Mirae Asset Global Investments Co. Ltd. lowered its stake in Johnson Controls International plc (NYSE:JCI – Get Rating) by 54.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 242,009 shares of the company’s stock after selling 287,071 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Johnson Controls International were worth $15,869,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. GPS Wealth Strategies Group LLC lifted its stake in shares of Johnson Controls International by 722.8% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 469 shares of the company’s stock valued at $31,000 after purchasing an additional 412 shares during the period. Motco increased its position in shares of Johnson Controls International by 121.2% in the 1st quarter. Motco now owns 480 shares of the company’s stock valued at $31,000 after buying an additional 263 shares in the last quarter. DeDora Capital Inc. bought a new stake in shares of Johnson Controls International in the 1st quarter valued at $33,000. Byrne Asset Management LLC bought a new stake in shares of Johnson Controls International in the 4th quarter valued at $41,000. Finally, Salem Investment Counselors Inc. increased its position in shares of Johnson Controls International by 152.4% in the 1st quarter. Salem Investment Counselors Inc. now owns 588 shares of the company’s stock valued at $39,000 after buying an additional 355 shares in the last quarter. Institutional investors and hedge funds own 88.79% of the company’s stock.
Wall Street Analyst Weigh In
JCI has been the subject of a number of recent analyst reports. StockNews.com cut shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Monday, August 29th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Johnson Controls International from $70.00 to $61.00 in a research report on Wednesday, July 13th. The Goldman Sachs Group lowered their price objective on shares of Johnson Controls International from $73.00 to $62.00 and set a “buy” rating for the company in a research report on Thursday, June 23rd. Oppenheimer upped their price objective on shares of Johnson Controls International from $62.00 to $63.00 and gave the company an “outperform” rating in a research report on Monday, August 8th. Finally, Jefferies Financial Group lowered their target price on Johnson Controls International from $70.00 to $65.00 in a report on Friday, July 15th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $67.71.
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 for the quarter, meeting the consensus estimate of $0.85. The company had revenue of $6.61 billion during the quarter, compared to analysts’ expectations of $6.76 billion. Johnson Controls International had a return on equity of 11.35% and a net margin of 4.17%. Johnson Controls International’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.83 EPS. As a group, sell-side analysts predict that Johnson Controls International plc will post 3 earnings per share for the current fiscal year.
Johnson Controls International Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Monday, September 26th will be paid a $0.35 dividend. The ex-dividend date is Friday, September 23rd. This represents a $1.40 annualized dividend and a yield of 2.61%. Johnson Controls International’s dividend payout ratio (DPR) 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.
- Get a free copy of the StockNews.com research report on Johnson Controls International (JCI)
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