Sumitomo Mitsui Asset Management Company LTD trimmed its position in shares of Johnson Controls International PLC (NYSE:JCI) by 1.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,693 shares of the company’s stock after selling 721 shares during the quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in Johnson Controls International were worth $1,858,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Ingalls & Snyder LLC grew its stake in shares of Johnson Controls International by 526.6% during the fourth quarter. Ingalls & Snyder LLC now owns 253,436 shares of the company’s stock worth $7,514,000 after acquiring an additional 212,987 shares during the last quarter. Berkshire Asset Management LLC PA purchased a new stake in Johnson Controls International in the fourth quarter valued at approximately $203,000. Pflug Koory LLC boosted its position in Johnson Controls International by 61.2% in the fourth quarter. Pflug Koory LLC now owns 18,477 shares of the company’s stock valued at $609,000 after buying an additional 7,015 shares during the last quarter. Calamos Advisors LLC boosted its position in Johnson Controls International by 17.6% in the fourth quarter. Calamos Advisors LLC now owns 158,227 shares of the company’s stock valued at $4,691,000 after buying an additional 23,684 shares during the last quarter. Finally, Manning & Napier Group LLC boosted its position in Johnson Controls International by 14.4% in the fourth quarter. Manning & Napier Group LLC now owns 218,721 shares of the company’s stock valued at $6,484,000 after buying an additional 27,600 shares during the last quarter. 93.09% of the stock is owned by institutional investors.
JCI has been the topic of a number of recent research reports. TheStreet lowered Johnson Controls International from a “b-” rating to a “c+” rating in a research report on Tuesday, October 30th. Morgan Stanley set a $35.00 target price on Johnson Controls International and gave the company a “hold” rating in a research report on Friday, November 2nd. OTR Global lowered Johnson Controls International to a “positive” rating in a research report on Friday, January 18th. Oppenheimer lowered their price objective on Johnson Controls International from $44.00 to $39.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 14th. Finally, Citigroup reduced their target price on Johnson Controls International from $46.00 to $43.00 and set a “buy” rating for the company in a research note on Friday, November 16th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $38.50.
Johnson Controls International (NYSE:JCI) last posted 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 return on equity of 10.73% and a net margin of 7.77%. The firm had revenue of $5.46 billion during the quarter, compared to the consensus estimate of $5.47 billion. During the same period in the prior year, the company earned $0.54 EPS. The firm’s revenue was up 3.0% compared to the same quarter last year. On average, sell-side analysts forecast that Johnson Controls International PLC will post 1.81 earnings per share for the current year.
Johnson Controls International announced that its Board of Directors has initiated a share repurchase program on Thursday, November 8th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 3.2% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.
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Johnson Controls International 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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