Stonegate Investment Group LLC purchased a new stake in shares of Johnson Controls International plc (NYSE:JCI – Get Rating) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 9,890 shares of the company’s stock, valued at approximately $804,000.
Other institutional investors have also recently made changes to their positions in the company. Woodley Farra Manion Portfolio Management Inc. acquired a new stake in Johnson Controls International in the 4th quarter worth approximately $201,000. Meristem Family Wealth LLC acquired a new stake in Johnson Controls International in the 4th quarter worth approximately $228,000. Panagora Asset Management Inc. lifted its holdings in Johnson Controls International by 9.3% in the 4th quarter. Panagora Asset Management Inc. now owns 223,926 shares of the company’s stock worth $18,207,000 after purchasing an additional 19,112 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Johnson Controls International by 2.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 35,951,292 shares of the company’s stock worth $2,923,200,000 after purchasing an additional 746,773 shares during the last quarter. Finally, Manchester Capital Management LLC lifted its holdings in Johnson Controls International by 8.8% in the 4th quarter. Manchester Capital Management LLC now owns 4,544 shares of the company’s stock worth $369,000 after purchasing an additional 368 shares during the last quarter. Institutional investors and hedge funds own 88.54% of the company’s stock.
Several research analysts have commented on JCI shares. Cowen dropped their price target on Johnson Controls International from $86.00 to $70.00 in a research report on Thursday, May 5th. Deutsche Bank Aktiengesellschaft lowered their price objective on Johnson Controls International from $79.00 to $70.00 in a research report on Thursday, May 5th. Bank of America began coverage on Johnson Controls International in a research report on Monday, May 2nd. They set a “buy” rating and a $85.00 price objective on the stock. Mizuho lowered their price objective on Johnson Controls International from $88.00 to $68.00 in a research report on Thursday, May 5th. Finally, Morgan Stanley lowered their price target on Johnson Controls International from $84.00 to $82.00 and set an “overweight” rating on the stock in a research report on Thursday, April 7th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $74.73.
Shares of NYSE JCI traded up $0.76 during midday trading on Tuesday, reaching $52.57. The company’s stock had a trading volume of 142,905 shares, compared to its average volume of 5,945,453. The company has a current ratio of 1.00, a quick ratio of 0.78 and a debt-to-equity ratio of 0.42. Johnson Controls International plc has a fifty-two week low of $49.42 and a fifty-two week high of $81.77. The stock has a market capitalization of $36.57 billion, a price-to-earnings ratio of 29.78, a PEG ratio of 1.14 and a beta of 1.14. The stock has a 50 day simple moving average of $61.76 and a 200-day simple moving average of $69.75.
Johnson Controls International (NYSE:JCI – Get Rating) last posted its quarterly earnings data on Wednesday, May 4th. The company reported $0.63 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.63. Johnson Controls International had a net margin of 5.00% and a return on equity of 11.10%. The company had revenue of $6.10 billion for the quarter, compared to the consensus estimate of $6.16 billion. During the same period last year, the company earned $0.52 earnings per share. The firm’s revenue was up 9.0% compared to the same quarter last year. As a group, equities analysts anticipate that Johnson Controls International plc will post 3 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 14th. Stockholders of record on Monday, March 21st were issued a $0.35 dividend. The ex-dividend date was Friday, March 18th. This is an increase from Johnson Controls International’s previous quarterly dividend of $0.34. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.66%. Johnson Controls International’s dividend payout ratio (DPR) is 80.46%.
Johnson Controls International Company Profile (Get Rating)
Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.
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