State of Alaska Department of Revenue Buys 7,145 Shares of Johnson Controls International plc (NYSE:JCI)

State of Alaska Department of Revenue boosted its position in shares of Johnson Controls International plc (NYSE:JCIGet Rating) by 4.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 153,760 shares of the company’s stock after purchasing an additional 7,145 shares during the quarter. State of Alaska Department of Revenue’s holdings in Johnson Controls International were worth $7,361,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. First Affirmative Financial Network lifted its position in shares of Johnson Controls International by 3.4% during the fourth quarter. First Affirmative Financial Network now owns 4,495 shares of the company’s stock worth $365,000 after purchasing an additional 148 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Johnson Controls International by 0.4% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 46,029 shares of the company’s stock valued at $3,018,000 after buying an additional 173 shares during the last quarter. Penserra Capital Management LLC boosted its position in Johnson Controls International by 6.0% in the first quarter. Penserra Capital Management LLC now owns 3,381 shares of the company’s stock valued at $221,000 after buying an additional 192 shares during the last quarter. Lindbrook Capital LLC lifted its holdings in Johnson Controls International by 15.5% in the first quarter. Lindbrook Capital LLC now owns 1,477 shares of the company’s stock valued at $97,000 after acquiring an additional 198 shares during the period. Finally, Ellevest Inc. lifted its holdings in Johnson Controls International by 17.9% in the first quarter. Ellevest Inc. now owns 1,342 shares of the company’s stock valued at $88,000 after acquiring an additional 204 shares during the period. 88.79% of the stock is owned by hedge funds and other institutional investors.

Johnson Controls International Stock Performance

Shares of JCI stock opened at $54.31 on Tuesday. The business has a 50 day simple moving average of $53.97 and a 200 day simple moving average of $55.97. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.97 and a quick ratio of 0.76. The firm has a market capitalization of $37.41 billion, a price-to-earnings ratio of 36.45, a price-to-earnings-growth ratio of 1.20 and a beta of 1.17. Johnson Controls International plc has a 12-month low of $45.52 and a 12-month high of $81.77.

Johnson Controls International (NYSE:JCIGet Rating) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.85 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.85. The firm had revenue of $6.61 billion during the quarter, compared to analyst estimates of $6.76 billion. Johnson Controls International had a return on equity of 11.35% and a net margin of 4.17%. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the company posted $0.83 EPS. On average, equities research analysts anticipate that Johnson Controls International plc will post 3 EPS for the current year.

Johnson Controls International Announces Dividend

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 issued a $0.35 dividend. The ex-dividend date of this dividend is Friday, September 23rd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.58%. Johnson Controls International’s payout ratio is currently 93.96%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Mizuho dropped their target price on Johnson Controls International from $68.00 to $65.00 and set a “buy” rating for the company in a report on Monday, July 18th. TheStreet raised Johnson Controls International from a “c+” rating to a “b-” rating in a research report on Wednesday, September 7th. Jefferies Financial Group cut their target price on Johnson Controls International from $70.00 to $65.00 in a research report on Friday, July 15th. Morgan Stanley raised their price target on Johnson Controls International from $61.00 to $62.00 and gave the stock an “overweight” rating in a research note on Thursday, September 1st. Finally, Deutsche Bank Aktiengesellschaft decreased their price target 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’s stock. Based on data from MarketBeat.com, Johnson Controls International currently has an average rating of “Moderate Buy” and an average target price of $67.71.

Johnson Controls International 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.

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

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