Moors & Cabot Inc. lessened its position in shares of Johnson Controls International PLC (NYSE:JCI) by 38.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,637 shares of the auto parts company’s stock after selling 16,629 shares during the period. Moors & Cabot Inc.’s holdings in Johnson Controls International were worth $939,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Royal Bank of Canada lifted its position in shares of Johnson Controls International by 16.4% during the 1st quarter. Royal Bank of Canada now owns 1,932,273 shares of the auto parts company’s stock worth $68,093,000 after buying an additional 271,864 shares during the last quarter. Eventide Asset Management LLC lifted its position in shares of Johnson Controls International by 26.7% during the 1st quarter. Eventide Asset Management LLC now owns 66,500 shares of the auto parts company’s stock worth $2,343,000 after buying an additional 14,000 shares during the last quarter. Atlantic Trust Group LLC lifted its position in shares of Johnson Controls International by 49.6% during the 1st quarter. Atlantic Trust Group LLC now owns 26,748 shares of the auto parts company’s stock worth $942,000 after buying an additional 8,871 shares during the last quarter. Blue Chip Wealth Management Inc. purchased a new stake in shares of Johnson Controls International during the 1st quarter worth approximately $255,000. Finally, Amundi Pioneer Asset Management Inc. lifted its position in shares of Johnson Controls International by 8.7% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 1,316,537 shares of the auto parts company’s stock worth $46,393,000 after buying an additional 105,771 shares during the last quarter. Institutional investors own 91.26% of the company’s stock.
Several analysts recently commented on the stock. Zacks Investment Research upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research report on Wednesday, April 4th. Cowen reissued a “hold” rating and issued a $36.00 price objective on shares of Johnson Controls International in a research note on Tuesday, May 1st. Robert W. Baird reissued a “hold” rating and issued a $38.00 price objective on shares of Johnson Controls International in a research note on Thursday, April 19th. Wolfe Research assumed coverage on shares of Johnson Controls International in a research note on Wednesday. They issued a “market perform” rating on the stock. Finally, ValuEngine cut shares of Johnson Controls International from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $44.50.
In other Johnson Controls International news, insider Rodney M. Rushing sold 8,148 shares of the company’s stock in a transaction dated Monday, May 14th. The shares were sold at an average price of $36.55, for a total value of $297,809.40. Following the transaction, the insider now directly owns 31,999 shares in the company, valued at approximately $1,169,563.45. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.43% of the stock is currently owned by corporate insiders.
Shares of Johnson Controls International traded down $0.33, reaching $33.20, on Thursday, Marketbeat.com reports. 210,183 shares of the company were exchanged, compared to its average volume of 4,219,216. The company has a quick ratio of 0.79, a current ratio of 1.12 and a debt-to-equity ratio of 0.50. Johnson Controls International PLC has a 1-year low of $32.89 and a 1-year high of $44.37. The stock has a market cap of $31.64 billion, a PE ratio of 12.78, a price-to-earnings-growth ratio of 1.11 and a beta of 0.85.
Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Tuesday, May 1st. The auto parts company reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.01. The firm had revenue of $7.48 billion for the quarter, compared to analysts’ expectations of $7.43 billion. Johnson Controls International had a net margin of 6.83% and a return on equity of 11.60%. The firm’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.50 EPS. equities analysts anticipate that Johnson Controls International PLC will post 2.81 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 13th. Investors of record on Monday, June 25th will be paid a $0.26 dividend. The ex-dividend date is Friday, June 22nd. This represents a $1.04 dividend on an annualized basis and a yield of 3.13%. Johnson Controls International’s payout ratio is 40.00%.
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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