Forsta AP Fonden cut its position in Johnson Controls International plc (NYSE:JCI – Get Rating) by 15.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 200,100 shares of the company’s stock after selling 35,700 shares during the quarter. Forsta AP Fonden’s holdings in Johnson Controls International were worth $13,121,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Pacer Advisors Inc. grew its stake in Johnson Controls International by 0.9% in the 1st quarter. Pacer Advisors Inc. now owns 41,515 shares of the company’s stock valued at $2,722,000 after buying an additional 364 shares during the last quarter. RFG Advisory LLC grew its stake in Johnson Controls International by 3.2% in the 4th quarter. RFG Advisory LLC now owns 9,266 shares of the company’s stock valued at $753,000 after buying an additional 285 shares during the last quarter. Norris Perne & French LLP MI acquired a new position in Johnson Controls International in the 1st quarter valued at $209,000. Fifth Third Bancorp grew its position in Johnson Controls International by 12.4% in the 4th quarter. Fifth Third Bancorp now owns 17,510 shares of the company’s stock worth $1,424,000 after purchasing an additional 1,938 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Johnson Controls International by 1,428.3% in the 1st quarter. Assenagon Asset Management S.A. now owns 588,180 shares of the company’s stock worth $38,567,000 after purchasing an additional 549,693 shares during the last quarter. 88.54% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several analysts have issued reports on the stock. Morgan Stanley decreased their price target on shares of Johnson Controls International from $59.00 to $54.00 and set an “overweight” rating on the stock in a research report on Thursday, July 7th. The Goldman Sachs Group decreased their price target on shares of Johnson Controls International from $73.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, June 23rd. William Blair restated a “market perform” rating on shares of Johnson Controls International in a research report on Thursday, May 5th. Mizuho decreased their price target on shares of Johnson Controls International from $68.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, July 18th. Finally, Cowen decreased their price target on shares of Johnson Controls International from $86.00 to $70.00 in a research report on Thursday, May 5th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Johnson Controls International presently has an average rating of “Moderate Buy” and a consensus price target of $67.64.
Johnson Controls International Price Performance
Johnson Controls International (NYSE:JCI – Get Rating) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.85 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.85. The firm had revenue of $6.61 billion for the quarter, compared to the consensus estimate of $6.76 billion. Johnson Controls International had a net margin of 4.17% and a return on equity of 11.35%. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.83 earnings per share. Equities analysts expect that Johnson Controls International plc will post 3 earnings per share for the current year.
Johnson Controls International Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Tuesday, June 21st were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.54%. The ex-dividend date was Friday, June 17th. Johnson Controls International’s payout ratio is currently 93.96%.
About Johnson Controls International
Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.
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