Johnson Controls International PLC (JCI) Position Raised by Bollard Group LLC

Bollard Group LLC boosted its stake in Johnson Controls International PLC (NYSE:JCI) by 3.3% during the fourth quarter, HoldingsChannel reports. The firm owned 78,022 shares of the company’s stock after buying an additional 2,497 shares during the period. Bollard Group LLC’s holdings in Johnson Controls International were worth $2,313,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Johnson Controls International by 1.3% in the third quarter. Vanguard Group Inc. now owns 67,459,746 shares of the company’s stock valued at $2,361,091,000 after purchasing an additional 857,281 shares in the last quarter. Vanguard Group Inc raised its stake in Johnson Controls International by 1.3% in the third quarter. Vanguard Group Inc now owns 67,459,746 shares of the company’s stock valued at $2,361,091,000 after purchasing an additional 857,281 shares in the last quarter. BlackRock Inc. raised its stake in Johnson Controls International by 13.0% in the third quarter. BlackRock Inc. now owns 59,977,232 shares of the company’s stock valued at $2,099,204,000 after purchasing an additional 6,907,864 shares in the last quarter. Franklin Resources Inc. raised its stake in Johnson Controls International by 13.0% in the third quarter. Franklin Resources Inc. now owns 24,324,526 shares of the company’s stock valued at $851,362,000 after purchasing an additional 2,803,639 shares in the last quarter. Finally, Clearbridge Investments LLC raised its stake in Johnson Controls International by 3.1% in the third quarter. Clearbridge Investments LLC now owns 22,767,071 shares of the company’s stock valued at $796,847,000 after purchasing an additional 693,295 shares in the last quarter. 93.22% of the stock is currently owned by institutional investors and hedge funds.

JCI stock opened at $34.00 on Monday. The company has a market cap of $31.03 billion, a price-to-earnings ratio of 12.01, a price-to-earnings-growth ratio of 1.71 and a beta of 1.05. Johnson Controls International PLC has a one year low of $28.30 and a one year high of $40.33. The company has a current ratio of 1.03, a quick ratio of 0.85 and a debt-to-equity ratio of 0.45.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Friday, February 1st. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.24 by $0.02. Johnson Controls International had a net margin of 7.77% and a return on equity of 10.73%. The firm had revenue of $5.46 billion for the quarter, compared to the consensus estimate of $5.47 billion. During the same period last year, the firm posted $0.54 earnings per share. The business’s revenue was up 3.0% compared to the same quarter last year. On average, analysts anticipate that Johnson Controls International PLC will post 1.81 EPS for the current year.

Johnson Controls International declared that its Board of Directors has initiated a stock repurchase program on Thursday, November 8th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 3.2% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

A number of brokerages recently weighed in on JCI. Oppenheimer lowered their target price on shares of Johnson Controls International from $44.00 to $39.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 14th. TheStreet downgraded shares of Johnson Controls International from a “b-” rating to a “c+” rating in a research note on Tuesday, October 30th. Zacks Investment Research reissued a “hold” rating on shares of Johnson Controls International in a research note on Tuesday, November 13th. OTR Global downgraded shares of Johnson Controls International to a “positive” rating in a research note on Friday, January 18th. Finally, ValuEngine raised shares of Johnson Controls International from a “sell” rating to a “hold” rating in a research note on Friday. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. Johnson Controls International currently has a consensus rating of “Hold” and an average price target of $38.50.

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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. 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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Institutional Ownership by Quarter for Johnson Controls International (NYSE:JCI)

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