Lafayette Investments Inc. trimmed its position in Johnson Controls International PLC (NYSE:JCI) by 5.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 112,963 shares of the company’s stock after selling 6,154 shares during the quarter. Johnson Controls International comprises about 1.6% of Lafayette Investments Inc.’s portfolio, making the stock its 26th biggest holding. Lafayette Investments Inc.’s holdings in Johnson Controls International were worth $4,599,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of JCI. Garrett Wealth Advisory Group LLC acquired a new stake in Johnson Controls International in the 3rd quarter valued at approximately $26,000. Penserra Capital Management LLC acquired a new position in shares of Johnson Controls International during the third quarter worth $28,000. Horan Capital Advisors LLC. acquired a new position in shares of Johnson Controls International during the third quarter worth $29,000. Duncker Streett & Co. Inc. purchased a new stake in Johnson Controls International in the fourth quarter valued at $35,000. Finally, S.A. Mason LLC purchased a new stake in Johnson Controls International in the fourth quarter valued at $35,000. Institutional investors own 92.12% of the company’s stock.
A number of equities research analysts have recently commented on the stock. Credit Suisse Group raised shares of Johnson Controls International from a “neutral” rating to an “outperform” rating and upped their target price for the company from $45.00 to $47.00 in a report on Monday, January 6th. Barclays reissued a “hold” rating and set a $43.00 price target on shares of Johnson Controls International in a report on Sunday, November 10th. Royal Bank of Canada reissued a “sell” rating and set a $38.00 price target on shares of Johnson Controls International in a report on Wednesday, December 18th. Zacks Investment Research raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a report on Monday, January 13th. Finally, UBS Group started coverage on shares of Johnson Controls International in a report on Thursday, December 12th. They set a “sell” rating and a $40.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $41.22.
JCI traded up $0.34 on Tuesday, hitting $40.88. 154,147 shares of the company were exchanged, compared to its average volume of 4,847,605. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.97 and a current ratio of 1.17. The business’s fifty day moving average is $40.71 and its 200 day moving average is $42.02. Johnson Controls International PLC has a fifty-two week low of $33.95 and a fifty-two week high of $44.82. The firm has a market capitalization of $30.42 billion, a P/E ratio of 6.45, a price-to-earnings-growth ratio of 1.62 and a beta of 0.90.
Johnson Controls International (NYSE:JCI) last issued its earnings results on Friday, January 31st. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.02. Johnson Controls International had a net margin of 22.75% and a return on equity of 8.43%. The company had revenue of $5.58 billion for the quarter, compared to analyst estimates of $5.59 billion. During the same period in the prior year, the business posted $0.26 earnings per share. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. Analysts forecast that Johnson Controls International PLC will post 2.55 EPS for the current fiscal year.
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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