CX Institutional trimmed its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 21.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,672 shares of the company's stock after selling 4,965 shares during the quarter. CX Institutional's holdings in Johnson Controls International were worth $1,496,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in shares of Johnson Controls International in the 4th quarter worth approximately $29,000. Crowley Wealth Management Inc. bought a new position in Johnson Controls International in the fourth quarter worth about $42,000. Gables Capital Management Inc. increased its holdings in shares of Johnson Controls International by 132.0% during the fourth quarter. Gables Capital Management Inc. now owns 580 shares of the company's stock valued at $46,000 after acquiring an additional 330 shares in the last quarter. Heck Capital Advisors LLC acquired a new position in shares of Johnson Controls International during the fourth quarter valued at about $48,000. Finally, Flagship Wealth Advisors LLC acquired a new position in Johnson Controls International in the 4th quarter worth approximately $48,000. 90.05% of the stock is owned by hedge funds and other institutional investors.
Johnson Controls International Stock Performance
NYSE:JCI traded up $0.30 during mid-day trading on Thursday, hitting $103.49. The stock had a trading volume of 5,976,341 shares, compared to its average volume of 4,294,668. Johnson Controls International plc has a twelve month low of $64.31 and a twelve month high of $104.15. The stock has a market cap of $68.10 billion, a price-to-earnings ratio of 39.50, a PEG ratio of 1.96 and a beta of 1.33. The company's 50 day simple moving average is $89.45 and its 200 day simple moving average is $84.60. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02.
Johnson Controls International (NYSE:JCI - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share for the quarter, beating analysts' consensus estimates of $0.77 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. The company had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.64 billion. During the same period in the previous year, the business earned $0.78 earnings per share. The firm's quarterly revenue was up 1.4% on a year-over-year basis. On average, equities research analysts forecast that Johnson Controls International plc will post 3.64 earnings per share for the current year.
Johnson Controls International Dividend Announcement
The company 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 of this dividend is Monday, June 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.43%. Johnson Controls International's dividend payout ratio (DPR) is currently 39.47%.
Insider Activity
In other Johnson Controls International news, 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 completion of the sale, the chief financial officer now directly owns 147,673 shares of the company's stock, valued at $13,426,429.16. This trade represents a 16.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Nathan D. Manning sold 1,422 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $79.72, for a total value of $113,361.84. Following the sale, the vice president now owns 145,502 shares in the company, valued at $11,599,419.44. The trade was a 0.97% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 163,224 shares of company stock worth $14,883,604. Company insiders own 0.54% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the company. UBS Group restated a "buy" rating and issued a $116.00 price objective (up previously from $103.00) on shares of Johnson Controls International in a report on Thursday, May 22nd. Wells Fargo & Company boosted their target price on Johnson Controls International from $100.00 to $130.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. JPMorgan Chase & Co. boosted their target price on Johnson Controls International from $81.00 to $98.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Morgan Stanley upped their price objective on Johnson Controls International from $105.00 to $115.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Finally, Royal Bank of Canada upped their price objective on Johnson Controls International from $82.00 to $98.00 and gave the company a "sector perform" rating in a research report on Thursday, May 8th. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $97.88.
View Our Latest Stock Analysis on Johnson Controls International
Johnson Controls International 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.
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