Toronto Dominion Bank increased its holdings in shares of Johnson Controls International PLC (NYSE:JCI) by 15.5% in the first quarter, HoldingsChannel reports. The firm owned 628,201 shares of the company’s stock after acquiring an additional 84,493 shares during the period. Toronto Dominion Bank’s holdings in Johnson Controls International were worth $23,200,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Horan Capital Advisors LLC. acquired a new stake in Johnson Controls International in the first quarter valued at approximately $25,000. Creative Financial Designs Inc. ADV grew its position in Johnson Controls International by 155.6% in the first quarter. Creative Financial Designs Inc. ADV now owns 667 shares of the company’s stock valued at $25,000 after acquiring an additional 406 shares in the last quarter. Ellis Investment Partners LLC acquired a new stake in Johnson Controls International in the first quarter valued at approximately $30,000. Paragon Capital Management LLC acquired a new stake in Johnson Controls International in the first quarter valued at approximately $31,000. Finally, Financial Gravity Companies Inc. acquired a new stake in Johnson Controls International in the fourth quarter valued at approximately $32,000. 91.94% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Rodney M. Rushing sold 29,728 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $39.03, for a total transaction of $1,160,283.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Brian J. Stief sold 126,158 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $39.09, for a total transaction of $4,931,516.22. Following the sale, the vice president now directly owns 154,860 shares of the company’s stock, valued at approximately $6,053,477.40. The disclosure for this sale can be found here. Insiders have sold 175,384 shares of company stock valued at $6,861,650 in the last three months. Corporate insiders own 0.50% of the company’s stock.
Shares of JCI stock traded up $0.18 during mid-day trading on Thursday, reaching $39.23. 175,190 shares of the company were exchanged, compared to its average volume of 4,764,744. Johnson Controls International PLC has a fifty-two week low of $28.30 and a fifty-two week high of $40.33. The company has a current ratio of 0.95, a quick ratio of 0.80 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $35.08 billion, a P/E ratio of 13.87, a PEG ratio of 2.10 and a beta of 1.06.
Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. Johnson Controls International had a net margin of 8.52% and a return on equity of 9.85%. The business had revenue of $5.78 billion during the quarter, compared to the consensus estimate of $5.79 billion. During the same quarter last year, the company earned $0.54 earnings per share. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, research analysts predict that Johnson Controls International PLC will post 1.93 EPS for the current year.
Johnson Controls International announced that its board has authorized a share repurchase program on Thursday, March 7th that authorizes the company to buyback $8.50 billion in shares. This buyback authorization authorizes the company to buy up to 26% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.
Several analysts have issued reports on the stock. Credit Suisse Group assumed coverage on shares of Johnson Controls International in a research report on Monday. They issued a “neutral” rating and a $42.00 price objective for the company. TheStreet raised shares of Johnson Controls International from a “c+” rating to a “b-” rating in a research report on Thursday, May 9th. Zacks Investment Research downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Tuesday. Wells Fargo & Co raised shares of Johnson Controls International from a “market perform” rating to an “outperform” rating and set a $42.00 price objective for the company in a research report on Monday, March 18th. Finally, Cowen reaffirmed a “hold” rating and issued a $32.00 price objective (down previously from $38.00) on shares of Johnson Controls International in a research report on Friday, February 15th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. Johnson Controls International currently has a consensus rating of “Hold” and an average target price of $39.45.
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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