Mirae Asset Global Investments Co. Ltd. Decreases Stock Position in Johnson Controls International plc (NYSE:JCI)

Mirae Asset Global Investments Co. Ltd. decreased its position in Johnson Controls International plc (NYSE:JCI) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 210,628 shares of the company’s stock after selling 2,384 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Johnson Controls International were worth $12,141,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in JCI. Raymond James Trust N.A. increased its stake in Johnson Controls International by 3.1% during the 1st quarter. Raymond James Trust N.A. now owns 13,142 shares of the company’s stock worth $862,000 after buying an additional 401 shares during the period. Synovus Financial Corp increased its position in shares of Johnson Controls International by 3.6% during the first quarter. Synovus Financial Corp now owns 12,080 shares of the company’s stock worth $786,000 after acquiring an additional 425 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in Johnson Controls International by 0.7% in the first quarter. Baird Financial Group Inc. now owns 70,039 shares of the company’s stock valued at $4,593,000 after purchasing an additional 461 shares during the last quarter. Brown Brothers Harriman & Co. grew its stake in Johnson Controls International by 23.0% during the 1st quarter. Brown Brothers Harriman & Co. now owns 7,581 shares of the company’s stock valued at $497,000 after purchasing an additional 1,418 shares in the last quarter. Finally, Mackenzie Financial Corp increased its holdings in Johnson Controls International by 3.5% during the 1st quarter. Mackenzie Financial Corp now owns 371,039 shares of the company’s stock worth $24,329,000 after purchasing an additional 12,648 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Down 0.4 %

Shares of Johnson Controls International stock opened at $65.18 on Friday. The stock has a market capitalization of $44.42 billion, a price-to-earnings ratio of 21.23, a PEG ratio of 1.64 and a beta of 1.24. Johnson Controls International plc has a twelve month low of $47.90 and a twelve month high of $70.43. The company has a current ratio of 0.97, a quick ratio of 0.73 and a debt-to-equity ratio of 0.45. The business’s 50 day simple moving average is $60.76 and its 200-day simple moving average is $55.99.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Tuesday, January 30th. The company reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. The firm had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $6.94 billion. Johnson Controls International had a return on equity of 13.08% and a net margin of 7.85%. The firm’s revenue was up .4% on a year-over-year basis. During the same period in the prior year, the business earned $0.67 EPS. Equities research analysts forecast that Johnson Controls International plc will post 3.61 earnings per share for the current year.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 19th. Investors of record on Monday, March 25th will be given a $0.37 dividend. The ex-dividend date of this dividend is Friday, March 22nd. This represents a $1.48 annualized dividend and a yield of 2.27%. Johnson Controls International’s dividend payout ratio is presently 48.21%.

Analysts Set New Price Targets

Several equities analysts have recently commented on JCI shares. StockNews.com cut Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Thursday, January 25th. Mizuho lowered shares of Johnson Controls International from a “buy” rating to a “neutral” rating and set a $62.00 price objective for the company. in a report on Friday, February 23rd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $60.00 target price (down previously from $65.00) on shares of Johnson Controls International in a research note on Wednesday, January 31st. Barclays increased their price target on shares of Johnson Controls International from $59.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 2nd. Finally, Melius Research reissued a “hold” rating on shares of Johnson Controls International in a report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $64.08.

About Johnson Controls International

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.