Meyer Handelman Co. reduced its holdings in Johnson Controls International PLC (NYSE:JCI) by 0.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 228,376 shares of the company’s stock after selling 1,200 shares during the quarter. Meyer Handelman Co.’s holdings in Johnson Controls International were worth $8,253,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Creative Financial Designs Inc. ADV increased its position in shares of Johnson Controls International by 155.6% during the first quarter. Creative Financial Designs Inc. ADV now owns 667 shares of the company’s stock worth $25,000 after buying an additional 406 shares during the period. Horan Capital Advisors LLC. acquired a new stake in shares of Johnson Controls International during the first quarter worth $25,000. Paragon Capital Management LLC acquired a new stake in shares of Johnson Controls International during the first quarter worth $31,000. Moody National Bank Trust Division increased its position 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. Finally, Financial Gravity Companies Inc. acquired a new stake in shares of Johnson Controls International during the fourth quarter worth $32,000. Hedge funds and other institutional investors own 90.56% of the company’s stock.
Shares of Johnson Controls International stock traded down $0.25 during trading hours on Friday, reaching $38.51. The company’s stock had a trading volume of 12,664,389 shares, compared to its average volume of 5,830,820. Johnson Controls International PLC has a one year low of $28.30 and a one year high of $40.33. The firm has a market capitalization of $35.46 billion, a price-to-earnings ratio of 13.61, a price-to-earnings-growth ratio of 2.12 and a beta of 1.06. The company has a current ratio of 0.95, a quick ratio of 0.80 and a debt-to-equity ratio of 0.40.
Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. Johnson Controls International had a net margin of 8.52% and a return on equity of 9.85%. The firm had revenue of $5.78 billion for the quarter, compared to analyst estimates of $5.79 billion. During the same period last year, the firm earned $0.54 earnings per share. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, research analysts forecast that Johnson Controls International PLC will post 1.93 EPS for the current year.
Johnson Controls International declared that its board has authorized a share repurchase plan on Thursday, March 7th that permits the company to buyback $8.50 billion in outstanding shares. This buyback authorization permits the company to purchase up to 26% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
In other Johnson Controls International news, VP Jeffrey M. Williams sold 4,166 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $39.50, for a total value of $164,557.00. Following the transaction, the vice president now directly owns 194,406 shares of the company’s stock, valued at $7,679,037. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Brian J. Stief sold 126,158 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $39.09, for a total transaction of $4,931,516.22. Following the completion of the transaction, the vice president now directly owns 154,860 shares in the company, valued at $6,053,477.40. The disclosure for this sale can be found here. Insiders sold 175,384 shares of company stock worth $6,861,650 over the last ninety days. Insiders own 0.50% of the company’s stock.
A number of research firms have commented on JCI. Credit Suisse Group began coverage on shares of Johnson Controls International in a report on Monday, May 13th. They issued a “neutral” rating and a $42.00 price target for the company. TheStreet upgraded shares of Johnson Controls International from a “c+” rating to a “b-” rating in a report on Thursday, May 9th. Zacks Investment Research cut shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Tuesday, May 14th. Wells Fargo & Co upgraded shares of Johnson Controls International from a “market perform” rating to an “outperform” rating and set a $42.00 price target for the company in a report on Monday, March 18th. Finally, Cowen restated a “hold” rating and issued a $32.00 price target (down 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, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $39.45.
Johnson Controls International Company 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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