Valeo Financial Advisors LLC closed its stake in Johnson Controls International plc (NYSE:JCI – Free Report) in the first quarter, according to the company’s latest filings with the Securities and Exchange Commission (SEC). Increased minutes by 60.0%. The fund owns 6,000 shares in the company after acquiring an additional 2,251 shares during the quarter. Valeo Financial Advisors LLC’s shares of Johnson Controls International were valued at $361,000 at the end of the most recent quarter.
Several other big investors also changed their stakes. Profund Advisors LLC raised his stake in Johnson Controls International by 21.4% during the fourth quarter. Profund Advisors LLC purchased an additional 1,348 shares during the period and now owns 7,661 shares of the company, valued at $490,000. Sequoia Financial Advisors LLC purchased a new position in Johnson Controls International stock in the fourth quarter for a value of $345,000. Russell Investment Group increased its stake in Johnson Controls International by 17.8% in the fourth quarter. Russell Investments Group Ltd. acquired an additional 46,134 shares during the previous quarter and now owns 304,896 shares of the company, valued at $19,548,000. Moors & Cabot Inc. expanded his position in Johnson Controls International by 1.5% in the fourth quarter. Moors & Cabot Inc. acquired an additional 187 shares during the period, and he now owns 12,550 shares of the company worth $1,020,000. Finally, AE Wealth Management LLC increased its stake in Johnson Controls International by 21.8% during the first quarter. AE Wealth Management LLC acquired an additional 28,300 shares during the last quarter and now owns 158,244 shares worth $9,529,000. Currently 88.49% of the shares are owned by hedge funds and other institutional investors.
In other news from Johnson Controls International, CFO Olivier Leonetti sold 30,997 shares in the company in a transaction on Monday, May 8. The shares were sold at an average price of $62.36 for a total transaction value of $1,932,972.92. After the sale was completed, the Chief Financial Officer owned 101,757 shares of the company, valued at $6,345,566.52. The transaction was disclosed in legal filings with the SEC, which can be accessed on the SEC’s website. In other Johnson Controls International news, CFO Olivier his Leonetti sold 30,997 shares of Johnson Controls International stock in a transaction that took place on Monday, May 8. The shares were sold at an average price of $62.36 for a total of $1,932,972.92. Following the closing of the transaction, the Chief Financial Officer will own directly 101,757 shares of the company, valued at $6,345,566.52. The sale is disclosed in his SEC legal filings, which can be accessed via this hyperlink. Vice President John D’Onofrio also sold 14,253 shares in a transaction that took place on Tuesday, May 9. The shares were sold at an average price of $63.02 for a total of $898,224.06. After the sale, the Vice President now owns 37,090 shares of the company, valued at $2,337,411.80. Disclosure information regarding this sale can be found here. Currently, 0.71% of the shares are owned by insiders.
Wall Street analysts forecast growth
JCI has been the subject of several research and analysis reports. JPMorgan Chase raised its price target on Johnson Controls International from $70.00 to $72.00 in a research note on Monday, May 8. Barclays downgraded Johnson Controls International from an ‘overweight’ rating to an ‘equal weight’ rating and set a target price for the company at $70.00. In an investigative report on Thursday, June 1. Deutsche Bank Aktiengesellschaft cut its price target on Johnson Controls International from $75.00 to $65.00 in a report on Wednesday, April 12, setting a Buy rating on the stock. StockNews.com began covering Johnson Controls International in an investigative report on Thursday, May 18. They issued a “buy” rating on the stock. Finally, Wells Fargo & Co. lowered its price target on Johnson Controls International from $69.00 to $65.00, setting the company’s rating to Overweight in its research report on Thursday, April 13. Three investment analysts have a Hold rating on the stock, while eight have a Buy rating. MarketBeat data shows Johnson Controls International has an average Rating of Moderate Buy and an Average Target Price of $69.31.
Johnson Controls International shares increased by 0.8%
NYSE: JCI shares opened Friday at $67.32. Johnson Controls International shares hit a 12-month low of $45.52 and a high of $69.60. The company’s current ratio is 1.03x, quick ratio is 0.78x, and debt-to-equity ratio is 0.46x. The company has a market capitalization of $46.19 billion, a P/E ratio of 33.49 times, a price/earnings multiple of 1.38 times, and a beta of 1.22 times. The company’s 50-day simple moving average is $62.47 and its 200-day simple moving average is $62.93.
Johnson Controls International (NYSE:JCI – Free Report) reported earnings on Friday, May 5th. The company reported earnings per share (EPS) of $0.75 for the quarter, beating analyst consensus expectations of $0.73 by $0.02. The business had sales of $6.69 billion in the quarter, compared with analyst expectations of $6.51 billion. Johnson Controls International net margin was 5.33% and return on equity was 13.07%. The company’s revenue for the quarter increased by 9.6% year-on-year. His EPS for the same business in the same period last year was $0.63. On average, an equity research analyst expects Johnson Controls International plc’s EPS to be 3.57 for the current financial year.
Johnson Controls International increases dividend
The company also recently announced a quarterly dividend to be paid on Friday, July 14th. Investors who registered on Tuesday, June 20, will be given a dividend of $0.37 per share. That’s a positive change from Johnson Controls International’s previous quarterly dividend of $0.36. This equates to an annualized dividend of $1.48 and a dividend yield of 2.20%. The ex-dividend date is Friday, June 16. Johnson Controls International’s payout ratio is currently 73.63%.
Johnson Controls International Company Profile
Johnson Controls International plc, with its subsidiaries, is engaged in the engineering, manufacturing, commissioning and refurbishment of building products and systems in the United States, Europe, Asia Pacific and internationally. The company operates through his four segments: North America Building Solutions, EMEA/LA Building Solutions, Asia Pacific Building Solutions, and Global Products.
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