Actinver Wealth Management Inc. purchased a new stake in Johnson Controls International PLC (NYSE:JCI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 8,202 shares of the company’s stock, valued at approximately $356,000.
A number of other hedge funds also recently made changes to their positions in the stock. MML Investors Services LLC lifted its holdings in shares of Johnson Controls International by 66.2% during the 3rd quarter. MML Investors Services LLC now owns 21,582 shares of the company’s stock worth $755,000 after acquiring an additional 8,593 shares during the period. AXA increased its position in Johnson Controls International by 41.2% during the 3rd quarter. AXA now owns 137,764 shares of the company’s stock worth $4,822,000 after purchasing an additional 40,222 shares in the last quarter. Bank of New York Mellon Corp increased its position in Johnson Controls International by 11.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 7,074,686 shares of the company’s stock worth $247,614,000 after purchasing an additional 704,520 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Johnson Controls International by 12.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,600,090 shares of the company’s stock worth $196,052,000 after purchasing an additional 635,357 shares in the last quarter. Finally, Blair William & Co. IL increased its position in Johnson Controls International by 8.5% during the 3rd quarter. Blair William & Co. IL now owns 46,015 shares of the company’s stock worth $1,611,000 after purchasing an additional 3,599 shares in the last quarter. 90.56% of the stock is currently owned by institutional investors and hedge funds.
JCI has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Johnson Controls International from a “strong sell” rating to a “buy” rating and set a $41.00 target price for the company in a research report on Tuesday, March 19th. Cowen reissued a “hold” rating and set a $32.00 target price (down previously from $38.00) on shares of Johnson Controls International in a research report on Friday, February 15th. ValuEngine raised shares of Johnson Controls International from a “sell” rating to a “hold” rating in a research report on Friday, February 8th. Wells Fargo & Co raised shares of Johnson Controls International from a “market perform” rating to an “outperform” rating and set a $42.00 target price for the company in a research report on Monday, March 18th. Finally, OTR Global downgraded shares of Johnson Controls International to a “positive” rating in a research report on Friday, January 18th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $38.73.
Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Friday, February 1st. The company reported $0.26 earnings per share (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 company had revenue of $5.46 billion during the quarter, compared to the consensus estimate of $5.47 billion. During the same quarter last year, the company earned $0.54 earnings per share. Johnson Controls International’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, equities analysts anticipate that Johnson Controls International PLC will post 1.81 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Monday, March 18th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.83%. The ex-dividend date of this dividend was Friday, March 15th. Johnson Controls International’s dividend payout ratio (DPR) is currently 36.75%.
Johnson Controls International declared that its board has approved a stock buyback plan on Thursday, March 7th that allows the company to buyback $8.50 billion in shares. This buyback authorization allows the company to repurchase up to 26% of its stock through open market purchases. Stock buyback plans are generally 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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