Kornitzer Capital Management Inc. KS decreased its position in shares of Johnson Controls International PLC (NYSE:JCI) by 3.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72,885 shares of the company’s stock after selling 2,743 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Johnson Controls International were worth $3,199,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of JCI. Crossmark Global Holdings Inc. grew its holdings in Johnson Controls International by 1.7% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 75,772 shares of the company’s stock worth $3,130,000 after buying an additional 1,280 shares in the last quarter. Sanders Morris Harris LLC acquired a new stake in Johnson Controls International in the second quarter worth approximately $242,000. Pennsylvania Trust Co lifted its position in Johnson Controls International by 1.5% in the second quarter. Pennsylvania Trust Co now owns 39,676 shares of the company’s stock worth $1,639,000 after purchasing an additional 602 shares during the period. Douglass Winthrop Advisors LLC acquired a new stake in Johnson Controls International in the second quarter worth approximately $871,000. Finally, PFS Investments Inc. lifted its position in Johnson Controls International by 208.2% in the second quarter. PFS Investments Inc. now owns 18,232 shares of the company’s stock worth $763,000 after purchasing an additional 12,316 shares during the period. Hedge funds and other institutional investors own 92.05% of the company’s stock.
In other news, VP Jeffrey M. Williams sold 52,655 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $42.91, for a total value of $2,259,426.05. Following the transaction, the vice president now directly owns 94,506 shares of the company’s stock, valued at $4,055,252.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO George Oliver sold 21,807 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $43.89, for a total transaction of $957,109.23. Insiders sold 177,702 shares of company stock worth $7,716,908 over the last ninety days. 0.50% of the stock is currently owned by company insiders.
Shares of NYSE JCI traded up $0.23 during mid-day trading on Friday, reaching $42.52. The company had a trading volume of 4,832,903 shares, compared to its average volume of 5,578,074. Johnson Controls International PLC has a twelve month low of $28.30 and a twelve month high of $44.82. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.19 and a current ratio of 1.41. The stock has a market capitalization of $34.92 billion, a PE ratio of 15.02, a price-to-earnings-growth ratio of 1.77 and a beta of 0.94. The stock’s 50 day moving average is $42.94 and its 200-day moving average is $41.26.
Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.02. Johnson Controls International had a net margin of 22.38% and a return on equity of 9.02%. The business had revenue of $6.27 billion for the quarter, compared to the consensus estimate of $6.42 billion. During the same period in the prior year, the business posted $0.93 earnings per share. Johnson Controls International’s revenue for the quarter was up 1.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Johnson Controls International PLC will post 1.95 EPS for the current year.
A number of equities research analysts have recently commented on JCI shares. ValuEngine downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Credit Suisse Group increased their price objective on Johnson Controls International from $44.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday. JPMorgan Chase & Co. increased their price objective on Johnson Controls International from $37.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Finally, Argus increased their price objective on Johnson Controls International from $47.00 to $49.00 and gave the company a “buy” rating in a research report on Friday. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $41.78.
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. 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.
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