Voya Investment Management LLC increased its stake in Johnson Controls International PLC (NYSE:JCI) by 1.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 323,005 shares of the auto parts company’s stock after acquiring an additional 3,515 shares during the period. Voya Investment Management LLC’s holdings in Johnson Controls International were worth $10,804,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vontobel Swiss Wealth Advisors AG lifted its position in Johnson Controls International by 9.4% in the 1st quarter. Vontobel Swiss Wealth Advisors AG now owns 16,765 shares of the auto parts company’s stock valued at $591,000 after acquiring an additional 1,440 shares in the last quarter. First Allied Advisory Services Inc. lifted its position in Johnson Controls International by 5.9% in the 1st quarter. First Allied Advisory Services Inc. now owns 26,655 shares of the auto parts company’s stock valued at $939,000 after acquiring an additional 1,487 shares in the last quarter. Atria Investments LLC lifted its position in Johnson Controls International by 7.2% in the 2nd quarter. Atria Investments LLC now owns 23,502 shares of the auto parts company’s stock valued at $786,000 after acquiring an additional 1,575 shares in the last quarter. Wealth Advisors of Tampa Bay LLC lifted its position in Johnson Controls International by 2.6% in the 1st quarter. Wealth Advisors of Tampa Bay LLC now owns 65,401 shares of the auto parts company’s stock valued at $2,309,000 after acquiring an additional 1,670 shares in the last quarter. Finally, Wetherby Asset Management Inc. lifted its position in Johnson Controls International by 12.9% in the 2nd quarter. Wetherby Asset Management Inc. now owns 15,181 shares of the auto parts company’s stock valued at $508,000 after acquiring an additional 1,732 shares in the last quarter. 92.89% of the stock is owned by institutional investors.
Johnson Controls International stock traded down $0.77 during trading on Friday, reaching $32.96. The company had a trading volume of 7,734,483 shares, compared to its average volume of 5,145,668. Johnson Controls International PLC has a 52 week low of $32.35 and a 52 week high of $42.60. The stock has a market cap of $32.37 billion, a P/E ratio of 12.68, a P/E/G ratio of 1.13 and a beta of 0.85. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.79 and a current ratio of 1.10.
Johnson Controls International (NYSE:JCI) last announced its earnings results on Tuesday, July 31st. The auto parts company reported $0.81 EPS for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.02. Johnson Controls International had a return on equity of 11.84% and a net margin of 7.27%. The company had revenue of $8.12 billion for the quarter, compared to analysts’ expectations of $7.96 billion. During the same period last year, the firm earned $0.71 EPS. Johnson Controls International’s revenue for the quarter was up 5.9% compared to the same quarter last year. Analysts predict that Johnson Controls International PLC will post 2.81 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 12th. Shareholders of record on Monday, September 24th were paid a $0.26 dividend. The ex-dividend date was Friday, September 21st. This represents a $1.04 dividend on an annualized basis and a yield of 3.16%. Johnson Controls International’s payout ratio is presently 40.00%.
Several equities analysts recently issued reports on the company. Wells Fargo & Co lowered their price objective on Johnson Controls International from $41.00 to $38.00 and set a “market perform” rating on the stock in a research report on Friday, September 28th. Royal Bank of Canada reissued a “sell” rating and set a $34.00 price target on shares of Johnson Controls International in a report on Wednesday, August 1st. UBS Group cut Johnson Controls International from a “buy” rating to a “neutral” rating and lowered their price target for the company from $44.00 to $40.00 in a report on Tuesday, September 11th. Citigroup increased their price target on Johnson Controls International from $45.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, August 2nd. Finally, Zacks Investment Research raised Johnson Controls International from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. Johnson Controls International has an average rating of “Hold” and an average target price of $41.27.
About Johnson Controls International
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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