Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $15.34 Million Holdings in Johnson Controls International PLC (JCI)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lessened its position in Johnson Controls International PLC (NYSE:JCI) by 27.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 458,602 shares of the auto parts company’s stock after selling 175,080 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Johnson Controls International were worth $15,340,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bray Capital Advisors bought a new stake in shares of Johnson Controls International in the 1st quarter worth $118,000. First PREMIER Bank bought a new stake in shares of Johnson Controls International in the 2nd quarter worth $118,000. Resources Investment Advisors Inc. raised its stake in shares of Johnson Controls International by 132.4% in the 1st quarter. Resources Investment Advisors Inc. now owns 3,681 shares of the auto parts company’s stock worth $129,000 after buying an additional 2,097 shares in the last quarter. FTB Advisors Inc. bought a new stake in shares of Johnson Controls International in the 2nd quarter worth $138,000. Finally, Well Done LLC bought a new stake in shares of Johnson Controls International in the 1st quarter worth $156,000. 92.37% of the stock is currently owned by institutional investors.

A number of analysts have recently commented on JCI shares. Robert W. Baird reissued a “hold” rating and issued a $38.00 price objective on shares of Johnson Controls International in a research note on Thursday, April 19th. Cowen reissued a “hold” rating and issued a $36.00 price objective on shares of Johnson Controls International in a research note on Tuesday, May 1st. ValuEngine downgraded Johnson Controls International from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Zacks Investment Research raised Johnson Controls International from a “sell” rating to a “hold” rating in a research note on Thursday, May 3rd. Finally, Wolfe Research started coverage on Johnson Controls International in a research note on Wednesday, June 27th. They issued a “market perform” rating on the stock. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $42.55.

Shares of Johnson Controls International stock opened at $37.55 on Thursday. The firm has a market cap of $34.13 billion, a PE ratio of 14.44, a P/E/G ratio of 1.19 and a beta of 0.88. The company has a current ratio of 1.10, a quick ratio of 0.79 and a debt-to-equity ratio of 0.48. Johnson Controls International PLC has a 12-month low of $32.89 and a 12-month high of $42.60.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Tuesday, July 31st. The auto parts company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.02. The company had revenue of $8.12 billion for the quarter, compared to analyst estimates of $7.96 billion. Johnson Controls International had a return on equity of 11.84% and a net margin of 7.27%. Johnson Controls International’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.71 earnings per share. equities research analysts predict that Johnson Controls International PLC will post 2.81 EPS for the current fiscal year.

Johnson Controls International Profile

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.

Further Reading: Understanding Analyst Recommendations

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

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