Squarepoint Ops LLC acquired a new position in shares of Johnson Controls International plc (NYSE:JCI) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 18,963 shares of the company’s stock, valued at approximately $883,000.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. New England Asset Management Inc. increased its position in Johnson Controls International by 35.7% during the fourth quarter. New England Asset Management Inc. now owns 30,012 shares of the company’s stock worth $1,398,000 after purchasing an additional 7,900 shares during the last quarter. Glenmede Trust Co. NA increased its position in shares of Johnson Controls International by 99.2% during the fourth quarter. Glenmede Trust Co. NA now owns 32,341 shares of the company’s stock valued at $1,506,000 after acquiring an additional 16,105 shares during the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of Johnson Controls International during the fourth quarter valued at about $5,128,000. Morgan Stanley increased its position in shares of Johnson Controls International by 32.1% during the fourth quarter. Morgan Stanley now owns 3,467,177 shares of the company’s stock valued at $161,536,000 after acquiring an additional 842,733 shares during the last quarter. Finally, ADE LLC acquired a new stake in shares of Johnson Controls International during the fourth quarter valued at about $139,000. Hedge funds and other institutional investors own 89.61% of the company’s stock.
In other Johnson Controls International news, VP Robert M. Vanhimbergen sold 13,500 shares of the company’s stock in a transaction dated Wednesday, March 3rd. The shares were sold at an average price of $57.67, for a total value of $778,545.00. Following the transaction, the vice president now directly owns 46,923 shares in the company, valued at approximately $2,706,049.41. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Sreeganesh Ramaswamy sold 5,000 shares of the company’s stock in a transaction dated Monday, January 11th. The shares were sold at an average price of $50.87, for a total transaction of $254,350.00. Following the completion of the transaction, the vice president now owns 76,183 shares in the company, valued at $3,875,429.21. The disclosure for this sale can be found here. Insiders sold a total of 28,500 shares of company stock worth $1,573,345 over the last quarter. Insiders own 0.61% of the company’s stock.
Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Thursday, January 28th. The company reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.03. Johnson Controls International had a net margin of 2.83% and a return on equity of 8.72%. The business had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.27 billion. During the same period in the prior year, the company posted $0.40 EPS. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. Sell-side analysts predict that Johnson Controls International plc will post 2.47 EPS for the current year.
Johnson Controls International declared that its board has approved a share buyback plan on Thursday, March 11th that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 9% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 16th. Investors of record on Monday, March 22nd will be given a $0.27 dividend. The ex-dividend date is Friday, March 19th. This is a positive change from Johnson Controls International’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a dividend yield of 1.80%. Johnson Controls International’s payout ratio is currently 48.21%.
JCI has been the subject of a number of recent analyst reports. Barclays lifted their price target on shares of Johnson Controls International from $56.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday. Atlantic Securities raised shares of Johnson Controls International from a “neutral” rating to an “overweight” rating and set a $56.00 price objective for the company in a research note on Wednesday, December 9th. Morgan Stanley raised shares of Johnson Controls International from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $52.00 to $73.00 in a research note on Monday, March 29th. HSBC lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $52.00 price objective for the company. in a research note on Monday, January 11th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell downgraded shares of Johnson Controls International from a “buy” rating to a “neutral” rating and set a $51.00 price target for the company. in a research note on Monday, December 14th. Ten equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $49.05.
Johnson Controls International Company Profile
Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. It operates through Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products segments. The company designs, sells, installs, and services heating, ventilating, air conditioning, controls, refrigeration, integrated electronic security, 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, as well as data-driven smart building solutions to non-residential building and industrial applications.
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