The Manufacturers Life Insurance Company Buys 2,879,948 Shares of Johnson Controls International PLC (JCI)

The Manufacturers Life Insurance Company lifted its stake in shares of Johnson Controls International PLC (NYSE:JCI) by 144.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,877,880 shares of the auto parts company’s stock after purchasing an additional 2,879,948 shares during the period. The Manufacturers Life Insurance Company owned 0.52% of Johnson Controls International PLC worth $211,505,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Federated Investors Inc. PA boosted its holdings in shares of Johnson Controls International PLC by 368.6% during the 2nd quarter. Federated Investors Inc. PA now owns 73,435 shares of the auto parts company’s stock worth $3,184,000 after purchasing an additional 57,764 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in shares of Johnson Controls International PLC by 13.4% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 194,832 shares of the auto parts company’s stock worth $8,449,000 after purchasing an additional 22,960 shares during the last quarter. First National Trust Co. boosted its holdings in shares of Johnson Controls International PLC by 15.3% during the 2nd quarter. First National Trust Co. now owns 26,265 shares of the auto parts company’s stock worth $1,139,000 after purchasing an additional 3,482 shares during the last quarter. Trillium Asset Management LLC boosted its holdings in shares of Johnson Controls International PLC by 2.2% during the 2nd quarter. Trillium Asset Management LLC now owns 474,320 shares of the auto parts company’s stock worth $20,567,000 after purchasing an additional 10,045 shares during the last quarter. Finally, Honeywell International Inc. acquired a new position in shares of Johnson Controls International PLC during the 2nd quarter worth approximately $13,008,000. Institutional investors and hedge funds own 86.09% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This story was first reported by Transcript Daily and is owned by of Transcript Daily. If you are accessing this story on another domain, it was illegally stolen and republished in violation of United States & international trademark & copyright laws. The original version of this story can be accessed at https://transcriptdaily.com/2017/10/08/the-manufacturers-life-insurance-company-buys-2879948-shares-of-johnson-controls-international-plc-jci.html.

Johnson Controls International PLC (JCI) traded down 0.32% on Friday, reaching $41.07. The company’s stock had a trading volume of 3,167,745 shares. The stock’s market capitalization is $38.29 billion. The firm has a 50 day moving average price of $39.64 and a 200 day moving average price of $41.18. Johnson Controls International PLC has a 52 week low of $36.74 and a 52 week high of $46.17.

Johnson Controls International PLC (NYSE:JCI) last announced its quarterly earnings results on Thursday, July 27th. The auto parts company reported $0.71 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.71. The company had revenue of $7.67 billion for the quarter, compared to analyst estimates of $7.72 billion. Johnson Controls International PLC had a negative net margin of 0.43% and a positive return on equity of 11.74%. Johnson Controls International PLC’s revenue for the quarter was up 48.8% on a year-over-year basis. During the same quarter last year, the business earned $1.07 EPS. On average, equities analysts anticipate that Johnson Controls International PLC will post $2.61 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Monday, September 25th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, September 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.43%. Johnson Controls International PLC’s dividend payout ratio (DPR) is presently -196.08%.

Several research analysts have recently weighed in on JCI shares. JMP Securities started coverage on Johnson Controls International PLC in a report on Monday, June 19th. They set an “outperform” rating and a $54.00 target price on the stock. BidaskClub upgraded Johnson Controls International PLC from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Zacks Investment Research cut Johnson Controls International PLC from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Morgan Stanley restated an “overweight” rating and set a $51.00 target price (up from $50.00) on shares of Johnson Controls International PLC in a report on Monday, July 10th. Finally, Wolfe Research started coverage on Johnson Controls International PLC in a report on Tuesday, July 11th. They set a “market perform” rating on the stock. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $49.00.

Johnson Controls International PLC Company Profile

Johnson Controls, Inc is a technology company. The Company provides products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles, and seating and interior systems for automobiles. The Company operates in two segments: Building Efficiency and Power Solutions.

Institutional Ownership by Quarter for Johnson Controls International PLC (NYSE:JCI)

Receive News & Ratings for Johnson Controls International PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Johnson Controls International PLC and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply