Ossiam increased its holdings in Johnson Controls International plc (NYSE:JCI) by 85.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 45,384 shares of the company’s stock after purchasing an additional 20,927 shares during the quarter. Ossiam’s holdings in Johnson Controls International were worth $3,241,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of JCI. Stifel Financial Corp grew its holdings in Johnson Controls International by 2.7% in the first quarter. Stifel Financial Corp now owns 357,184 shares of the company’s stock worth $21,313,000 after purchasing an additional 9,295 shares during the last quarter. Moody Lynn & Lieberson LLC purchased a new position in Johnson Controls International in the second quarter worth $1,232,000. Bank of Montreal Can grew its holdings in Johnson Controls International by 18.3% in the second quarter. Bank of Montreal Can now owns 712,620 shares of the company’s stock worth $48,750,000 after purchasing an additional 110,337 shares during the last quarter. American Investment Services Inc. purchased a new stake in shares of Johnson Controls International during the second quarter valued at $215,000. Finally, Aspen Investment Management Inc grew its holdings in shares of Johnson Controls International by 5.2% during the first quarter. Aspen Investment Management Inc now owns 14,689 shares of the company’s stock valued at $876,000 after buying an additional 720 shares during the last quarter. 88.80% of the stock is owned by institutional investors.
A number of brokerages have recently weighed in on JCI. Credit Suisse Group boosted their price objective on shares of Johnson Controls International from $75.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, August 2nd. Royal Bank of Canada upped their price target on shares of Johnson Controls International from $70.00 to $76.00 and gave the company a “sector perform” rating in a report on Thursday, September 9th. Wells Fargo & Company began coverage on shares of Johnson Controls International in a report on Thursday, October 7th. They issued an “overweight” rating and a $82.00 price target on the stock. Jefferies Financial Group began coverage on shares of Johnson Controls International in a report on Thursday, July 8th. They issued a “buy” rating and a $85.00 price target on the stock. Finally, Oppenheimer upped their price target on shares of Johnson Controls International from $78.00 to $86.00 and gave the company an “outperform” rating in a report on Friday, September 10th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $73.31.
Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Thursday, July 29th. The company reported $0.83 earnings per share for the quarter, hitting the consensus estimate of $0.83. Johnson Controls International had a net margin of 7.79% and a return on equity of 9.79%. The firm had revenue of $6.34 billion during the quarter, compared to the consensus estimate of $6.27 billion. During the same quarter in the prior year, the firm earned $0.67 EPS. The company’s revenue for the quarter was up 18.7% on a year-over-year basis. Research analysts anticipate that Johnson Controls International plc will post 2.66 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 15th. Shareholders of record on Monday, September 27th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, September 24th. This represents a $1.08 dividend on an annualized basis and a yield of 1.55%. Johnson Controls International’s payout ratio is 48.21%.
Johnson Controls International Profile
Johnson Controls International Plc engages in the provision of buildings 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.
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