TownSquare Capital LLC raised its position in Johnson Controls International plc (NYSE:JCI) by 50.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 9,399 shares of the company’s stock after acquiring an additional 3,135 shares during the period. TownSquare Capital LLC’s holdings in Johnson Controls International were worth $640,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. Canton Hathaway LLC bought a new stake in shares of Johnson Controls International during the 3rd quarter valued at $27,000. Bell Investment Advisors Inc purchased a new position in Johnson Controls International during the third quarter worth about $30,000. Newbridge Financial Services Group Inc. purchased a new position in Johnson Controls International during the third quarter worth about $30,000. Dark Forest Capital Management LP purchased a new position in Johnson Controls International during the third quarter worth about $34,000. Finally, Allworth Financial LP grew its position in Johnson Controls International by 75.8% during the third quarter. Allworth Financial LP now owns 501 shares of the company’s stock worth $34,000 after buying an additional 216 shares in the last quarter. Hedge funds and other institutional investors own 88.89% of the company’s stock.
A number of equities analysts have recently issued reports on the company. Citigroup upped their price objective on Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Monday, November 8th. Deutsche Bank Aktiengesellschaft lowered their target price on Johnson Controls International from $84.00 to $80.00 and set a “hold” rating for the company in a research note on Thursday, February 3rd. Credit Suisse Group lowered their target price on Johnson Controls International from $89.00 to $86.00 and set an “outperform” rating for the company in a research note on Thursday, February 3rd. Barclays boosted their target price on Johnson Controls International from $85.00 to $86.00 and gave the company an “overweight” rating in a research note on Tuesday, January 4th. Finally, Mizuho lowered their target price on Johnson Controls International from $93.00 to $88.00 and set a “buy” rating for the company in a research note on Thursday, February 3rd. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $79.93.
In other Johnson Controls International news, VP Robert M. Vanhimbergen sold 8,573 shares of the stock in a transaction on Thursday, February 3rd. The stock was sold at an average price of $69.63, for a total transaction of $596,937.99. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Visal Leng sold 600 shares of the firm’s stock in a transaction on Wednesday, January 12th. The stock was sold at an average price of $81.00, for a total value of $48,600.00. The disclosure for this sale can be found here. Insiders sold a total of 66,033 shares of company stock worth $5,133,297 in the last 90 days. 0.76% of the stock is currently owned by company insiders.
Shares of NYSE:JCI opened at $65.37 on Monday. Johnson Controls International plc has a 52-week low of $55.14 and a 52-week high of $81.77. The firm has a market capitalization of $45.94 billion, a P/E ratio of 29.71, a P/E/G ratio of 2.58 and a beta of 1.12. The stock has a 50 day moving average price of $74.63 and a 200-day moving average price of $74.38. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.79 and a current ratio of 1.04.
Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Tuesday, February 1st. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.01. The company had revenue of $5.86 billion for the quarter, compared to the consensus estimate of $5.79 billion. Johnson Controls International had a return on equity of 10.58% and a net margin of 6.48%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.43 EPS. On average, equities analysts forecast that Johnson Controls International plc will post 3.27 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, January 14th. Investors of record on Monday, December 20th were paid a $0.34 dividend. The ex-dividend date was Friday, December 17th. This represents a $1.36 annualized dividend and a dividend yield of 2.08%. This is an increase from Johnson Controls International’s previous quarterly dividend of $0.27. Johnson Controls International’s dividend payout ratio is presently 61.82%.
Johnson Controls International Company Profile
Johnson Controls International Plc engages in the provision of building products, energy solutions, integrated infrastructure and next generation transportation systems. Its technology and service capabilities include fire, security, HVAC, power solutions and energy storage to serve various end markets including large institutions, commercial buildings, retail, industrial, small business and residential.
Recommended Stories
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).
Want More Great Investing Ideas?