Cornerstone Capital Management Holdings LLC. lifted its position in shares of Johnson Controls International PLC (NYSE:JCI) by 3.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 351,379 shares of the auto parts company’s stock after purchasing an additional 12,377 shares during the quarter. Cornerstone Capital Management Holdings LLC.’s holdings in Johnson Controls International were worth $13,390,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of the company. Synovus Financial Corp raised its position in shares of Johnson Controls International by 21.8% during the third quarter. Synovus Financial Corp now owns 7,592 shares of the auto parts company’s stock worth $307,000 after purchasing an additional 1,359 shares during the period. Lafayette Investments Inc. raised its position in Johnson Controls International by 3.0% in the 4th quarter. Lafayette Investments Inc. now owns 48,175 shares of the auto parts company’s stock valued at $1,836,000 after buying an additional 1,390 shares during the last quarter. NWQ Investment Management Company LLC raised its position in Johnson Controls International by 0.3% in the 3rd quarter. NWQ Investment Management Company LLC now owns 436,495 shares of the auto parts company’s stock valued at $17,586,000 after buying an additional 1,400 shares during the last quarter. Saturna Capital CORP raised its position in Johnson Controls International by 0.3% in the 3rd quarter. Saturna Capital CORP now owns 524,392 shares of the auto parts company’s stock valued at $21,139,000 after buying an additional 1,400 shares during the last quarter. Finally, Oarsman Capital Inc. raised its position in Johnson Controls International by 1.8% in the 4th quarter. Oarsman Capital Inc. now owns 80,318 shares of the auto parts company’s stock valued at $3,061,000 after buying an additional 1,422 shares during the last quarter. 91.14% of the stock is currently owned by institutional investors.
JCI has been the subject of a number of analyst reports. Zacks Investment Research raised Johnson Controls International from a “sell” rating to a “hold” rating in a research report on Monday, January 15th. Royal Bank of Canada lowered Johnson Controls International from a “sector perform” rating to an “underperform” rating in a research report on Thursday. TheStreet lowered Johnson Controls International from a “b” rating to a “c+” rating in a research report on Monday, December 18th. Barclays started coverage on Johnson Controls International in a research note on Thursday, February 15th. They issued an “equal weight” rating and a $41.00 price objective for the company. Finally, Oppenheimer restated a “buy” rating and issued a $45.00 price objective on shares of Johnson Controls International in a research note on Thursday, February 1st. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. Johnson Controls International has a consensus rating of “Hold” and an average target price of $45.25.
Shares of JCI stock traded down $0.96 on Friday, hitting $33.64. 4,806,239 shares of the stock were exchanged, compared to its average volume of 5,013,758. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.80 and a current ratio of 1.11. The company has a market capitalization of $31,154.78, a price-to-earnings ratio of 12.94, a PEG ratio of 1.11 and a beta of 0.86. Johnson Controls International PLC has a one year low of $33.43 and a one year high of $44.37.
Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Wednesday, January 31st. The auto parts company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.03. The company had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.19 billion. Johnson Controls International had a return on equity of 11.73% and a net margin of 5.92%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.53 EPS. equities analysts predict that Johnson Controls International PLC will post 2.79 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Monday, March 19th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, March 16th. This represents a $1.04 annualized dividend and a dividend yield of 3.09%. Johnson Controls International’s payout ratio is 40.00%.
In other news, insider Rodney M. Rushing sold 14,199 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $37.88, for a total transaction of $537,858.12. Following the completion of the transaction, the insider now owns 39,847 shares in the company, valued at approximately $1,509,404.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.43% of the stock is currently owned by corporate insiders.
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About Johnson Controls International
Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Building Technologies & Solutions and Power Solutions segments. It designs, sells, controls, installs heating, ventilating, and air conditioning systems. The company also provides residential air conditioning and heating systems, and industrial refrigeration products, as well as technical and energy management consulting services.
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