC in a research report on Tuesday, July 11th. The stock closed with a fall of -1.14%. If the published price targets set by Johnson Controls International plc analysts have any power to influence the stock's share price, the highest price target set for JCI is $54. The stock of Johnson Controls International plc Ordinary Share (NYSE:JCI) has "Outperform" rating given on Wednesday, September 30 by William Blair.

The consensus recommendation, according to Zacks Investment research, is 1.97.

October 2 investment analysts at Morgan Stanley left the company rating at "Overweight" but raised the price target from $46.00 to $48.00. Johnson Controls International PLC now has an average rating of "Hold" and a consensus target price of $49.00. If you are viewing this piece on another domain, it was illegally stolen and republished in violation of United States & global trademark and copyright legislation. The correct version of this story can be read at https://weekherald.com/2017/10/08/moors-cabot-inc-boosts-holdings-in-johnson-controls-international-plc-jci.html.

Johnson Controls Inc (NYSE:JCI) institutional sentiment decreased to 0.5 in Q2 2017.



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