Fulton Bank N.A. acquired a new position in shares of Johnson Controls International plc (NYSE:JCI – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 9,958 shares of the company’s stock, valued at approximately $679,000.
Several other large investors also recently made changes to their positions in JCI. Norges Bank acquired a new stake in shares of Johnson Controls International in the fourth quarter valued at approximately $419,897,000. Fisher Asset Management LLC boosted its holdings in shares of Johnson Controls International by 107.3% in the first quarter. Fisher Asset Management LLC now owns 11,334,597 shares of the company’s stock valued at $682,569,000 after acquiring an additional 5,865,996 shares in the last quarter. Cullen Capital Management LLC bought a new position in shares of Johnson Controls International in the first quarter valued at approximately $204,537,000. Morgan Stanley boosted its holdings in shares of Johnson Controls International by 40.7% in the fourth quarter. Morgan Stanley now owns 9,990,590 shares of the company’s stock valued at $639,398,000 after acquiring an additional 2,890,395 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Johnson Controls International by 142.9% in the first quarter. American Century Companies Inc. now owns 2,741,258 shares of the company’s stock valued at $164,783,000 after acquiring an additional 1,612,682 shares in the last quarter. Institutional investors and hedge funds own 88.64% of the company’s stock.
Wall Street Analysts Forecast Growth
JCI has been the subject of several recent analyst reports. Royal Bank of Canada decreased their price objective on shares of Johnson Controls International from $68.00 to $67.00 and set a “sector perform” rating for the company in a report on Thursday, August 3rd. Oppenheimer decreased their price objective on shares of Johnson Controls International from $79.00 to $78.00 and set an “outperform” rating for the company in a report on Thursday, August 3rd. StockNews.com began coverage on shares of Johnson Controls International in a report on Thursday, August 17th. They set a “buy” rating for the company. Morgan Stanley reduced their target price on shares of Johnson Controls International from $77.00 to $73.00 and set an “overweight” rating for the company in a report on Thursday, August 3rd. Finally, Barclays reduced their target price on shares of Johnson Controls International from $69.00 to $66.00 in a report on Thursday, September 7th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $71.08.
Johnson Controls International Price Performance
JCI opened at $57.13 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 0.49. Johnson Controls International plc has a 1 year low of $48.82 and a 1 year high of $70.43. The stock has a fifty day moving average price of $62.73 and a 200 day moving average price of $62.01. The stock has a market cap of $38.87 billion, a price-to-earnings ratio of 19.11, a PEG ratio of 1.14 and a beta of 1.25.
Johnson Controls International (NYSE:JCI – Get Free Report) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $1.03 EPS for the quarter, meeting the consensus estimate of $1.03. The business had revenue of $7.13 billion during the quarter, compared to analysts’ expectations of $7.20 billion. Johnson Controls International had a return on equity of 13.69% and a net margin of 7.74%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.85 EPS. Analysts forecast that Johnson Controls International plc will post 3.55 EPS for the current fiscal year.
Johnson Controls International Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Monday, September 25th will be given a $0.37 dividend. The ex-dividend date of this dividend is Friday, September 22nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.59%. Johnson Controls International’s dividend payout ratio is currently 49.50%.
In other Johnson Controls International news, CEO George Oliver sold 103,332 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $59.23, for a total transaction of $6,120,354.36. Following the transaction, the chief executive officer now owns 979,759 shares in the company, valued at $58,031,125.57. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.71% of the stock is currently owned by insiders.
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.
- Five stocks we like better than Johnson Controls International
- Profitably Trade Stocks at 52-Week Highs
- 5 Reasons Apple’s New Phone Moves the Needle: 5 That It Won’t
- Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?
- MarketBeat Week in Review – 9/11 – 9/15
- How to Invest in Energy
- China’s Jump In Car Sales Is Drawing Big Money To These Stocks
Receive News & Ratings for Johnson Controls International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Johnson Controls International and related companies with MarketBeat.com's FREE daily email newsletter.