LMR Partners LLP Takes Position in Johnson Controls International PLC (JCI)

LMR Partners LLP Takes Position in Johnson Controls International PLC (JCI)

LMR Partners LLP acquired a new position in shares of Johnson Controls International PLC (NYSE:JCI) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 15,261 shares of the company’s stock, valued at approximately $710,000.

Other hedge funds have also bought and sold shares of the company. BP PLC increased its stake in Johnson Controls International PLC by 35.8% in the second quarter. BP PLC now owns 110,000 shares of the company’s stock worth $4,868,000 after buying an additional 29,000 shares in the last quarter. Concert Wealth Management Inc. increased its stake in Johnson Controls International PLC by 4.1% in the second quarter. Concert Wealth Management Inc. now owns 30,086 shares of the company’s stock worth $1,331,000 after buying an additional 1,193 shares in the last quarter. First Citizens Bank & Trust Co. acquired a new stake in Johnson Controls International PLC during the second quarter worth about $230,000. Atlas Brown Inc. increased its stake in Johnson Controls International PLC by 8.8% in the second quarter. Atlas Brown Inc. now owns 16,854 shares of the company’s stock worth $746,000 after buying an additional 1,370 shares in the last quarter. Finally, Gluskin Sheff & Assoc Inc. acquired a new stake in Johnson Controls International PLC during the second quarter worth about $7,264,000. 81.27% of the stock is owned by hedge funds and other institutional investors.

Johnson Controls International PLC (NYSE:JCI) opened at 43.73 on Friday. The company’s 50-day moving average is $42.94 and its 200 day moving average is $44.15. Johnson Controls International PLC has a 52 week low of $32.92 and a 52 week high of $48.97. The company’s market capitalization is $40.92 billion.

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

The business also recently announced a quarterly dividend, which was paid on Friday, January 6th. Shareholders of record on Wednesday, December 14th were given a dividend of $0.25 per share. The ex-dividend date was Monday, December 12th. This represents a $1.00 annualized dividend and a yield of 2.29%. Johnson Controls International PLC’s payout ratio is presently -208.72%.

A number of research firms have issued reports on JCI. Citigroup Inc. initiated coverage on shares of Johnson Controls International PLC in a report on Monday, November 28th. They issued a “buy” rating and a $54.00 price objective for the company. Oppenheimer Holdings, Inc. set a $52.00 price target on shares of Johnson Controls International PLC and gave the stock a “buy” rating in a report on Wednesday, November 30th. Gabelli downgraded shares of Johnson Controls International PLC from a “buy” rating to a “hold” rating and set a $50.00 price target for the company. in a report on Tuesday, December 6th. They noted that the move was a valuation call. Wells Fargo & Company reaffirmed a “market perform” rating on shares of Johnson Controls International PLC in a report on Wednesday, October 12th. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on shares of Johnson Controls International PLC in a report on Monday, October 24th. They set a “buy” rating and a $46.00 price target for the company. Nine investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Johnson Controls International PLC currently has a consensus rating of “Buy” and a consensus price target of $49.76.

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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