Nikko Asset Management Americas Inc. bought a new stake in Johnson Controls International PLC (NYSE:JCI) during the third quarter, Holdings Channel reports. The fund bought 8,700 shares of the company’s stock, valued at approximately $405,000.

Several other institutional investors have also recently bought and sold shares of the company. Compass Capital Management Inc. boosted its position in Johnson Controls International PLC by 5.0% in the second quarter. Compass Capital Management Inc. now owns 464,819 shares of the company’s stock worth $20,573,000 after buying an additional 22,209 shares during the last quarter. Retirement Systems of Alabama boosted its position in Johnson Controls International PLC by 0.3% in the second quarter. Retirement Systems of Alabama now owns 330,547 shares of the company’s stock worth $14,630,000 after buying an additional 1,144 shares during the last quarter. Texas Permanent School Fund boosted its position in Johnson Controls International PLC by 38.2% in the third quarter. Texas Permanent School Fund now owns 290,702 shares of the company’s stock worth $13,526,000 after buying an additional 80,344 shares during the last quarter. Genesee Valley Trust Co. boosted its position in Johnson Controls International PLC by 32.1% in the second quarter. Genesee Valley Trust Co. now owns 11,377 shares of the company’s stock worth $504,000 after buying an additional 2,764 shares during the last quarter. Finally, Edgemoor Investment Advisors Inc. boosted its position in Johnson Controls International PLC by 0.3% in the second quarter. Edgemoor Investment Advisors Inc. now owns 424,490 shares of the company’s stock worth $18,778,000 after buying an additional 1,308 shares during the last quarter. Hedge funds and other institutional investors own 80.14% of the company’s stock.

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

Johnson Controls International PLC (NYSE:JCI) traded down 0.30% during mid-day trading on Friday, hitting $43.66. The company had a trading volume of 4,866,232 shares. Johnson Controls International PLC has a 1-year low of $28.94 and a 1-year high of $48.97. The company has a 50 day moving average of $43.37 and a 200 day moving average of $44.06. The firm’s market capitalization is $40.86 billion.

Johnson Controls International PLC (NYSE:JCI) last announced its earnings results on Tuesday, November 8th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.20. Johnson Controls International PLC had a positive return on equity of 15.76% and a negative net margin of 4.09%. The business earned $10.21 billion during the quarter, compared to analyst estimates of $9.64 billion. During the same quarter in the previous year, the business earned $0.64 earnings per share. The company’s revenue for the quarter was up 16.6% compared to the same quarter last year. Analysts predict that Johnson Controls International PLC will post $2.69 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 6th. Shareholders of record on Wednesday, December 14th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, December 12th. This represents a $1.00 annualized dividend and a dividend yield of 2.29%. Johnson Controls International PLC’s dividend payout ratio (DPR) is presently -208.72%.

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JCI has been the subject of a number of research reports. Wells Fargo & Company reiterated a “market perform” rating on shares of Johnson Controls International PLC in a report on Wednesday, October 12th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $46.00 price objective on shares of Johnson Controls International PLC in a report on Tuesday, November 1st. Sanford C. Bernstein initiated coverage on Johnson Controls International PLC in a research note on Friday, September 16th. They issued an “outperform” rating and a $57.00 target price for the company. Cowen and Company initiated coverage on Johnson Controls International PLC in a research note on Wednesday, September 28th. They issued an “outperform” rating for the company. Finally, RBC Capital Markets reissued a “hold” rating and issued a $46.00 target price on shares of Johnson Controls International PLC in a research note on Thursday, January 5th. Nine equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Johnson Controls International PLC currently has an average rating of “Buy” and a consensus price target of $49.13.

Johnson Controls International PLC Company Profile

Johnson Controls, Inc is a technology company. The Company provides products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles, and seating and interior systems for automobiles. The Company operates in two segments: Building Efficiency and Power Solutions.

5 Day Chart for NYSE:JCI

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