It has been reported that Creative Planning, a financial planning and investment management firm, has significantly increased its holdings in Johnson Controls International plc by 13.5% during the fourth quarter of the year. According to Creative Planning’s disclosure with the Securities & Exchange Commission, the fund now owns 47,889 shares of the company’s stock which is worth $3,065,000 – an additional 5,707 shares were purchased over this period.
Johnson Controls International (NYSE:JCI) disclosed on May 5th that it had earnings per share (EPS) of $0.75 for its latest quarter report which beat analysts’ estimates of $0.73 by $0.02. Over this same period, revenue was $6.69 billion compared to analysts’ estimate of $6.51 billion; representing a YoY increase of 9.6%. The company experienced a net margin of 5.33% along with a return on equity of 13.07%.
Soon after this news was publicised, VP John Donofrio sold over 14k shares in Tuesday’s transaction at $63.02 per share – in total his company stock holdings are now worth over $2 million dollars less as a result of this trade action alone.
The report also stated that chief financial officer (CFO), Olivier Leonetti, sold just under $2m worth of JCI Shares on Monday May 8th at an average price per share sold at $62.36 for almost about 31k shares traded away from his portfolio.If we look into these stock sales further and consider past knowledge provided on JCI performance within recent reports; it might be safe to say that investors will observe whether or not; there’ll be any significant changes to these stakeholder selections following said outcome deliveries for both insiders and shareholder interests alike – careful analysis needs application before taking any decisions especially investing.
Overall current data suggests JCI could be in for a positive year if a continued upward trajectory is maintained. Analysts predict that the company will maintain its growth momentum and post an estimated earning per share of 3.57 for the current and next fiscal year respectively. It’s essential as investors we digest all available data before making sound decisions as markets are largely unpredictable in nature obeying no clear structures often.
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Institutional Investors and Hedge Funds Change Ownership Structure of Johnson Controls International
Johnson Controls International, a global manufacturer of smart building and energy storage solutions, has recently undergone changes in its ownership structure as multiple hedge funds and institutional investors change their positions. Canton Hathaway LLC acquired a new stake valued at $26,000, while Elequin Securities LLC invested $33,000. Salem Investment Counselors increased its holdings by 152.4%, raising the value of its shares to $39,000. CI Investments Inc. raised its holdings by 979.1% to $46,000 and High Net Worth Advisory Group added a new stake in Q1 valued at the same amount. In total, 88.76% of Johnson Controls International stock is owned by institutional investors and hedge funds.
Shares opened at $59.70 on Thursday with moving averages of $59.70 (50-day) and $63.19 (200-day). The company’s market cap stands at $40.96bn with a PE ratio of 29.70, PEG ratio of 1.28 and beta standing at 1.22; versus the 52-week high/low range of values ($69..60-$45..52). The quick ratio stands at 0.78 and the current ratio is 1.03 with a debt-to-equity ratio of 0.46.
The company also saw some transaction activity involving VP John Donofrio who sold off his shares worth hundreds-of-thousands dollars in May; crucial details are available for access via official legal filings made to SEC website while CFO Olivier Leonetti sold stakes worth approximately $1,932,972 in early May.
Recently-placed quarterly dividends on Friday saw investors receive an annualized rate payout of $1.44 per share as compared to earlier payouts which equated to slightly less than that ($0…35).
Industry analysts have recently commented on Johnson Controls International’s performance: Oppenheimer lowered target price from from $76.00 to $72.00 while JPMorgan Chase & Co boosted the target price from $70.00 to $72.00. Meanwhile, Barclays downgraded their expectation on shares from OW to EW rating and Deutsche Bank AG lowered the risk factor on shares from $75.00 to $65.00 with a buy rating across all ratings agency.
As per Bloomberg.com, Johnson Controls International currently has a “Moderate Buy” standing among its clients while an average target price of $69.31 is set for investors; which may change given market conditions and other business fundamentals in the near future.
