Stephens Inc. AR lifted its stake in shares of Johnson Controls International PLC (NYSE:JCI) by 7.4% during the second quarter, Holdings Channel reports. The firm owned 143,000 shares of the company’s stock after purchasing an additional 9,825 shares during the quarter. Stephens Inc. AR’s holdings in Johnson Controls International were worth $5,907,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in JCI. Comerica Securities Inc. boosted its stake in Johnson Controls International by 159.9% during the 4th quarter. Comerica Securities Inc. now owns 14,821 shares of the company’s stock worth $443,000 after purchasing an additional 9,119 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Johnson Controls International by 12.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,279,025 shares of the company’s stock worth $186,188,000 after acquiring an additional 678,935 shares during the period. Geode Capital Management LLC raised its holdings in shares of Johnson Controls International by 8.0% during the 4th quarter. Geode Capital Management LLC now owns 11,409,138 shares of the company’s stock worth $337,655,000 after acquiring an additional 843,858 shares during the period. Two Sigma Advisers LP purchased a new position in shares of Johnson Controls International during the 4th quarter worth $393,000. Finally, Truvestments Capital LLC purchased a new position in shares of Johnson Controls International during the 1st quarter worth $35,000. 90.60% of the stock is currently owned by institutional investors.
In other Johnson Controls International news, CEO George Oliver sold 11,238 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $41.67, for a total transaction of $468,287.46. Following the sale, the chief executive officer now directly owns 875,511 shares in the company, valued at $36,482,543.37. The sale 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 dated Thursday, August 1st. The stock was sold at an average price of $42.05, for a total transaction of $96,715.00. Following 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 have sold 117,830 shares of company stock worth $4,879,558 over the last quarter. Insiders own 0.50% of the company’s stock.
Several research analysts have recently commented on the company. Credit Suisse Group assumed coverage on Johnson Controls International in a report on Monday, May 13th. They set a “neutral” rating and a $42.00 price target on the stock. JPMorgan Chase & Co. upgraded Johnson Controls International from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $31.00 to $35.00 in a report on Monday, July 8th. Citigroup assumed coverage on Johnson Controls International in a report on Wednesday, June 5th. They set a “buy” rating and a $45.00 price target on the stock. Barclays assumed coverage on Johnson Controls International in a report on Wednesday, June 12th. They set an “equal weight” rating and a $39.00 price target on the stock. Finally, ValuEngine lowered Johnson Controls International from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Johnson Controls International currently has an average rating of “Hold” and an average price target of $39.30.
JCI traded up $0.11 on Thursday, hitting $41.62. The company had a trading volume of 2,038,964 shares, compared to its average volume of 4,037,306. The stock has a market cap of $33.30 billion, a price-to-earnings ratio of 14.71, a P/E/G ratio of 2.23 and a beta of 0.94. Johnson Controls International PLC has a 1 year low of $28.30 and a 1 year high of $42.89. The stock’s fifty day simple moving average is $41.59. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.19 and a current ratio of 1.41.
Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.02. The company had revenue of $6.45 billion for 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 firm earned $0.81 earnings per share. On average, equities research analysts predict that Johnson Controls International PLC will post 1.94 EPS for the current year.
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.
Featured Article: P/E Growth (PEG)
Want to see what other hedge funds are holding JCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Johnson Controls International PLC (NYSE:JCI).
Receive News & Ratings for Johnson Controls International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Johnson Controls International and related companies with MarketBeat.com's FREE daily email newsletter.