Compagnie Lombard Odier SCmA acquired a new stake in Johnson Controls International plc (NYSE:JCI - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,500 shares of the company's stock, valued at approximately $360,000.
Several other hedge funds have also recently bought and sold shares of JCI. SBI Securities Co. Ltd. acquired a new stake in Johnson Controls International in the fourth quarter valued at $29,000. Crowley Wealth Management Inc. purchased a new stake in shares of Johnson Controls International in the 4th quarter worth about $42,000. Gables Capital Management Inc. grew its stake in Johnson Controls International by 132.0% in the 4th quarter. Gables Capital Management Inc. now owns 580 shares of the company's stock valued at $46,000 after acquiring an additional 330 shares during the last quarter. Flagship Wealth Advisors LLC purchased a new position in Johnson Controls International during the 4th quarter valued at about $48,000. Finally, Heck Capital Advisors LLC purchased a new position in Johnson Controls International during the 4th quarter valued at about $48,000. 90.05% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft upgraded Johnson Controls International from a "hold" rating to a "buy" rating and upped their price objective for the company from $101.00 to $112.00 in a research report on Monday, May 12th. Robert W. Baird upped their target price on shares of Johnson Controls International from $84.00 to $90.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Oppenheimer raised their price target on shares of Johnson Controls International from $90.00 to $96.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Vertical Research raised shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 price objective for the company in a research report on Thursday, May 8th. Finally, Citigroup reduced their price objective on shares of Johnson Controls International from $95.00 to $85.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $97.88.
Get Our Latest Analysis on JCI
Johnson Controls International Trading Down 1.7%
Shares of JCI traded down $1.80 during trading hours on Friday, hitting $101.80. The stock had a trading volume of 5,424,562 shares, compared to its average volume of 4,308,497. Johnson Controls International plc has a 12-month low of $64.31 and a 12-month high of $104.15. The firm has a market cap of $66.99 billion, a P/E ratio of 38.86, a P/E/G ratio of 1.96 and a beta of 1.33. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02. The company's fifty day simple moving average is $90.08 and its 200 day simple moving average is $84.74.
Johnson Controls International (NYSE:JCI - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.77 by $0.05. The company had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.64 billion. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. The firm's revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.78 earnings per share. Equities research analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.
Johnson Controls International Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 23rd will be given a dividend of $0.37 per share. The ex-dividend date is Monday, June 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.45%. Johnson Controls International's dividend payout ratio (DPR) is 39.47%.
Insiders Place Their Bets
In other Johnson Controls International news, VP Nathan D. Manning sold 1,422 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $79.72, for a total value of $113,361.84. Following the transaction, the vice president now directly owns 145,502 shares of the company's stock, valued at $11,599,419.44. This trade represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director George Oliver sold 100,000 shares of the business's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $91.70, for a total value of $9,170,000.00. Following the transaction, the director now owns 904,305 shares in the company, valued at approximately $82,924,768.50. This represents a 9.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 147,555 shares of company stock worth $13,669,414 over the last ninety days. 0.54% of the stock is owned by company insiders.
Johnson Controls International Profile
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Free Report)
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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