Cove Street Capital LLC increased its position in shares of Johnson Controls International PLC (NYSE:JCI) by 1.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 122,360 shares of the auto parts company’s stock after purchasing an additional 1,900 shares during the period. Cove Street Capital LLC’s holdings in Johnson Controls International were worth $4,093,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Newport Trust Co acquired a new stake in shares of Johnson Controls International during the second quarter valued at about $316,198,000. Kiltearn Partners LLP acquired a new stake in shares of Johnson Controls International during the first quarter valued at about $147,481,000. Parnassus Investments CA acquired a new stake in shares of Johnson Controls International during the second quarter valued at about $66,900,000. Aristotle Capital Management LLC increased its position in shares of Johnson Controls International by 16.1% during the first quarter. Aristotle Capital Management LLC now owns 9,132,792 shares of the auto parts company’s stock valued at $321,840,000 after acquiring an additional 1,266,163 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Johnson Controls International by 23.4% during the first quarter. Dimensional Fund Advisors LP now owns 4,543,822 shares of the auto parts company’s stock valued at $160,124,000 after acquiring an additional 861,634 shares during the last quarter. Hedge funds and other institutional investors own 92.89% of the company’s stock.
NYSE JCI opened at $37.77 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 1.10 and a debt-to-equity ratio of 0.48. Johnson Controls International PLC has a one year low of $32.89 and a one year high of $42.60. The company has a market capitalization of $34.93 billion, a PE ratio of 13.73, a price-to-earnings-growth ratio of 1.22 and a beta of 0.86.
Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Tuesday, July 31st. The auto parts company reported $0.81 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.02. Johnson Controls International had a net margin of 7.27% and a return on equity of 11.84%. The business had revenue of $8.12 billion during the quarter, compared to analyst estimates of $7.96 billion. During the same quarter last year, the firm posted $0.71 earnings per share. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. equities research analysts anticipate that Johnson Controls International PLC will post 2.81 earnings per share for the current year.
A number of equities research analysts have weighed in on JCI shares. ValuEngine cut shares of Johnson Controls International from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 2nd. Morgan Stanley initiated coverage on shares of Johnson Controls International in a research report on Monday, August 20th. They set an “equal weight” rating and a $40.00 price target for the company. Zacks Investment Research lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Monday, July 16th. Royal Bank of Canada reissued a “sell” rating and issued a $31.00 price objective on shares of Johnson Controls International in a research note on Friday, July 13th. Finally, Barclays lowered their price objective on shares of Johnson Controls International from $41.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, July 9th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $42.00.
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. It designs, sells, controls, installs heating, ventilating, and air conditioning systems. The company also provides residential air conditioning and heating systems, and industrial refrigeration products, as well as technical and energy management consulting services.
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