Allspring Global Investments Holdings LLC Has $17.75 Million Stock Position in Johnson Controls International plc (NYSE:JCI)

Allspring Global Investments Holdings LLC increased its position in Johnson Controls International plc (NYSE:JCI) by 17.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 307,867 shares of the company’s stock after acquiring an additional 46,420 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Johnson Controls International were worth $17,745,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. NBC Securities Inc. bought a new stake in Johnson Controls International during the 3rd quarter valued at approximately $26,000. Certified Advisory Corp acquired a new position in Johnson Controls International during the 1st quarter valued at $26,000. Moisand Fitzgerald Tamayo LLC bought a new stake in Johnson Controls International in the 3rd quarter valued at $30,000. Headinvest LLC bought a new position in shares of Johnson Controls International during the 3rd quarter worth about $30,000. Finally, West Paces Advisors Inc. bought a new stake in shares of Johnson Controls International in the third quarter valued at about $31,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades

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

Johnson Controls International Stock Performance

Shares of JCI opened at $65.29 on Monday. The company has a market cap of $44.49 billion, a PE ratio of 21.27, a price-to-earnings-growth ratio of 1.64 and a beta of 1.24. The firm has a 50-day moving average of $60.98 and a 200-day moving average of $56.09. Johnson Controls International plc has a one year low of $47.90 and a one year high of $70.43. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.97 and a quick ratio of 0.73.

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

Johnson Controls International Announces Dividend

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

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.