The Profund Advisors LLC Purchases 5,544 Shares of Johnson Controls International PLC (JCI)

The Profund Advisors LLC Purchases 5,544 Shares of Johnson Controls International PLC (JCI)

Profund Advisors LLC boosted its stake in Johnson Controls International PLC (NYSE:JCI) by 29.8% during the third quarter, Holdings Channel reports. The institutional investor owned 24,169 shares of the company’s stock after buying an additional 5,544 shares during the period. Profund Advisors LLC’s holdings in Johnson Controls International PLC were worth $1,125,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Boyer & Corporon Wealth Management LLC raised its stake in shares of Johnson Controls International PLC by 0.6% in the second quarter. Boyer & Corporon Wealth Management LLC now owns 8,362 shares of the company’s stock valued at $370,000 after buying an additional 50 shares in the last quarter. Asset Advisors Corp raised its position in Johnson Controls International PLC by 0.4% in the second quarter. Asset Advisors Corp now owns 24,100 shares of the company’s stock valued at $1,067,000 after buying an additional 100 shares during the period. HBK Sorce Advisory LLC raised its position in Johnson Controls International PLC by 0.3% in the second quarter. HBK Sorce Advisory LLC now owns 32,559 shares of the company’s stock valued at $1,441,000 after buying an additional 111 shares during the period. Advisory Services Network LLC raised its position in Johnson Controls International PLC by 1.6% in the second quarter. Advisory Services Network LLC now owns 7,289 shares of the company’s stock valued at $323,000 after buying an additional 114 shares during the period. Finally, Burney Co. raised its position in Johnson Controls International PLC by 0.4% in the second quarter. Burney Co. now owns 34,762 shares of the company’s stock valued at $1,539,000 after buying an additional 145 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Shares of Johnson Controls International PLC (NYSE:JCI) traded down 0.51% on Thursday, hitting $42.87. The stock had a trading volume of 3,193,504 shares. The company has a 50 day moving average of $43.17 and a 200-day moving average of $44.10. The firm’s market capitalization is $40.12 billion. Johnson Controls International PLC has a 12-month low of $29.56 and a 12-month high of $48.97.

Johnson Controls International PLC (NYSE:JCI) last released its quarterly earnings results on Tuesday, November 8th. The company reported $1.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.20. The firm had revenue of $10.21 billion for the quarter, compared to analysts’ expectations 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 was up 16.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.64 EPS. Equities analysts predict that Johnson Controls International PLC will post $2.68 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, January 6th. Shareholders of record on Wednesday, December 14th were issued a $0.25 dividend. The ex-dividend date was Monday, December 12th. This represents a $1.00 annualized dividend and a yield of 2.33%. Johnson Controls International PLC’s dividend payout ratio is currently -208.72%.

Several equities analysts have weighed in on JCI shares. Cowen and Company started coverage on Johnson Controls International PLC in a report on Wednesday, September 28th. They set an “outperform” rating on the stock. Wells Fargo & Co. restated a “market perform” rating on shares of Johnson Controls International PLC in a report on Wednesday, October 12th. Robert W. Baird restated an “outperform” rating and set a $53.00 target price on shares of Johnson Controls International PLC in a report on Tuesday, October 18th. Goldman Sachs Group Inc. started coverage on Johnson Controls International PLC in a report on Monday, October 24th. They set a “buy” rating and a $46.00 target price on the stock. Finally, Royal Bank Of Canada cut their target price on Johnson Controls International PLC from $50.00 to $46.00 and set a “sector perform” rating on the stock in a report on Tuesday, November 1st. Nine analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $49.13.

About Johnson Controls International PLC

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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