Johnson Controls International PLC (JCI) Sees Significant Decrease in Short Interest

Johnson Controls International PLC (NYSE:JCI) was the recipient of a large decrease in short interest during the month of September. As of September 29th, there was short interest totalling 25,974,403 shares, a decrease of 15.8% from the September 15th total of 30,847,024 shares. Based on an average daily volume of 5,041,108 shares, the days-to-cover ratio is presently 5.2 days. Currently, 2.8% of the shares of the company are sold short.

Shares of Johnson Controls International PLC (NYSE:JCI) opened at 41.69 on Monday. The company’s market cap is $38.87 billion. The stock has a 50 day moving average of $40.12 and a 200 day moving average of $41.16. Johnson Controls International PLC has a 12-month low of $36.74 and a 12-month high of $46.17.

Johnson Controls International PLC (NYSE:JCI) last posted its quarterly earnings results on Thursday, July 27th. The auto parts company reported $0.71 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.71. The business had revenue of $7.67 billion during the quarter, compared to the consensus estimate of $7.72 billion. Johnson Controls International PLC had a positive return on equity of 11.74% and a negative net margin of 0.43%. Johnson Controls International PLC’s revenue for the quarter was up 48.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.07 earnings per share. On average, equities analysts expect that Johnson Controls International PLC will post $2.61 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Monday, September 25th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend was Friday, September 22nd. Johnson Controls International PLC’s dividend payout ratio (DPR) is presently -196.08%.

In related news, VP Jeffrey M. Williams sold 1,955 shares of the company’s stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $41.43, for a total transaction of $80,995.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.48% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the stock. CHICAGO TRUST Co NA raised its stake in Johnson Controls International PLC by 0.5% during the second quarter. CHICAGO TRUST Co NA now owns 7,679 shares of the auto parts company’s stock worth $333,000 after acquiring an additional 36 shares in the last quarter. First Interstate Bank raised its stake in Johnson Controls International PLC by 0.9% during the second quarter. First Interstate Bank now owns 7,069 shares of the auto parts company’s stock worth $307,000 after acquiring an additional 62 shares in the last quarter. Stanley Laman Group Ltd. raised its stake in Johnson Controls International PLC by 0.6% during the second quarter. Stanley Laman Group Ltd. now owns 11,410 shares of the auto parts company’s stock worth $495,000 after acquiring an additional 63 shares in the last quarter. Banced Corp raised its stake in Johnson Controls International PLC by 0.7% during the second quarter. Banced Corp now owns 11,954 shares of the auto parts company’s stock worth $519,000 after acquiring an additional 84 shares in the last quarter. Finally, River Wealth Advisors LLC raised its stake in Johnson Controls International PLC by 1.1% during the second quarter. River Wealth Advisors LLC now owns 11,070 shares of the auto parts company’s stock worth $480,000 after acquiring an additional 117 shares in the last quarter. 86.09% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently commented on the stock. Citigroup Inc. reiterated a “buy” rating and set a $50.00 target price (up from $47.00) on shares of Johnson Controls International PLC in a research note on Monday, October 9th. Morgan Stanley set a $48.00 target price on shares of Johnson Controls International PLC and gave the company an “overweight” rating in a research note on Monday, October 2nd. Cowen and Company reiterated a “buy” rating and set a $48.00 target price on shares of Johnson Controls International PLC in a research note on Wednesday, September 27th. Zacks Investment Research upgraded shares of Johnson Controls International PLC from a “sell” rating to a “hold” rating in a research note on Monday, September 11th. Finally, Robert W. Baird reiterated a “buy” rating and set a $50.00 target price on shares of Johnson Controls International PLC in a research note on Monday, August 28th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $48.71.

WARNING: This report was reported by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this report on another publication, it was illegally copied and republished in violation of international trademark & copyright laws. The original version of this report can be viewed at https://stocknewstimes.com/2017/10/16/johnson-controls-international-plc-jci-sees-significant-decrease-in-short-interest.html.

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.

Receive News & Ratings for Johnson Controls International PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Johnson Controls International PLC and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply