Haverford Trust Co. increased its position in Johnson Controls International PLC (NYSE:JCI) by 44.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 588,348 shares of the company’s stock after acquiring an additional 182,027 shares during the period. Haverford Trust Co.’s holdings in Johnson Controls International were worth $21,734,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Creative Financial Designs Inc. ADV lifted its holdings in shares of Johnson Controls International by 155.6% in the first quarter. Creative Financial Designs Inc. ADV now owns 667 shares of the company’s stock valued at $25,000 after buying an additional 406 shares during the period. Horan Capital Advisors LLC. acquired a new stake in shares of Johnson Controls International in the first quarter valued at $25,000. Paragon Capital Management LLC acquired a new stake in shares of Johnson Controls International in the first quarter valued at $31,000. Financial Gravity Companies Inc. acquired a new stake in shares of Johnson Controls International in the fourth quarter valued at $32,000. Finally, Truvestments Capital LLC acquired a new stake in shares of Johnson Controls International in the first quarter valued at $35,000. Institutional investors and hedge funds own 90.56% of the company’s stock.
JCI has been the subject of several research analyst reports. TheStreet upgraded Johnson Controls International from a “c+” rating to a “b-” rating in a report on Thursday, May 9th. Zacks Investment Research raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Tuesday, May 7th. Cowen reaffirmed a “hold” rating and set a $32.00 target price (down from $38.00) on shares of Johnson Controls International in a research report on Friday, February 15th. ValuEngine raised Johnson Controls International from a “sell” rating to a “hold” rating in a research report on Friday, February 8th. Finally, Credit Suisse Group began coverage on Johnson Controls International in a research report on Monday, May 13th. They set a “neutral” rating and a $42.00 target price on the stock. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. Johnson Controls International has a consensus rating of “Hold” and a consensus price target of $39.45.
Shares of Johnson Controls International stock opened at $38.51 on Friday. The firm has a market cap of $34.58 billion, a PE ratio of 13.61, a P/E/G ratio of 2.12 and a beta of 1.06. The company has a current ratio of 0.95, a quick ratio of 0.80 and a debt-to-equity ratio of 0.40. Johnson Controls International PLC has a 12-month low of $28.30 and a 12-month high of $40.33.
Johnson Controls International (NYSE:JCI) last announced its earnings results on Wednesday, May 1st. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. The company had revenue of $5.78 billion for the quarter, compared to analyst estimates of $5.79 billion. Johnson Controls International had a return on equity of 9.85% and a net margin of 8.52%. Johnson Controls International’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.54 earnings per share. Equities research analysts predict that Johnson Controls International PLC will post 1.93 EPS for the current fiscal year.
Johnson Controls International declared that its board has authorized a stock repurchase plan on Thursday, March 7th that allows the company to buyback $8.50 billion in outstanding shares. This buyback authorization allows the company to purchase up to 26% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.
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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