Manning & Napier Group LLC increased its position in Johnson Controls International PLC (NYSE:JCI) by 35.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 191,121 shares of the auto parts company’s stock after purchasing an additional 50,537 shares during the quarter. Manning & Napier Group LLC’s holdings in Johnson Controls International were worth $6,688,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the stock. Atria Investments LLC grew its stake in Johnson Controls International by 7.2% in the second quarter. Atria Investments LLC now owns 23,502 shares of the auto parts company’s stock worth $786,000 after purchasing an additional 1,575 shares in the last quarter. Wetherby Asset Management Inc. lifted its holdings in Johnson Controls International by 12.9% during the second quarter. Wetherby Asset Management Inc. now owns 15,181 shares of the auto parts company’s stock worth $508,000 after buying an additional 1,732 shares during the period. Sigma Planning Corp lifted its holdings in Johnson Controls International by 9.6% during the second quarter. Sigma Planning Corp now owns 20,685 shares of the auto parts company’s stock worth $692,000 after buying an additional 1,820 shares during the period. Pennsylvania Trust Co lifted its holdings in Johnson Controls International by 3.0% during the second quarter. Pennsylvania Trust Co now owns 61,976 shares of the auto parts company’s stock worth $2,073,000 after buying an additional 1,825 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. lifted its holdings in Johnson Controls International by 3.7% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 51,549 shares of the auto parts company’s stock worth $1,813,000 after buying an additional 1,840 shares during the period. 92.89% of the stock is currently owned by institutional investors.
Shares of JCI opened at $32.96 on Friday. Johnson Controls International PLC has a 12 month low of $32.35 and a 12 month high of $42.60. The company has a quick ratio of 0.79, a current ratio of 1.10 and a debt-to-equity ratio of 0.48. The firm has a market cap of $32.37 billion, a PE ratio of 12.50, a price-to-earnings-growth ratio of 1.13 and a beta of 0.85.
Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Tuesday, July 31st. The auto parts company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.79 by $0.02. Johnson Controls International had a return on equity of 11.84% and a net margin of 7.27%. The firm had revenue of $8.12 billion during the quarter, compared to analyst estimates of $7.96 billion. During the same quarter in the prior year, the business posted $0.71 EPS. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. Analysts forecast that Johnson Controls International PLC will post 2.81 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Monday, September 24th were issued a dividend of $0.26 per share. The ex-dividend date was Friday, September 21st. This represents a $1.04 annualized dividend and a dividend yield of 3.16%. Johnson Controls International’s dividend payout ratio is presently 40.00%.
A number of analysts have weighed in on the company. Wells Fargo & Co lowered their target price 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. Royal Bank of Canada restated a “sell” rating and set a $34.00 target price on shares of Johnson Controls International in a report on Wednesday, August 1st. UBS Group lowered Johnson Controls International from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $44.00 to $40.00 in a report on Tuesday, September 11th. Citigroup upped their target price on Johnson Controls International from $45.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday, August 2nd. Finally, Zacks Investment Research upgraded Johnson Controls International from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $41.27.
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. 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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