The Perella Weinberg Partners Capital Management LP Purchases Shares of 56,202 Johnson Controls International PLC (JCI)

The Perella Weinberg Partners Capital Management LP Purchases Shares of 56,202 Johnson Controls International PLC (JCI)

Perella Weinberg Partners Capital Management LP bought a new stake in Johnson Controls International PLC (NYSE:JCI) during the third quarter, Holdings Channel reports. The institutional investor bought 56,202 shares of the company’s stock, valued at approximately $2,615,000.

A number of other institutional investors have also bought and sold shares of JCI. Pinkerton Retirement Specialists LLC increased its position in Johnson Controls International PLC by 5,138.8% in the second quarter. Pinkerton Retirement Specialists LLC now owns 2,567 shares of the company’s stock valued at $114,000 after buying an additional 2,518 shares during the last quarter. Signaturefd LLC increased its position in Johnson Controls International PLC by 13.7% in the second quarter. Signaturefd LLC now owns 2,601 shares of the company’s stock valued at $115,000 after buying an additional 313 shares during the last quarter. First Quadrant L P CA acquired a new position in Johnson Controls International PLC during the third quarter valued at approximately $129,000. Evercore Wealth Management LLC increased its position in Johnson Controls International PLC by 52.5% in the second quarter. Evercore Wealth Management LLC now owns 3,075 shares of the company’s stock valued at $136,000 after buying an additional 1,059 shares during the last quarter. Finally, Manchester Capital Management LLC increased its position in Johnson Controls International PLC by 164.4% in the third quarter. Manchester Capital Management LLC now owns 3,305 shares of the company’s stock valued at $154,000 after buying an additional 2,055 shares during the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Controls International PLC (NYSE:JCI) traded down 0.56% during mid-day trading on Thursday, hitting $42.85. 2,750,275 shares of the stock traded hands. Johnson Controls International PLC has a 52 week low of $29.56 and a 52 week high of $48.97. The firm’s 50-day moving average price is $43.17 and its 200-day moving average price is $44.10. The firm’s market cap is $40.10 billion.

Johnson Controls International PLC (NYSE:JCI) last posted its quarterly earnings data on Tuesday, November 8th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.20. The firm earned $10.21 billion during the quarter, compared to the consensus estimate of $9.64 billion. Johnson Controls International PLC had a negative net margin of 4.09% and a positive return on equity of 15.76%. The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.64 EPS. On average, equities analysts forecast that Johnson Controls International PLC will post $2.68 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 6th. Shareholders of record on Wednesday, December 14th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend was Monday, December 12th. Johnson Controls International PLC’s dividend payout ratio is currently -208.72%.

Several research firms have commented on JCI. Oppenheimer Holdings Inc. set a $52.00 target price on shares of Johnson Controls International PLC and gave the stock a “buy” rating in a research report on Wednesday, November 30th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Johnson Controls International PLC in a research report on Thursday, December 15th. Goldman Sachs Group Inc. began coverage on Johnson Controls International PLC in a research report on Monday, October 24th. They issued a “buy” rating and a $46.00 price target on the stock. RBC Capital Markets reaffirmed a “hold” rating and issued a $46.00 price target on shares of Johnson Controls International PLC in a research report on Thursday, January 5th. Finally, Barclays PLC reaffirmed an “equal weight” rating and issued a $48.00 price target on shares of Johnson Controls International PLC in a research report on Friday, December 9th. Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus 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.

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