IFG Advisory LLC reduced its position in shares of Johnson Controls International PLC (NYSE:JCI) by 10.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,147 shares of the auto parts company’s stock after selling 2,100 shares during the period. IFG Advisory LLC’s holdings in Johnson Controls International were worth $600,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in JCI. Newport Trust Co bought a new stake in shares of Johnson Controls International during the second quarter worth about $316,198,000. Parnassus Investments CA bought a new stake in shares of Johnson Controls International during the second quarter worth about $66,900,000. Chevy Chase Trust Holdings Inc. bought a new stake in shares of Johnson Controls International during the second quarter worth about $26,076,000. State Treasurer State of Michigan grew its holdings in shares of Johnson Controls International by 203.0% during the second quarter. State Treasurer State of Michigan now owns 826,287 shares of the auto parts company’s stock worth $27,639,000 after purchasing an additional 553,600 shares during the last quarter. Finally, Cornerstone Wealth Management LLC grew its holdings in shares of Johnson Controls International by 169.9% during the third quarter. Cornerstone Wealth Management LLC now owns 224,955 shares of the auto parts company’s stock worth $5,541,000 after purchasing an additional 546,718 shares during the last quarter. Institutional investors own 92.83% of the company’s stock.
Johnson Controls International stock opened at $34.35 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.79 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $30.89 billion, a P/E ratio of 12.15, a P/E/G ratio of 1.01 and a beta of 0.87. Johnson Controls International PLC has a one year low of $30.60 and a one year high of $41.53.
Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Thursday, November 8th. The auto parts company reported $0.93 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.93. The company had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.28 billion. Johnson Controls International had a return on equity of 11.84% and a net margin of 7.27%. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.87 earnings per share. Equities analysts predict that Johnson Controls International PLC will post 2.97 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Monday, September 24th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date was Friday, September 21st.
JCI has been the topic of several research reports. Barclays boosted their price target on Johnson Controls International from $38.00 to $39.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 1st. Credit Suisse Group initiated coverage on Johnson Controls International in a report on Friday, October 12th. They set a “neutral” rating and a $37.00 price target on the stock. TheStreet upgraded Johnson Controls International from a “c+” rating to a “b-” rating in a report on Friday, August 24th. Morgan Stanley set a $35.00 price target on Johnson Controls International and gave the stock a “hold” rating in a report on Friday, November 2nd. Finally, Argus upgraded Johnson Controls International from a “hold” rating to a “buy” rating in a report on Tuesday, August 21st. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $40.29.
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Johnson Controls International Profile
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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