Bank of Montreal Can lifted its holdings in Johnson Controls International PLC (NYSE:JCI) by 26.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,125,275 shares of the auto parts company’s stock after purchasing an additional 235,826 shares during the quarter. Bank of Montreal Can owned 0.12% of Johnson Controls International worth $39,385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also bought and sold shares of the company. First PREMIER Bank purchased a new stake in Johnson Controls International in the second quarter worth about $118,000. FTB Advisors Inc. purchased a new stake in Johnson Controls International in the second quarter worth about $138,000. Point72 Hong Kong Ltd purchased a new stake in Johnson Controls International in the second quarter worth about $156,000. Bayesian Capital Management LP purchased a new stake in Johnson Controls International in the first quarter worth about $211,000. Finally, Hartland & Co. LLC purchased a new stake in Johnson Controls International in the second quarter worth about $212,000. Hedge funds and other institutional investors own 92.83% of the company’s stock.
A number of brokerages have commented on JCI. Morgan Stanley set a $35.00 price target on Johnson Controls International and gave the stock a “hold” rating in a research report on Friday, November 2nd. TheStreet lowered Johnson Controls International from a “b-” rating to a “c+” rating in a research note on Tuesday, October 30th. Credit Suisse Group began coverage on Johnson Controls International in a research note on Friday, October 12th. They issued a “neutral” rating and a $37.00 price objective for the company. Wells Fargo & Co dropped their price objective on Johnson Controls International from $41.00 to $38.00 and set a “market perform” rating for the company in a research note on Friday, September 28th. Finally, JPMorgan Chase & Co. lowered Johnson Controls International from a “neutral” rating to an “underweight” rating and set a $44.00 price objective for the company. in a research note on Friday, September 21st. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $40.29.
Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Thursday, November 8th. The auto parts company reported $0.93 earnings per share for the quarter, hitting the consensus estimate of $0.93. Johnson Controls International had a return on equity of 11.84% and a net margin of 7.27%. The firm had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $8.28 billion. During the same period in the prior year, the business posted $0.87 earnings per share. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. Sell-side analysts predict that Johnson Controls International PLC will post 2.97 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Shareholders of record on Monday, September 24th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, September 21st. This represents a $1.04 annualized dividend and a yield of 3.03%.
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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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