JPMorgan Chase & Co. Increases Stock Holdings in Johnson Controls International plc (NYSE:JCI)

JPMorgan Chase & Co. raised its position in shares of Johnson Controls International plc (NYSE:JCIGet Rating) by 6.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,491,883 shares of the company’s stock after purchasing an additional 94,004 shares during the quarter. JPMorgan Chase & Co. owned 0.22% of Johnson Controls International worth $71,429,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. BlackRock Inc. grew its stake in Johnson Controls International by 1.4% during the 1st quarter. BlackRock Inc. now owns 59,426,849 shares of the company’s stock valued at $3,896,620,000 after purchasing an additional 825,710 shares during the last quarter. Vanguard Group Inc. grew its stake in Johnson Controls International by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 59,175,200 shares of the company’s stock valued at $3,880,118,000 after purchasing an additional 820,214 shares during the last quarter. Wellington Management Group LLP grew its stake in Johnson Controls International by 20.8% during the 1st quarter. Wellington Management Group LLP now owns 57,842,396 shares of the company’s stock valued at $3,792,726,000 after purchasing an additional 9,941,674 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Johnson Controls International by 1.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 36,413,607 shares of the company’s stock valued at $2,387,641,000 after purchasing an additional 462,315 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Johnson Controls International by 2.8% during the 1st quarter. Invesco Ltd. now owns 10,541,281 shares of the company’s stock valued at $691,191,000 after purchasing an additional 282,610 shares during the last quarter. Hedge funds and other institutional investors own 88.79% of the company’s stock.

Johnson Controls International Stock Performance

NYSE JCI opened at $66.95 on Thursday. Johnson Controls International plc has a twelve month low of $45.52 and a twelve month high of $81.77. The stock has a 50-day moving average of $56.59 and a 200 day moving average of $53.87. The company has a current ratio of 1.04, a quick ratio of 0.82 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $45.97 billion, a price-to-earnings ratio of 30.29, a PEG ratio of 1.37 and a beta of 1.19.

Johnson Controls International Announces Dividend

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

Analysts Set New Price Targets

Several research firms have weighed in on JCI. Royal Bank of Canada boosted their price target on Johnson Controls International from $53.00 to $61.00 in a research note on Friday, November 4th. StockNews.com raised Johnson Controls International from a “hold” rating to a “buy” rating in a report on Friday, November 4th. Oppenheimer boosted their price objective on Johnson Controls International from $62.00 to $63.00 and gave the company an “outperform” rating in a report on Monday, August 8th. TheStreet raised Johnson Controls International from a “c+” rating to a “b-” rating in a report on Wednesday, September 7th. Finally, Morgan Stanley boosted their price objective on Johnson Controls International from $60.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, November 4th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Johnson Controls International presently has an average rating of “Moderate Buy” and an average price target of $67.43.

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.

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

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