Johnson Controls International PLC (JCI) Holdings Increased by We Are One Seven LLC
We Are One Seven LLC lifted its holdings in Johnson Controls International PLC (NYSE:JCI) by 85.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,556 shares of the company’s stock after purchasing an additional 13,127 shares during the quarter. We Are One Seven LLC’s holdings in Johnson Controls International were worth $1,054,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also modified their holdings of JCI. Scotia Capital Inc. boosted its position in Johnson Controls International by 4.5% in the fourth quarter. Scotia Capital Inc. now owns 6,771 shares of the company’s stock valued at $201,000 after buying an additional 294 shares in the last quarter. HCR Wealth Advisors lifted its position in shares of Johnson Controls International by 1.7% during the 4th quarter. HCR Wealth Advisors now owns 17,984 shares of the company’s stock valued at $533,000 after acquiring an additional 300 shares during the period. Bronfman E.L. Rothschild L.P. boosted its stake in Johnson Controls International by 4.4% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 7,251 shares of the company’s stock worth $215,000 after acquiring an additional 306 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in Johnson Controls International by 26.3% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,600 shares of the company’s stock worth $47,000 after acquiring an additional 333 shares in the last quarter. Finally, Private Capital Group LLC boosted its stake in Johnson Controls International by 15.8% during the fourth quarter. Private Capital Group LLC now owns 2,653 shares of the company’s stock worth $79,000 after acquiring an additional 362 shares in the last quarter. 90.55% of the stock is currently owned by institutional investors.
Several equities analysts have recently weighed in on JCI shares. Wells Fargo & Co upgraded shares of Johnson Controls International from a “market perform” rating to an “outperform” rating and set a $42.00 price objective on the stock in a report on Monday, March 18th. OTR Global downgraded Johnson Controls International to a “positive” rating in a research note on Friday, January 18th. ValuEngine upgraded Johnson Controls International from a “sell” rating to a “hold” rating in a report on Friday, February 8th. Zacks Investment Research cut Johnson Controls International from a “hold” rating to a “sell” rating in a research note on Tuesday, January 15th. Finally, Cowen restated a “hold” rating and set a $32.00 price objective (down previously from $38.00) on shares of Johnson Controls International in a report on Friday, February 15th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $38.67.
Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Friday, February 1st. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.24 by $0.02. Johnson Controls International had a return on equity of 10.73% and a net margin of 7.77%. The business had revenue of $5.46 billion for the quarter, compared to the consensus estimate of $5.47 billion. During the same quarter in the prior year, the business earned $0.54 earnings per share. Johnson Controls International’s revenue for the quarter was up 3.0% on a year-over-year basis. Equities analysts expect that Johnson Controls International PLC will post 1.81 EPS for the current fiscal year.
Johnson Controls International announced that its Board of Directors has initiated a share buyback plan on Thursday, March 7th that permits the company to repurchase $8.50 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 26% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Monday, March 18th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, March 15th. This represents a $1.04 annualized dividend and a dividend yield of 2.90%. Johnson Controls International’s payout ratio is 36.75%.
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Johnson Controls International 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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