Federated Investors Inc. PA trimmed its holdings in shares of Johnson Controls International PLC (NYSE:JCI) by 15.7% in the 2nd quarter, Holdings Channel reports. The firm owned 8,761 shares of the auto parts company’s stock after selling 1,636 shares during the quarter. Federated Investors Inc. PA’s holdings in Johnson Controls International were worth $293,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. First PREMIER Bank bought a new stake in shares of Johnson Controls International during the second quarter worth $118,000. Resources Investment Advisors Inc. raised its holdings in shares of Johnson Controls International by 132.4% in the first quarter. Resources Investment Advisors Inc. now owns 3,681 shares of the auto parts company’s stock valued at $129,000 after acquiring an additional 2,097 shares in the last quarter. FTB Advisors Inc. bought a new stake in shares of Johnson Controls International in the second quarter valued at about $138,000. Well Done LLC bought a new stake in shares of Johnson Controls International in the first quarter valued at about $156,000. Finally, Boston Private Wealth LLC bought a new stake in shares of Johnson Controls International in the first quarter valued at about $202,000. Institutional investors and hedge funds own 92.85% of the company’s stock.
Several analysts recently weighed in on the company. TheStreet upgraded Johnson Controls International from a “c+” rating to a “b-” rating in a report on Friday, August 24th. Argus upgraded Johnson Controls International from a “hold” rating to a “buy” rating in a report on Tuesday, August 21st. Morgan Stanley assumed coverage on Johnson Controls International in a report on Monday, August 20th. They issued an “equal weight” rating and a $40.00 price objective for the company. UBS Group decreased their price objective on Johnson Controls International from $46.00 to $44.00 and set a “buy” rating for the company in a report on Thursday, August 30th. Finally, Citigroup lifted their price objective on Johnson Controls International from $45.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, August 2nd. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. Johnson Controls International has a consensus rating of “Hold” and an average price target of $41.85.
Shares of Johnson Controls International stock opened at $35.68 on Thursday. The stock has a market capitalization of $33.52 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 1.17 and a beta of 0.85. The company has a quick ratio of 0.79, a current ratio of 1.10 and a debt-to-equity ratio of 0.48. Johnson Controls International PLC has a one year low of $32.89 and a one year high of $42.60.
Johnson Controls International (NYSE:JCI) last announced its earnings results on Tuesday, July 31st. The auto parts company reported $0.81 EPS for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.02. The business had revenue of $8.12 billion during the quarter, compared to the consensus estimate of $7.96 billion. Johnson Controls International had a net margin of 7.27% and a return on equity of 11.84%. The firm’s revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 earnings per share. sell-side analysts anticipate that Johnson Controls International PLC will post 2.81 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 12th. Shareholders of record on Monday, September 24th will be issued a $0.26 dividend. The ex-dividend date is Friday, September 21st. This represents a $1.04 dividend on an annualized basis and a yield of 2.91%. Johnson Controls International’s dividend payout ratio is presently 40.00%.
About Johnson Controls International
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. It designs, sells, controls, installs heating, ventilating, and air conditioning systems. The company also provides residential air conditioning and heating systems, and industrial refrigeration products, as well as technical and energy management consulting services.
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