Triangle Securities Wealth Management bought a new position in shares of Johnson Controls International PLC (NYSE:JCI) in the 2nd quarter, Holdings Channel reports. The firm bought 35,537 shares of the auto parts company’s stock, valued at approximately $1,189,000.
Other hedge funds have also bought and sold shares of the company. Bray Capital Advisors purchased a new stake in Johnson Controls International during the first quarter worth approximately $118,000. First PREMIER Bank purchased a new stake in Johnson Controls International in the second quarter valued at approximately $118,000. Resources Investment Advisors Inc. lifted its stake in Johnson Controls International by 132.4% in the first quarter. Resources Investment Advisors Inc. now owns 3,681 shares of the auto parts company’s stock valued at $129,000 after buying an additional 2,097 shares during the last quarter. Well Done LLC purchased a new stake in Johnson Controls International in the first quarter valued at approximately $156,000. Finally, Boston Private Wealth LLC purchased a new stake in Johnson Controls International in the first quarter valued at approximately $202,000. Hedge funds and other institutional investors own 91.26% of the company’s stock.
Johnson Controls International traded up $0.58, hitting $34.74, during trading hours on Thursday, MarketBeat Ratings reports. The stock had a trading volume of 3,438,937 shares, compared to its average volume of 5,255,885. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.79 and a current ratio of 1.12. The firm has a market capitalization of $32.30 billion, a price-to-earnings ratio of 13.06, a price-to-earnings-growth ratio of 1.13 and a beta of 0.85. Johnson Controls International PLC has a 1-year low of $32.89 and a 1-year high of $44.37.
Johnson Controls International (NYSE:JCI) last posted its earnings results on Tuesday, May 1st. The auto parts company reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.01. The company had revenue of $7.48 billion for the quarter, compared to analyst estimates of $7.43 billion. Johnson Controls International had a return on equity of 11.60% and a net margin of 6.83%. Johnson Controls International’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.50 earnings per share. sell-side analysts forecast that Johnson Controls International PLC will post 2.81 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 13th. Shareholders of record on Monday, June 25th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.99%. The ex-dividend date is Friday, June 22nd. Johnson Controls International’s dividend payout ratio (DPR) is 40.00%.
In other Johnson Controls International news, insider Rodney M. Rushing sold 8,148 shares of the company’s stock in a transaction on Monday, May 14th. The stock was sold at an average price of $36.55, for a total value of $297,809.40. Following the sale, the insider now owns 31,999 shares of the company’s stock, valued at $1,169,563.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.43% of the stock is currently owned by corporate insiders.
JCI has been the subject of a number of research reports. ValuEngine cut Johnson Controls International from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 2nd. Royal Bank of Canada cut Johnson Controls International from a “sector perform” rating to an “underperform” rating in a research note on Thursday, April 5th. Zacks Investment Research upgraded Johnson Controls International from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research note on Wednesday, April 4th. Robert W. Baird reiterated a “hold” rating and issued a $38.00 price objective on shares of Johnson Controls International in a research note on Thursday, April 19th. Finally, Cowen reiterated a “hold” rating and issued a $36.00 price objective on shares of Johnson Controls International in a research note on Monday, April 16th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. Johnson Controls International presently has a consensus rating of “Hold” and an average target price of $44.25.
Johnson Controls International Company 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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