Heritage Wealth Advisors purchased a new position in Johnson Controls International PLC (NYSE:JCI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,864 shares of the company’s stock, valued at approximately $173,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of JCI. Moody National Bank Trust Division boosted its position in shares of Johnson Controls International by 537.6% during the fourth quarter. Moody National Bank Trust Division now owns 848 shares of the company’s stock worth $25,000 after acquiring an additional 715 shares during the last quarter. Private Capital Group LLC boosted its position in shares of Johnson Controls International by 15.8% during the fourth quarter. Private Capital Group LLC now owns 2,653 shares of the company’s stock worth $79,000 after acquiring an additional 362 shares during the last quarter. CKW Financial Group boosted its position in shares of Johnson Controls International by 24.7% during the fourth quarter. CKW Financial Group now owns 3,531 shares of the company’s stock worth $105,000 after acquiring an additional 700 shares during the last quarter. TRUE Private Wealth Advisors bought a new position in shares of Johnson Controls International during the third quarter worth $131,000. Finally, TLP Group LLC bought a new position in shares of Johnson Controls International during the third quarter worth $141,000. Institutional investors and hedge funds own 93.09% of the company’s stock.
A number of equities analysts recently weighed in on the stock. Oppenheimer dropped their target price on shares of Johnson Controls International from $44.00 to $39.00 and set an “outperform” rating for the company in a research report on Wednesday, November 14th. TheStreet lowered shares of Johnson Controls International from a “b-” rating to a “c+” rating in a research report on Tuesday, October 30th. Zacks Investment Research restated a “hold” rating on shares of Johnson Controls International in a research report on Tuesday, November 13th. OTR Global lowered shares of Johnson Controls International to a “positive” rating in a research report on Friday, January 18th. Finally, ValuEngine upgraded shares of Johnson Controls International from a “sell” rating to a “hold” rating in a research report on Friday. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $38.50.
Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Friday, February 1st. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.02. Johnson Controls International had a net margin of 7.77% and a return on equity of 10.73%. The business had revenue of $5.46 billion during the quarter, compared to analyst estimates of $5.47 billion. During the same quarter last year, the business earned $0.54 earnings per share. Johnson Controls International’s quarterly revenue was up 3.0% compared to the same quarter last year. Research analysts anticipate that Johnson Controls International PLC will post 1.81 EPS for the current fiscal year.
Johnson Controls International announced that its Board of Directors has authorized a stock buyback plan on Thursday, November 8th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 3.2% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
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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. 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.
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