Johnson Controls International plc (NYSE:JCI) Shares Purchased by Allworth Financial LP

Allworth Financial LP increased its stake in shares of Johnson Controls International plc (NYSE:JCI) by 32.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,917 shares of the company’s stock after purchasing an additional 474 shares during the period. Allworth Financial LP’s holdings in Johnson Controls International were worth $110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Invesco Ltd. lifted its holdings in shares of Johnson Controls International by 4.7% during the third quarter. Invesco Ltd. now owns 13,063,227 shares of the company’s stock worth $695,094,000 after purchasing an additional 588,724 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Johnson Controls International by 1.8% during the first quarter. Geode Capital Management LLC now owns 12,241,814 shares of the company’s stock worth $735,258,000 after purchasing an additional 214,832 shares during the period. Morgan Stanley lifted its holdings in shares of Johnson Controls International by 40.7% during the fourth quarter. Morgan Stanley now owns 9,990,590 shares of the company’s stock worth $639,398,000 after purchasing an additional 2,890,395 shares during the period. Northern Trust Corp lifted its holdings in shares of Johnson Controls International by 6.2% during the third quarter. Northern Trust Corp now owns 7,065,473 shares of the company’s stock worth $375,954,000 after purchasing an additional 415,056 shares during the period. Finally, Norges Bank acquired a new stake in shares of Johnson Controls International during the fourth quarter worth $419,897,000. 90.05% of the stock is owned by institutional investors and hedge funds.

Johnson Controls International Stock Up 0.2 %

JCI opened at $65.29 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.97 and a debt-to-equity ratio of 0.45. The firm has a market cap of $44.49 billion, a P/E ratio of 21.27, a PEG ratio of 1.63 and a beta of 1.24. Johnson Controls International plc has a 52 week low of $47.90 and a 52 week high of $70.43. The business’s fifty day simple moving average is $60.98 and its 200 day simple moving average is $56.06.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Tuesday, January 30th. The company reported $0.51 EPS for the quarter, meeting analysts’ consensus estimates of $0.51. The business had revenue of $6.09 billion for the quarter, compared to analyst estimates of $6.94 billion. Johnson Controls International had a return on equity of 13.08% and a net margin of 7.85%. The business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter last year, the company earned $0.67 earnings per share. As a group, equities research analysts anticipate that Johnson Controls International plc will post 3.61 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

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

Analyst Upgrades and Downgrades

JCI has been the subject of several research analyst reports. Royal Bank of Canada cut their price objective on Johnson Controls International from $50.00 to $48.00 and set an “underperform” rating for the company in a research report on Wednesday, January 31st. Wells Fargo & Company increased their price objective on Johnson Controls International from $64.00 to $73.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Mizuho cut Johnson Controls International from a “buy” rating to a “neutral” rating and set a $62.00 price objective for the company. in a research report on Friday, February 23rd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $60.00 price objective (down previously from $65.00) on shares of Johnson Controls International in a research report on Wednesday, January 31st. Finally, StockNews.com cut Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $64.08.

Johnson Controls International Profile

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.