Caisse DE Depot ET Placement DU Quebec lessened its holdings in Johnson Controls International PLC (NYSE:JCI) by 66.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 38,406 shares of the company’s stock after selling 77,400 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Johnson Controls International were worth $1,564,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Penserra Capital Management LLC purchased a new stake in shares of Johnson Controls International in the 3rd quarter worth approximately $28,000. Americana Partners LLC bought a new position in shares of Johnson Controls International during the 4th quarter worth approximately $32,000. Duncker Streett & Co. Inc. bought a new position in shares of Johnson Controls International during the 4th quarter worth approximately $35,000. S.A. Mason LLC bought a new position in shares of Johnson Controls International during the 4th quarter worth approximately $35,000. Finally, Great Diamond Partners LLC bought a new position in shares of Johnson Controls International during the 4th quarter worth approximately $35,000. 91.14% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently commented on JCI shares. UBS Group started coverage on shares of Johnson Controls International in a research note on Thursday, December 12th. They set a “sell” rating and a $40.00 price objective for the company. Deutsche Bank started coverage on shares of Johnson Controls International in a research note on Monday, March 9th. They set a “buy” rating and a $48.00 price objective for the company. ValuEngine upgraded shares of Johnson Controls International from a “sell” rating to a “hold” rating in a research note on Monday, March 9th. Zacks Investment Research upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Monday, January 13th. Finally, Royal Bank of Canada reiterated a “sell” rating and set a $38.00 price objective on shares of Johnson Controls International in a research note on Wednesday, December 18th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $41.56.
Shares of Johnson Controls International stock opened at $26.13 on Thursday. The company has a current ratio of 1.17, a quick ratio of 0.97 and a debt-to-equity ratio of 0.29. Johnson Controls International PLC has a 12-month low of $22.77 and a 12-month high of $44.82. The firm has a market capitalization of $19.38 billion, a price-to-earnings ratio of 4.12, a PEG ratio of 1.12 and a beta of 0.90. The firm’s 50 day simple moving average is $36.67 and its two-hundred day simple moving average is $40.77.
Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Friday, January 31st. The company reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.02. Johnson Controls International had a net margin of 22.75% and a return on equity of 8.43%. The business had revenue of $5.58 billion for the quarter, compared to analyst estimates of $5.59 billion. During the same quarter in the prior year, the business posted $0.26 EPS. Johnson Controls International’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, sell-side analysts predict that Johnson Controls International PLC will post 2.38 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Monday, March 16th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 3.98%. The ex-dividend date of this dividend is Friday, March 13th. Johnson Controls International’s dividend payout ratio (DPR) is currently 53.06%.
In other news, CEO George Oliver sold 22,086 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $39.71, for a total value of $877,035.06. Following the sale, the chief executive officer now directly owns 1,011,107 shares of the company’s stock, valued at approximately $40,151,058.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.61% of the stock is owned by corporate insiders.
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. 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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