Quadrant Capital Group LLC raised its stake in Johnson Controls International PLC (NYSE:JCI) by 25.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 6,853 shares of the company’s stock after purchasing an additional 1,373 shares during the period. Quadrant Capital Group LLC’s holdings in Johnson Controls International were worth $269,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas boosted its holdings in shares of Johnson Controls International by 68.4% in the 1st quarter. Teacher Retirement System of Texas now owns 1,011,447 shares of the company’s stock valued at $37,363,000 after buying an additional 410,863 shares during the period. Trillium Asset Management LLC boosted its stake in Johnson Controls International by 6.6% during the 1st quarter. Trillium Asset Management LLC now owns 159,591 shares of the company’s stock valued at $5,895,000 after purchasing an additional 9,863 shares during the period. MML Investors Services LLC boosted its stake in Johnson Controls International by 11.6% during the 1st quarter. MML Investors Services LLC now owns 22,717 shares of the company’s stock valued at $839,000 after purchasing an additional 2,357 shares during the period. Clearbridge Investments LLC boosted its stake in Johnson Controls International by 3.1% during the 1st quarter. Clearbridge Investments LLC now owns 20,573,292 shares of the company’s stock valued at $759,977,000 after purchasing an additional 624,079 shares during the period. Finally, Sciencast Management LP boosted its stake in Johnson Controls International by 24.1% during the 1st quarter. Sciencast Management LP now owns 44,164 shares of the company’s stock valued at $1,589,000 after purchasing an additional 8,564 shares during the period. 90.76% of the stock is owned by institutional investors.
Shares of NYSE:JCI traded down $0.34 during trading on Monday, reaching $41.59. The company had a trading volume of 165,054 shares, compared to its average volume of 4,176,377. The business’s fifty day moving average is $41.07. The firm has a market cap of $37.47 billion, a price-to-earnings ratio of 14.72, a PEG ratio of 2.24 and a beta of 0.94. Johnson Controls International PLC has a twelve month low of $28.30 and a twelve month high of $42.85. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.41 and a quick ratio of 0.80.
Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. The company had revenue of $6.45 billion during the quarter, compared to analyst estimates of $6.33 billion. Johnson Controls International had a net margin of 22.38% and a return on equity of 9.02%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.81 EPS. On average, research analysts forecast that Johnson Controls International PLC will post 1.94 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Monday, June 24th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend was Friday, June 21st. Johnson Controls International’s dividend payout ratio is currently 36.75%.
In related news, CEO George Oliver sold 11,196 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $42.26, for a total value of $473,142.96. Following the sale, the chief executive officer now directly owns 881,753 shares in the company, valued at approximately $37,262,881.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert M. Vanhimbergen sold 2,300 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $42.05, for a total transaction of $96,715.00. Following the completion of the sale, the vice president now owns 20,024 shares in the company, valued at $842,009.20. The disclosure for this sale can be found here. Insiders sold a total of 247,895 shares of company stock worth $9,964,737 over the last quarter. Insiders own 0.50% of the company’s stock.
A number of research analysts have issued reports on the stock. Citigroup assumed coverage on shares of Johnson Controls International in a research note on Wednesday, June 5th. They set a “buy” rating and a $45.00 target price for the company. TheStreet raised shares of Johnson Controls International from a “c+” rating to a “b-” rating in a research note on Thursday, May 9th. Zacks Investment Research raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research note on Monday, July 1st. JPMorgan Chase & Co. raised shares of Johnson Controls International from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $31.00 to $35.00 in a research note on Monday, July 8th. Finally, Credit Suisse Group initiated coverage on shares of Johnson Controls International in a research note on Monday, May 13th. They issued a “neutral” rating and a $42.00 price target for the company. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $39.30.
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. The company designs, sells, installs, and services heating, ventilating, and air conditioning systems, controls systems, integrated electronic security systems, and integrated fire detection and suppression systems for commercial, industrial, retail, small business, institutional, and governmental customers; and energy efficiency solutions and technical services, including inspection, scheduled maintenance, and repair and replacement of mechanical and control systems, to non-residential building and industrial applications.
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