Korea Investment CORP boosted its position in shares of Johnson Controls International PLC (NYSE:JCI) by 2.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 319,851 shares of the auto parts company’s stock after buying an additional 8,959 shares during the quarter. Korea Investment CORP’s holdings in Johnson Controls International were worth $11,272,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of JCI. Bray Capital Advisors acquired a new position in Johnson Controls International during the 1st quarter worth $118,000. Calton & Associates Inc. acquired a new position in Johnson Controls International during the 4th quarter worth $155,000. Field & Main Bank acquired a new position in Johnson Controls International during the 4th quarter worth $172,000. Comerica Securities Inc. acquired a new position in Johnson Controls International during the 1st quarter worth $214,000. Finally, Boston Family Office LLC acquired a new position in Johnson Controls International during the 1st quarter worth $223,000. 91.31% of the stock is currently owned by hedge funds and other institutional investors.
JCI has been the topic of several research reports. Zacks Investment Research raised Johnson Controls International from a “sell” rating to a “hold” rating in a report on Thursday, May 3rd. Oppenheimer reissued a “buy” rating and issued a $45.00 price target on shares of Johnson Controls International in a research note on Thursday, February 1st. Royal Bank of Canada downgraded Johnson Controls International from a “sector perform” rating to an “underperform” rating in a research note on Thursday, April 5th. Cowen reaffirmed a “hold” rating and set a $36.00 price objective on shares of Johnson Controls International in a research note on Monday, April 16th. Finally, Barclays started coverage on Johnson Controls International in a research note on Thursday, February 15th. They set an “equal weight” rating and a $41.00 price objective on the stock. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $44.42.
Shares of NYSE JCI opened at $35.19 on Wednesday. The stock has a market capitalization of $33.09 billion, a PE ratio of 13.53, a P/E/G ratio of 1.16 and a beta of 0.87. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.12 and a quick ratio of 0.79. Johnson Controls International PLC has a fifty-two week low of $32.89 and a fifty-two week high of $44.37.
Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations 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 for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.50 EPS. sell-side analysts forecast that Johnson Controls International PLC will post 2.81 EPS for the current fiscal year.
In other news, insider Rodney M. Rushing sold 8,148 shares of the firm’s stock in a transaction dated Monday, May 14th. The stock was sold at an average price of $36.55, for a total value of $297,809.40. Following the completion of the transaction, the insider now owns 31,999 shares in the company, valued at approximately $1,169,563.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.43% of the stock is owned by company 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. 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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