Jennison Associates LLC Increases Stake in Johnson Controls International PLC (NYSE:JCI)

Share on StockTwits

Jennison Associates LLC raised its stake in shares of Johnson Controls International PLC (NYSE:JCI) by 14.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,986,114 shares of the company’s stock after buying an additional 243,811 shares during the quarter. Jennison Associates LLC owned about 0.22% of Johnson Controls International worth $82,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Cornerstone Advisors Inc. grew its holdings in Johnson Controls International by 9.5% during the 2nd quarter. Cornerstone Advisors Inc. now owns 2,805 shares of the company’s stock valued at $116,000 after buying an additional 244 shares in the last quarter. Wrapmanager Inc. boosted its position in shares of Johnson Controls International by 1.5% during the 2nd quarter. Wrapmanager Inc. now owns 19,869 shares of the company’s stock valued at $821,000 after acquiring an additional 288 shares during the last quarter. Signaturefd LLC boosted its position in shares of Johnson Controls International by 7.7% during the 2nd quarter. Signaturefd LLC now owns 4,177 shares of the company’s stock valued at $173,000 after acquiring an additional 299 shares during the last quarter. Oakworth Capital Inc. boosted its position in shares of Johnson Controls International by 21.2% during the 2nd quarter. Oakworth Capital Inc. now owns 1,721 shares of the company’s stock valued at $71,000 after acquiring an additional 301 shares during the last quarter. Finally, Bollard Group LLC boosted its position in shares of Johnson Controls International by 0.4% during the 1st quarter. Bollard Group LLC now owns 78,352 shares of the company’s stock valued at $2,894,000 after acquiring an additional 330 shares during the last quarter. 98.20% of the stock is owned by institutional investors and hedge funds.

JCI traded down $0.84 during trading on Friday, reaching $41.29. The company had a trading volume of 6,208,339 shares, compared to its average volume of 4,501,414. The stock has a market cap of $33.52 billion, a P/E ratio of 14.59, a PEG ratio of 2.25 and a beta of 0.94. The business has a 50 day simple moving average of $41.76 and a 200-day simple moving average of $38.54. Johnson Controls International PLC has a 52 week low of $28.30 and a 52 week high of $43.22. The company has a quick ratio of 1.19, a current ratio of 1.41 and a debt-to-equity ratio of 0.32.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. The company had revenue of $6.45 billion during the quarter, compared to the consensus estimate of $6.33 billion. Johnson Controls International had a return on equity of 9.02% and a net margin of 22.38%. Johnson Controls International’s revenue was up 2.7% on a year-over-year basis. During the same period last year, the company earned $0.81 earnings per share. As a group, equities research analysts expect that Johnson Controls International PLC will post 1.94 EPS for the current fiscal year.

In related news, VP Robert M. Vanhimbergen sold 2,300 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $42.05, for a total value of $96,715.00. Following the completion of the sale, the vice president now directly owns 20,024 shares in the company, valued at $842,009.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO George Oliver sold 11,238 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $41.67, for a total value of $468,287.46. Following the completion of the sale, the chief executive officer now owns 875,511 shares in the company, valued at approximately $36,482,543.37. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 117,830 shares of company stock valued at $4,879,558. 0.50% of the stock is owned by corporate insiders.

A number of research analysts have recently commented on the company. Credit Suisse Group assumed coverage on Johnson Controls International in a research report on Monday, May 13th. They set a “neutral” rating and a $42.00 target price for the company. TheStreet upgraded Johnson Controls International from a “c+” rating to a “b-” rating in a research report on Thursday, May 9th. ValuEngine downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research upgraded Johnson Controls International from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Monday, July 1st. Finally, Barclays assumed coverage on Johnson Controls International in a research report on Wednesday, June 12th. They set an “equal weight” rating and a $39.00 target price for the company. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $39.30.

About Johnson Controls International

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.

Recommended Story: Why do companies issue convertible shares?

Want to see what other hedge funds are holding JCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Johnson Controls International PLC (NYSE:JCI).

Institutional Ownership by Quarter for Johnson Controls International (NYSE:JCI)

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.



Latest News

Swiss National Bank Buys 4,900 Shares of ChannelAdvisor Corp
Swiss National Bank Buys 4,900 Shares of ChannelAdvisor Corp
Doheny Asset Management CA Buys 960 Shares of AT&T Inc.
Doheny Asset Management CA Buys 960 Shares of AT&T Inc.
Doheny Asset Management CA Buys 2,865 Shares of Xilinx, Inc.
Doheny Asset Management CA Buys 2,865 Shares of Xilinx, Inc.
$1.31 EPS Expected for Microchip Technology Inc.  This Quarter
$1.31 EPS Expected for Microchip Technology Inc. This Quarter
Doheny Asset Management CA Has $387,000 Stock Holdings in Lowe’s Companies, Inc.
Doheny Asset Management CA Has $387,000 Stock Holdings in Lowe’s Companies, Inc.
-$0.63 Earnings Per Share Expected for Instructure Inc  This Quarter
-$0.63 Earnings Per Share Expected for Instructure Inc This Quarter


© 2006-2019 Ticker Report