Johnson Controls International plc (NYSE:JCI) Stake Lowered by EP Wealth Advisors LLC

EP Wealth Advisors LLC cut its stake in shares of Johnson Controls International plc (NYSE:JCIGet Rating) by 6.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,587 shares of the company’s stock after selling 1,872 shares during the quarter. EP Wealth Advisors LLC’s holdings in Johnson Controls International were worth $1,678,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. GPS Wealth Strategies Group LLC grew its holdings in shares of Johnson Controls International by 722.8% during the first quarter. GPS Wealth Strategies Group LLC now owns 469 shares of the company’s stock valued at $31,000 after purchasing an additional 412 shares during the last quarter. Motco grew its holdings in Johnson Controls International by 121.2% in the 1st quarter. Motco now owns 480 shares of the company’s stock worth $31,000 after buying an additional 263 shares in the last quarter. DeDora Capital Inc. acquired a new stake in Johnson Controls International in the 1st quarter valued at approximately $33,000. Byrne Asset Management LLC acquired a new position in Johnson Controls International during the 4th quarter worth $41,000. Finally, Salem Investment Counselors Inc. boosted its position in Johnson Controls International by 152.4% during the 1st quarter. Salem Investment Counselors Inc. now owns 588 shares of the company’s stock worth $39,000 after acquiring an additional 355 shares during the period. 88.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

JCI has been the subject of a number of analyst reports. Barclays reduced their price target on Johnson Controls International from $65.00 to $60.00 and set an “overweight” rating for the company in a research report on Friday, July 8th. TheStreet upgraded Johnson Controls International from a “c+” rating to a “b-” rating in a research report on Wednesday, September 7th. Wells Fargo & Company reduced their price target on Johnson Controls International from $60.00 to $56.00 in a research report on Tuesday, July 12th. Oppenheimer boosted their price target on Johnson Controls International from $62.00 to $63.00 and gave the stock an “outperform” rating in a research report on Monday, August 8th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Johnson Controls International from $70.00 to $61.00 in a research note on Wednesday, July 13th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Johnson Controls International currently has an average rating of “Moderate Buy” and a consensus target price of $67.71.

Johnson Controls International Stock Performance

JCI opened at $55.89 on Friday. The firm has a market cap of $38.50 billion, a PE ratio of 37.39, a P/E/G ratio of 1.26 and a beta of 1.17. The company has a quick ratio of 0.76, a current ratio of 0.97 and a debt-to-equity ratio of 0.42. The business has a fifty day simple moving average of $53.67 and a 200-day simple moving average of $56.21. Johnson Controls International plc has a fifty-two week low of $45.52 and a fifty-two week high of $81.77.

Johnson Controls International (NYSE:JCIGet Rating) last issued its earnings results on Thursday, August 4th. The company reported $0.85 EPS for the quarter, hitting the consensus estimate of $0.85. The business had revenue of $6.61 billion during the quarter, compared to analysts’ expectations of $6.76 billion. Johnson Controls International had a return on equity of 11.35% and a net margin of 4.17%. Johnson Controls International’s revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.83 earnings per share. As a group, equities analysts predict that Johnson Controls International plc will post 3 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Monday, September 26th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.50%. Johnson Controls International’s dividend payout ratio (DPR) is presently 93.96%.

Johnson Controls International Company Profile

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Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.

Further Reading

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Institutional Ownership by Quarter for Johnson Controls International (NYSE:JCI)

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