Squarepoint Ops LLC lowered its position in shares of Johnson Controls International PLC (NYSE:JCI) by 53.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 154,678 shares of the company’s stock after selling 180,865 shares during the quarter. Squarepoint Ops LLC’s holdings in Johnson Controls International were worth $6,789,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the business. Putnam Investments LLC boosted its position in shares of Johnson Controls International by 10.1% in the 2nd quarter. Putnam Investments LLC now owns 6,598,243 shares of the company’s stock worth $272,573,000 after purchasing an additional 606,217 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of Johnson Controls International by 254.1% in the 2nd quarter. Prudential Financial Inc. now owns 3,988,710 shares of the company’s stock worth $164,774,000 after buying an additional 2,862,413 shares during the last quarter. Schafer Cullen Capital Management Inc grew its stake in shares of Johnson Controls International by 24.1% in the 2nd quarter. Schafer Cullen Capital Management Inc now owns 3,971,119 shares of the company’s stock worth $164,960,000 after buying an additional 770,038 shares during the last quarter. Great West Life Assurance Co. Can grew its stake in shares of Johnson Controls International by 4.9% in the 3rd quarter. Great West Life Assurance Co. Can now owns 3,808,049 shares of the company’s stock worth $167,292,000 after buying an additional 179,223 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its position in Johnson Controls International by 13,437.3% during the 2nd quarter. Nuveen Asset Management LLC now owns 3,103,696 shares of the company’s stock valued at $128,213,000 after buying an additional 3,080,769 shares in the last quarter. 89.34% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE JCI opened at $42.27 on Tuesday. The firm’s 50 day moving average price is $42.73 and its 200-day moving average price is $41.75. The company has a market cap of $33.04 billion, a PE ratio of 21.57, a P/E/G ratio of 1.75 and a beta of 0.94. Johnson Controls International PLC has a 52-week low of $28.30 and a 52-week high of $44.82. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.17 and a current ratio of 1.37.
Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.02. Johnson Controls International had a net margin of 23.67% and a return on equity of 8.04%. The company had revenue of $6.27 billion during the quarter, compared to the consensus estimate of $6.42 billion. During the same quarter last year, the firm earned $0.93 earnings per share. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, analysts forecast that Johnson Controls International PLC will post 2.54 earnings per share for the current fiscal year.
In other Johnson Controls International news, VP Jeffrey M. Williams sold 52,655 shares of Johnson Controls International stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $42.91, for a total value of $2,259,426.05. Following the completion of the sale, the vice president now owns 94,506 shares of the company’s stock, valued at approximately $4,055,252.46. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Rodney M. Rushing sold 13,908 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $42.88, for a total value of $596,375.04. Following the completion of the transaction, the insider now owns 16,767 shares of the company’s stock, valued at approximately $718,968.96. The disclosure for this sale can be found here. Insiders sold a total of 167,180 shares of company stock worth $7,272,445 over the last ninety days. 0.50% of the stock is currently owned by insiders.
Several equities research analysts have commented on JCI shares. Barclays reissued a “hold” rating and issued a $43.00 target price on shares of Johnson Controls International in a report on Sunday, November 10th. JPMorgan Chase & Co. raised their price target on Johnson Controls International from $37.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $41.29.
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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