Sciencast Management LP Has $1.59 Million Stake in Johnson Controls International PLC (JCI)
Sciencast Management LP lifted its position in Johnson Controls International PLC (NYSE:JCI) by 24.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,164 shares of the company’s stock after buying an additional 8,564 shares during the quarter. Sciencast Management LP’s holdings in Johnson Controls International were worth $1,589,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in Johnson Controls International by 1.3% during the third quarter. Vanguard Group Inc. now owns 67,459,746 shares of the company’s stock worth $2,361,091,000 after acquiring an additional 857,281 shares during the period. Vanguard Group Inc increased its position in Johnson Controls International by 1.3% during the third quarter. Vanguard Group Inc now owns 67,459,746 shares of the company’s stock worth $2,361,091,000 after acquiring an additional 857,281 shares during the period. BlackRock Inc. increased its position in Johnson Controls International by 4.3% during the fourth quarter. BlackRock Inc. now owns 62,579,756 shares of the company’s stock worth $1,855,489,000 after acquiring an additional 2,602,524 shares during the period. Clearbridge Investments LLC increased its position in Johnson Controls International by 3.1% during the third quarter. Clearbridge Investments LLC now owns 22,767,071 shares of the company’s stock worth $796,847,000 after acquiring an additional 693,295 shares during the period. Finally, Geode Capital Management LLC increased its position in Johnson Controls International by 8.0% during the fourth quarter. Geode Capital Management LLC now owns 11,409,138 shares of the company’s stock worth $337,655,000 after acquiring an additional 843,858 shares during the period. Institutional investors and hedge funds own 90.55% of the company’s stock.
JCI has been the topic of a number of research reports. Zacks Investment Research lowered shares of Johnson Controls International from a “hold” rating to a “sell” rating in a research report on Tuesday, January 15th. ValuEngine raised shares of Johnson Controls International from a “sell” rating to a “hold” rating in a research report on Friday, February 8th. OTR Global lowered shares of Johnson Controls International to a “positive” rating in a research report on Friday, January 18th. Cowen reaffirmed a “hold” rating and set a $32.00 target price (down previously from $38.00) on shares of Johnson Controls International in a research report on Friday, February 15th. Finally, Wells Fargo & Co raised shares of Johnson Controls International from a “market perform” rating to an “outperform” rating and set a $42.00 target price on the stock in a research report on Monday, March 18th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. Johnson Controls International has an average rating of “Hold” and a consensus price target of $38.67.
Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Friday, February 1st. The company reported $0.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.02. The firm had revenue of $5.46 billion for the quarter, compared to analyst estimates of $5.47 billion. Johnson Controls International had a net margin of 7.77% and a return on equity of 10.73%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.54 EPS. Analysts predict that Johnson Controls International PLC will post 1.81 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Monday, March 18th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.84%. The ex-dividend date was Friday, March 15th. Johnson Controls International’s dividend payout ratio (DPR) is presently 36.75%.
Johnson Controls International announced that its Board of Directors has initiated a stock buyback plan on Thursday, March 7th that allows the company to repurchase $8.50 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 26% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
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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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