Parametric Portfolio Associates LLC boosted its position in Johnson Controls International PLC (NYSE:JCI) by 13.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,226,715 shares of the company’s stock after acquiring an additional 270,448 shares during the period. Parametric Portfolio Associates LLC’s holdings in Johnson Controls International were worth $91,986,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Bank of Montreal Can raised its stake in Johnson Controls International by 3.6% in the 2nd quarter. Bank of Montreal Can now owns 1,271,118 shares of the company’s stock valued at $52,509,000 after acquiring an additional 44,072 shares during the period. Independent Advisor Alliance raised its stake in Johnson Controls International by 207.0% in the 2nd quarter. Independent Advisor Alliance now owns 18,086 shares of the company’s stock valued at $747,000 after acquiring an additional 12,195 shares during the period. Redpoint Investment Management Pty Ltd raised its stake in Johnson Controls International by 17.7% in the 2nd quarter. Redpoint Investment Management Pty Ltd now owns 69,331 shares of the company’s stock valued at $2,864,000 after acquiring an additional 10,420 shares during the period. Trillium Asset Management LLC raised its stake in Johnson Controls International by 6.6% in the 1st quarter. Trillium Asset Management LLC now owns 159,591 shares of the company’s stock valued at $5,895,000 after acquiring an additional 9,863 shares during the period. Finally, MML Investors Services LLC raised its stake in Johnson Controls International by 11.6% in the 1st quarter. MML Investors Services LLC now owns 22,717 shares of the company’s stock valued at $839,000 after acquiring an additional 2,357 shares during the period. Institutional investors and hedge funds own 91.83% of the company’s stock.
In other news, CEO George Oliver sold 11,238 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $41.67, for a total transaction of $468,287.46. Following the completion of the transaction, the chief executive officer now owns 875,511 shares of the company’s stock, valued at $36,482,543.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jeffrey M. Williams sold 70,762 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $41.59, for a total value of $2,942,991.58. Following the transaction, the vice president now directly owns 234,236 shares of the company’s stock, valued at approximately $9,741,875.24. The disclosure for this sale can be found here. Insiders have sold 185,819 shares of company stock valued at $7,833,310 in the last three months. 0.50% of the stock is owned by insiders.
Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.02. Johnson Controls International had a return on equity of 9.02% and a net margin of 22.38%. The firm had revenue of $6.45 billion for the quarter, compared to analysts’ expectations of $6.33 billion. During the same period in the prior year, the business posted $0.81 earnings per share. The company’s revenue was up 2.7% on a year-over-year basis. Sell-side analysts forecast that Johnson Controls International PLC will post 1.95 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Monday, September 16th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.36%. The ex-dividend date is Friday, September 13th. Johnson Controls International’s payout ratio is 36.75%.
A number of equities research analysts recently issued reports on the company. Barclays assumed coverage on Johnson Controls International in a research note on Wednesday, June 12th. They issued an “equal weight” rating and a $39.00 price objective on the stock. Zacks Investment Research upgraded Johnson Controls International from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research report on Monday, July 1st. JPMorgan Chase & Co. upgraded Johnson Controls International from an “underweight” rating to a “neutral” rating and upped their price target for the company from $31.00 to $35.00 in a research report on Monday, July 8th. Citigroup began coverage on Johnson Controls International in a research report on Wednesday, June 5th. They set a “buy” rating and a $45.00 price target on the stock. Finally, ValuEngine cut Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $39.22.
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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