Oppenheimer Asset Management Inc. reduced its stake in shares of Johnson Controls International PLC (NYSE:JCI) by 10.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 332,649 shares of the company’s stock after selling 38,041 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Johnson Controls International were worth $9,863,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of JCI. Moody National Bank Trust Division grew its position in shares of Johnson Controls International by 537.6% during the 4th 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. Private Capital Group LLC grew its position in shares of Johnson Controls International by 15.8% during the 4th quarter. Private Capital Group LLC now owns 2,653 shares of the company’s stock worth $79,000 after buying an additional 362 shares during the period. CKW Financial Group lifted its holdings in shares of Johnson Controls International by 24.7% during the 4th quarter. CKW Financial Group now owns 3,531 shares of the company’s stock valued at $105,000 after purchasing an additional 700 shares in the last quarter. TRUE Private Wealth Advisors bought a new position in shares of Johnson Controls International during the 3rd quarter valued at about $131,000. Finally, TLP Group LLC bought a new position in shares of Johnson Controls International during the 3rd quarter valued at about $141,000. Institutional investors own 93.28% of the company’s stock.
Several equities analysts have recently weighed in on the company. Zacks Investment Research reiterated a “hold” rating on shares of Johnson Controls International in a report on Tuesday, November 13th. Oppenheimer cut their price objective on Johnson Controls International from $44.00 to $39.00 and set an “outperform” rating on the stock in a report on Wednesday, November 14th. Citigroup cut their price objective on Johnson Controls International from $46.00 to $43.00 and set a “buy” rating on the stock in a report on Friday, November 16th. Credit Suisse Group assumed coverage on Johnson Controls International in a report on Friday, October 12th. They set a “neutral” rating and a $37.00 price objective on the stock. Finally, OTR Global cut Johnson Controls International to a “positive” rating in a report on Friday, January 18th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $38.50.
Johnson Controls International (NYSE:JCI) last released its earnings results on Thursday, November 8th. The company reported $0.93 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.93. The firm had revenue of $8.37 billion for the quarter, compared to analysts’ expectations of $8.28 billion. Johnson Controls International had a return on equity of 11.92% and a net margin of 6.89%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.87 EPS. As a group, equities analysts expect that Johnson Controls International PLC will post 1.93 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, January 11th. Shareholders of record on Monday, December 17th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 3.16%. The ex-dividend date was Friday, December 14th. Johnson Controls International’s payout ratio is 36.75%.
Johnson Controls International announced that its board has approved a stock buyback plan on Thursday, November 8th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 3.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.
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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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