Canandaigua National Corp lifted its holdings in Johnson Controls International plc (NYSE:JCI – Get Rating) by 34.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,949 shares of the company’s stock after purchasing an additional 4,047 shares during the period. Canandaigua National Corp’s holdings in Johnson Controls International were worth $764,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of JCI. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Johnson Controls International in the 1st quarter valued at about $27,000. GPS Wealth Strategies Group LLC increased its stake in shares of Johnson Controls International by 722.8% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 469 shares of the company’s stock valued at $31,000 after purchasing an additional 412 shares in the last quarter. Motco increased its stake in shares of Johnson Controls International by 121.2% in the 1st quarter. Motco now owns 480 shares of the company’s stock valued at $31,000 after purchasing an additional 263 shares in the last quarter. DeDora Capital Inc. purchased a new stake in Johnson Controls International during the 1st quarter worth approximately $33,000. Finally, Salem Investment Counselors Inc. increased its stake in Johnson Controls International by 152.4% during the 1st quarter. Salem Investment Counselors Inc. now owns 588 shares of the company’s stock worth $39,000 after buying an additional 355 shares in the last quarter. Hedge funds and other institutional investors own 88.79% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on JCI shares. Wells Fargo & Company cut their price objective on Johnson Controls International from $60.00 to $56.00 in a research note on Tuesday, July 12th. The Goldman Sachs Group lowered their target price on Johnson Controls International from $73.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, June 23rd. Barclays lowered their target price on Johnson Controls International from $65.00 to $60.00 and set an “overweight” rating on the stock in a report on Friday, July 8th. Jefferies Financial Group lowered their target price on Johnson Controls International from $70.00 to $65.00 in a report on Friday, July 15th. Finally, Mizuho decreased their price objective on Johnson Controls International from $68.00 to $65.00 and set a “buy” rating on the stock in a report on Monday, July 18th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $67.71.
Johnson Controls International Stock Up 1.3 %
Johnson Controls International (NYSE:JCI – Get Rating) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.85 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.85. The business had revenue of $6.61 billion for the quarter, compared to analyst estimates of $6.76 billion. Johnson Controls International had a return on equity of 11.35% and a net margin of 4.17%. The company’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.83 earnings per share. As a group, equities analysts expect that Johnson Controls International plc will post 3 earnings per share for the current fiscal year.
Johnson Controls International Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Monday, September 26th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend is Friday, September 23rd. Johnson Controls International’s dividend payout ratio (DPR) is presently 93.96%.
Johnson Controls International Profile
Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.
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