D.A. Davidson & CO. boosted its holdings in Johnson Controls International plc (NYSE:JCI – Get Rating) by 6.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,602 shares of the company’s stock after purchasing an additional 1,190 shares during the quarter. D.A. Davidson & CO.’s holdings in Johnson Controls International were worth $1,191,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JCI. Canton Hathaway LLC acquired a new stake in shares of Johnson Controls International in the fourth quarter valued at approximately $26,000. Salem Investment Counselors Inc. boosted its holdings in shares of Johnson Controls International by 152.4% in the first quarter. Salem Investment Counselors Inc. now owns 588 shares of the company’s stock valued at $39,000 after acquiring an additional 355 shares during the period. High Net Worth Advisory Group LLC acquired a new stake in shares of Johnson Controls International in the first quarter valued at approximately $46,000. Rosenberg Matthew Hamilton acquired a new stake in shares of Johnson Controls International in the third quarter valued at approximately $36,000. Finally, Concord Wealth Partners acquired a new stake in shares of Johnson Controls International in the fourth quarter valued at approximately $53,000. 88.76% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft decreased their price objective on Johnson Controls International from $75.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, April 12th. Wells Fargo & Company decreased their price target on Johnson Controls International from $69.00 to $65.00 and set an “overweight” rating for the company in a report on Thursday, April 13th. Mizuho increased their price target on Johnson Controls International from $72.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, January 13th. Morgan Stanley increased their price target on Johnson Controls International from $67.00 to $73.00 and gave the stock an “overweight” rating in a report on Friday, January 6th. Finally, StockNews.com initiated coverage on Johnson Controls International in a research report on Thursday, March 16th. They issued a “buy” rating for the company. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $69.21.
Johnson Controls International Trading Up 3.6 %
Johnson Controls International (NYSE:JCI – Get Rating) last issued its quarterly earnings results on Wednesday, February 1st. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. Johnson Controls International had a return on equity of 12.51% and a net margin of 4.98%. The firm had revenue of $6.07 billion for the quarter, compared to analyst estimates of $6.25 billion. During the same period last year, the company earned $0.54 EPS. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. On average, analysts forecast that Johnson Controls International plc will post 3.49 earnings per share for the current fiscal year.
Johnson Controls International Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, April 14th. Investors of record on Monday, March 20th were issued a dividend of $0.36 per share. This is an increase from Johnson Controls International’s previous quarterly dividend of $0.35. This represents a $1.44 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend was Friday, March 17th. Johnson Controls International’s dividend payout ratio (DPR) is presently 78.26%.
Insider Activity at Johnson Controls International
In related news, VP Daniel C. Mcconeghy sold 3,068 shares of the firm’s stock in a transaction dated Friday, February 10th. The stock was sold at an average price of $64.43, for a total transaction of $197,671.24. Following the sale, the vice president now directly owns 5,054 shares in the company, valued at approximately $325,629.22. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.71% of the company’s stock.
About Johnson Controls International
Johnson Controls International Plc engages in the provision of building products, energy solutions, integrated infrastructure and next generation transportation systems. Its technology and service capabilities include fire, security, HVAC, power solutions and energy storage to serve various end markets including large institutions, commercial buildings, retail, industrial, small business and residential.
Read More
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