Johnson Controls International PLC (NYSE:JCI) was the recipient of a large growth in short interest in the month of August. As of August 15th, there was short interest totalling 24,114,700 shares, a growth of 33.0% from the July 31st total of 18,124,914 shares. Based on an average trading volume of 4,857,034 shares, the short-interest ratio is presently 5.0 days. Approximately 2.6% of the shares of the company are short sold.

A number of research firms have recently weighed in on JCI. Wolfe Research began coverage on shares of Johnson Controls International PLC in a research report on Tuesday, July 11th. They set a “market perform” rating for the company. Morgan Stanley reaffirmed an “overweight” rating and issued a $51.00 price objective (up from $50.00) on shares of Johnson Controls International PLC in a report on Monday, July 10th. Zacks Investment Research downgraded shares of Johnson Controls International PLC from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. BidaskClub raised shares of Johnson Controls International PLC from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Finally, ValuEngine downgraded shares of Johnson Controls International PLC from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $50.04.

Shares of Johnson Controls International PLC (JCI) opened at 38.84 on Tuesday. Johnson Controls International PLC has a 52-week low of $36.74 and a 52-week high of $48.97. The stock’s 50 day moving average is $40.70 and its 200 day moving average is $41.55. The stock’s market cap is $36.21 billion.

Johnson Controls International PLC (NYSE:JCI) last released its quarterly earnings results on Thursday, July 27th. The auto parts company reported $0.71 earnings per share (EPS) for the quarter, meeting 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 firm 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 EPS. The firm’s revenue for the quarter was up 48.8% compared to the same quarter last year. Equities research analysts forecast that Johnson Controls International PLC will post $2.61 earnings per share for the current year.

A number of large investors have recently made changes to their positions in the company. Tyers Asset Management LLC boosted its stake in shares of Johnson Controls International PLC by 1,073.2% in the first quarter. Tyers Asset Management LLC now owns 274,800 shares of the auto parts company’s stock valued at $11,575,000 after buying an additional 251,376 shares during the period. Norris Perne & French LLP MI acquired a new stake in shares of Johnson Controls International PLC during the first quarter valued at about $3,592,000. Webster Bank N. A. boosted its stake in shares of Johnson Controls International PLC by 7.1% in the first quarter. Webster Bank N. A. now owns 66,628 shares of the auto parts company’s stock valued at $2,807,000 after buying an additional 4,391 shares during the period. Wedge Capital Management L L P NC boosted its stake in shares of Johnson Controls International PLC by 6.3% in the first quarter. Wedge Capital Management L L P NC now owns 347,540 shares of the auto parts company’s stock valued at $14,638,000 after buying an additional 20,604 shares during the period. Finally, Thompson Investment Management Inc. boosted its stake in shares of Johnson Controls International PLC by 12.8% in the first quarter. Thompson Investment Management Inc. now owns 101,973 shares of the auto parts company’s stock valued at $4,295,000 after buying an additional 11,539 shares during the period. 86.17% of the stock is currently owned by institutional investors.

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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.

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