Synovus Financial Corp raised its stake in Johnson Controls International PLC (NYSE:JCI) by 87.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,282 shares of the auto parts company’s stock after purchasing an additional 2,469 shares during the period. Synovus Financial Corp’s holdings in Johnson Controls International were worth $186,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the business. State of Alaska Department of Revenue grew its holdings in Johnson Controls International by 27.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 148,268 shares of the auto parts company’s stock worth $4,957,000 after acquiring an additional 31,496 shares during the period. Pennsylvania Trust Co grew its holdings in Johnson Controls International by 3.0% during the 2nd quarter. Pennsylvania Trust Co now owns 61,976 shares of the auto parts company’s stock worth $2,073,000 after acquiring an additional 1,825 shares during the period. Gateway Investment Advisers LLC acquired a new stake in Johnson Controls International during the 2nd quarter worth about $15,296,000. Manning & Napier Group LLC acquired a new stake in Johnson Controls International during the 2nd quarter worth about $4,702,000. Finally, Atria Investments LLC grew its holdings in Johnson Controls International by 7.2% during the 2nd quarter. Atria Investments LLC now owns 23,502 shares of the auto parts company’s stock worth $786,000 after acquiring an additional 1,575 shares during the period. Institutional investors own 92.83% of the company’s stock.
A number of analysts have weighed in on JCI shares. Wells Fargo & Co decreased their price target on Johnson Controls International from $41.00 to $38.00 and set a “market perform” rating for the company in a report on Friday, September 28th. Morgan Stanley started coverage on Johnson Controls International in a report on Monday, August 20th. They set an “equal weight” rating and a $40.00 price target for the company. Zacks Investment Research downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a report on Monday, July 16th. JPMorgan Chase & Co. downgraded Johnson Controls International from a “neutral” rating to an “underweight” rating and set a $44.00 price target for the company. in a report on Friday, September 21st. Finally, Royal Bank of Canada reiterated a “sell” rating and set a $31.00 price target on shares of Johnson Controls International in a report on Friday, July 13th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $40.29.
Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Thursday, November 8th. The auto parts company reported $0.93 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.93. The company had revenue of $8.37 billion for the quarter, compared to analysts’ expectations of $8.28 billion. Johnson Controls International had a net margin of 7.27% and a return on equity of 11.84%. The business’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.87 EPS. As a group, sell-side analysts expect that Johnson Controls International PLC will post 2.97 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Monday, September 24th were given a dividend of $0.26 per share. The ex-dividend date was Friday, September 21st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.03%.
Johnson Controls International 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. It designs, sells, controls, installs heating, ventilating, and air conditioning systems. The company also provides residential air conditioning and heating systems, and industrial refrigeration products, as well as technical and energy management consulting services.
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