Synovus Financial Corp Has $335,000 Position in Johnson Controls International plc (NYSE:JCI)

Synovus Financial Corp reduced its stake in Johnson Controls International plc (NYSE:JCIGet Rating) by 40.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,160 shares of the company’s stock after selling 4,920 shares during the period. Synovus Financial Corp’s holdings in Johnson Controls International were worth $335,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in JCI. National Asset Management Inc. boosted its stake in shares of Johnson Controls International by 4.2% in the 1st quarter. National Asset Management Inc. now owns 14,725 shares of the company’s stock valued at $967,000 after purchasing an additional 598 shares in the last quarter. Cookson Peirce & Co. Inc. boosted its stake in shares of Johnson Controls International by 6.9% in the 1st quarter. Cookson Peirce & Co. Inc. now owns 12,095 shares of the company’s stock valued at $793,000 after purchasing an additional 779 shares in the last quarter. Metis Global Partners LLC boosted its stake in shares of Johnson Controls International by 80.0% in the 1st quarter. Metis Global Partners LLC now owns 11,180 shares of the company’s stock valued at $733,000 after purchasing an additional 4,968 shares in the last quarter. Lyell Wealth Management LP acquired a new stake in shares of Johnson Controls International in the 1st quarter valued at approximately $350,000. Finally, abrdn plc boosted its position in Johnson Controls International by 14.3% during the 1st quarter. abrdn plc now owns 531,765 shares of the company’s stock worth $35,589,000 after buying an additional 66,485 shares during the period. 88.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

JCI has been the topic of several recent research reports. Mizuho lifted their target price on shares of Johnson Controls International from $65.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, November 4th. Wells Fargo & Company lifted their target price on shares of Johnson Controls International from $59.00 to $66.00 and gave the stock an “overweight” rating in a research report on Friday, November 4th. Citigroup lifted their target price on shares of Johnson Controls International from $54.00 to $64.00 in a research report on Friday, November 4th. Royal Bank of Canada lifted their target price on shares of Johnson Controls International from $53.00 to $61.00 in a research report on Friday, November 4th. Finally, StockNews.com upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating in a research report on Friday, November 4th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $67.43.

Johnson Controls International Stock Up 1.8 %

Johnson Controls International stock opened at $66.98 on Monday. The firm has a 50 day moving average price of $56.21 and a two-hundred day moving average price of $53.68. The firm has a market cap of $46.00 billion, a price-to-earnings ratio of 30.31, a PEG ratio of 1.36 and a beta of 1.19. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.82 and a current ratio of 1.04. Johnson Controls International plc has a 52-week low of $45.52 and a 52-week high of $81.77.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 14th. Stockholders of record on Monday, September 26th were paid a $0.35 dividend. The ex-dividend date was Friday, September 23rd. This represents a $1.40 annualized dividend and a dividend yield of 2.09%. Johnson Controls International’s dividend payout ratio is currently 63.35%.

About Johnson Controls International

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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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