First PREMIER Bank lessened its stake in Johnson Controls International PLC (NYSE:JCI) by 45.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,574 shares of the company’s stock after selling 1,330 shares during the period. First PREMIER Bank’s holdings in Johnson Controls International were worth $47,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JCI. Moody National Bank Trust Division boosted its stake in shares of Johnson Controls International by 537.6% during the fourth quarter. Moody National Bank Trust Division now owns 848 shares of the company’s stock worth $25,000 after buying an additional 715 shares during the period. TRUE Private Wealth Advisors acquired a new stake in shares of Johnson Controls International during the third quarter worth about $131,000. TLP Group LLC acquired a new stake in shares of Johnson Controls International during the third quarter worth about $141,000. Focused Wealth Management Inc acquired a new stake in shares of Johnson Controls International during the third quarter worth about $158,000. Finally, Signaturefd LLC boosted its stake in shares of Johnson Controls International by 58.5% during the third quarter. Signaturefd LLC now owns 4,857 shares of the company’s stock worth $170,000 after buying an additional 1,793 shares during the period. Institutional investors own 92.13% of the company’s stock.
Johnson Controls International stock traded up $0.12 during mid-day trading on Monday, reaching $32.30. The company had a trading volume of 2,313,199 shares, compared to its average volume of 5,526,975. Johnson Controls International PLC has a 1 year low of $28.30 and a 1 year high of $41.53. The company has a current ratio of 1.05, a quick ratio of 0.76 and a debt-to-equity ratio of 0.43. The stock has a market cap of $29.54 billion, a PE ratio of 11.41, a price-to-earnings-growth ratio of 0.98 and a beta of 0.95.
Johnson Controls International (NYSE:JCI) last issued its earnings results on Thursday, November 8th. The company reported $0.93 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.93. Johnson Controls International had a net margin of 6.89% and a return on equity of 11.92%. The company had revenue of $8.37 billion during the quarter, compared to analysts’ expectations of $8.28 billion. During the same period last year, the company posted $0.87 earnings per share. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, sell-side analysts forecast that Johnson Controls International PLC will post 2.96 EPS for the current fiscal year.
Johnson Controls International declared that its Board of Directors has initiated a share buyback plan 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 plans are typically an indication that the company’s management believes its stock is undervalued.
The business also recently announced a quarterly dividend, which was paid on Friday, January 11th. Shareholders of record on Monday, December 17th were issued a $0.26 dividend. The ex-dividend date of this dividend was Friday, December 14th. This represents a $1.04 dividend on an annualized basis and a yield of 3.22%. Johnson Controls International’s dividend payout ratio (DPR) is presently 36.75%.
Several equities research analysts have recently weighed in on JCI shares. Citigroup decreased their target price on shares of 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. Wells Fargo & Co cut their price target on shares of Johnson Controls International from $41.00 to $38.00 and set a “market perform” rating for the company in a report on Friday, September 28th. JPMorgan Chase & Co. cut shares of Johnson Controls International from a “neutral” rating to an “underweight” rating and set a $44.00 price target for the company. in a report on Friday, September 21st. Morgan Stanley set a $35.00 price target on shares of Johnson Controls International and gave the stock a “hold” rating in a report on Friday, November 2nd. Finally, Credit Suisse Group initiated coverage on shares of Johnson Controls International in a report on Friday, October 12th. They set a “neutral” rating and a $37.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $38.50.
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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. 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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