Curat Global LLC acquired a new stake in Johnson Controls International plc (NYSE:JCI - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 14,945 shares of the company's stock, valued at approximately $1,197,000. Johnson Controls International comprises 1.4% of Curat Global LLC's portfolio, making the stock its 12th biggest position.
A number of other hedge funds have also made changes to their positions in JCI. Brighton Jones LLC purchased a new position in shares of Johnson Controls International in the 4th quarter valued at about $222,000. Chicago Partners Investment Group LLC acquired a new stake in shares of Johnson Controls International in the 4th quarter valued at about $233,000. U.S. Capital Wealth Advisors LLC boosted its position in shares of Johnson Controls International by 7.7% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 5,696 shares of the company's stock valued at $450,000 after purchasing an additional 409 shares during the period. Mather Group LLC. boosted its position in shares of Johnson Controls International by 17.4% in the 4th quarter. Mather Group LLC. now owns 2,631 shares of the company's stock valued at $208,000 after purchasing an additional 390 shares during the period. Finally, Stratos Wealth Partners LTD. boosted its position in shares of Johnson Controls International by 6.5% in the 4th quarter. Stratos Wealth Partners LTD. now owns 7,139 shares of the company's stock valued at $564,000 after purchasing an additional 433 shares during the period. Hedge funds and other institutional investors own 90.05% of the company's stock.
Johnson Controls International Price Performance
Shares of JCI traded down $0.27 during mid-day trading on Monday, hitting $103.52. The company's stock had a trading volume of 3,063,371 shares, compared to its average volume of 4,278,260. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. The firm has a 50-day simple moving average of $87.90 and a 200 day simple moving average of $84.20. The firm has a market capitalization of $68.12 billion, a P/E ratio of 39.51, a P/E/G ratio of 1.96 and a beta of 1.33. Johnson Controls International plc has a 1-year low of $64.31 and a 1-year high of $104.39.
Johnson Controls International (NYSE:JCI - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.77 by $0.05. The business had revenue of $5.68 billion during the quarter, compared to analysts' expectations of $5.64 billion. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. The company's quarterly revenue was up 1.4% compared to the same quarter last year. During the same period last year, the firm earned $0.78 EPS. Analysts predict that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.
Johnson Controls International Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 24th were issued a dividend of $0.37 per share. The ex-dividend date was Monday, March 24th. This represents a $1.48 annualized dividend and a yield of 1.43%. Johnson Controls International's dividend payout ratio is presently 39.47%.
Analysts Set New Price Targets
A number of analysts recently issued reports on JCI shares. Vertical Research raised Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 target price for the company in a research report on Thursday, May 8th. JPMorgan Chase & Co. upped their target price on Johnson Controls International from $81.00 to $98.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Citigroup decreased their target price on Johnson Controls International from $95.00 to $85.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Deutsche Bank Aktiengesellschaft raised Johnson Controls International from a "hold" rating to a "buy" rating and upped their target price for the company from $101.00 to $112.00 in a research report on Monday, May 12th. Finally, Morgan Stanley upped their target price on Johnson Controls International from $105.00 to $115.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $97.88.
Read Our Latest Stock Analysis on JCI
Insider Buying and Selling
In other Johnson Controls International news, Director George Oliver sold 184,331 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $79.49, for a total transaction of $14,652,471.19. Following the completion of the transaction, the director now owns 1,019,562 shares of the company's stock, valued at approximately $81,044,983.38. This trade represents a 15.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Marc Vandiepenbeeck sold 28,289 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $90.92, for a total value of $2,572,035.88. Following the transaction, the chief financial officer now directly owns 147,673 shares of the company's stock, valued at $13,426,429.16. The trade was a 16.08% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 347,555 shares of company stock valued at $29,536,076. 0.54% of the stock is owned by insiders.
Johnson Controls International Company Profile
(
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.
Further Reading
Before you consider Johnson Controls International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Johnson Controls International wasn't on the list.
While Johnson Controls International currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
