Janus Henderson Group PLC increased its position in Johnson Controls International PLC (NYSE:JCI) by 23.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 628,078 shares of the auto parts company’s stock after purchasing an additional 119,586 shares during the quarter. Janus Henderson Group PLC owned approximately 0.07% of Johnson Controls International PLC worth $27,241,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. FNY Managed Accounts LLC acquired a new stake in Johnson Controls International PLC in the first quarter worth about $100,000. Bessemer Group Inc. increased its position in Johnson Controls International PLC by 5.5% in the second quarter. Bessemer Group Inc. now owns 2,550 shares of the auto parts company’s stock worth $110,000 after purchasing an additional 133 shares during the period. Harfst & Associates Inc. increased its position in Johnson Controls International PLC by 16.9% in the second quarter. Harfst & Associates Inc. now owns 2,691 shares of the auto parts company’s stock worth $116,000 after purchasing an additional 389 shares during the period. Grove Bank & Trust increased its position in Johnson Controls International PLC by 57.7% in the second quarter. Grove Bank & Trust now owns 2,693 shares of the auto parts company’s stock worth $117,000 after purchasing an additional 985 shares during the period. Finally, First PREMIER Bank increased its position in Johnson Controls International PLC by 366.2% in the second quarter. First PREMIER Bank now owns 3,361 shares of the auto parts company’s stock worth $146,000 after purchasing an additional 2,640 shares during the period. Hedge funds and other institutional investors own 86.02% of the company’s stock.
A number of brokerages recently commented on JCI. Citigroup Inc. reiterated a “buy” rating and issued a $50.00 price objective (up from $47.00) on shares of Johnson Controls International PLC in a research report on Monday, October 9th. Cowen and Company restated an “outperform” rating and set a $48.00 target price on shares of Johnson Controls International PLC in a report on Monday, August 21st. Zacks Investment Research upgraded Johnson Controls International PLC from a “sell” rating to a “hold” rating in a report on Tuesday, September 5th. BidaskClub upgraded Johnson Controls International PLC from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Finally, Robert W. Baird restated a “buy” rating and set a $50.00 target price on shares of Johnson Controls International PLC in a report on Monday, August 28th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $48.43.
In other Johnson Controls International PLC news, VP Jeffrey M. Williams sold 1,955 shares of the stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $41.43, for a total value of $80,995.65. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.48% of the stock is currently owned by corporate insiders.
Shares of Johnson Controls International PLC (NYSE JCI) opened at 42.11 on Friday. Johnson Controls International PLC has a 1-year low of $36.74 and a 1-year high of $46.17. The company’s market cap is $39.26 billion. The firm has a 50-day moving average price of $40.53 and a 200 day moving average price of $41.17.
Johnson Controls International PLC (NYSE:JCI) last announced its quarterly earnings results on Thursday, July 27th. The auto parts company reported $0.71 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.71. The business had revenue of $7.67 billion for the quarter, compared to analyst estimates of $7.72 billion. Johnson Controls International PLC had a positive return on equity of 11.74% and a negative net margin of 0.43%. The company’s quarterly revenue was up 48.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.07 earnings per share. On average, equities analysts anticipate that Johnson Controls International PLC will post $2.61 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Monday, September 25th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, September 22nd. This represents a $1.00 annualized dividend and a yield of 2.37%. Johnson Controls International PLC’s payout ratio is currently -196.08%.
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Johnson Controls International PLC 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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