NewEdge Wealth LLC Grows Stock Position in Johnson Controls International plc (NYSE:JCI)

NewEdge Wealth LLC boosted its stake in shares of Johnson Controls International plc (NYSE:JCI) by 54.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,708 shares of the company’s stock after acquiring an additional 3,777 shares during the quarter. NewEdge Wealth LLC’s holdings in Johnson Controls International were worth $617,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new stake in shares of Johnson Controls International during the fourth quarter valued at approximately $419,897,000. Morgan Stanley boosted its position in Johnson Controls International by 40.7% during the 4th quarter. Morgan Stanley now owns 9,990,590 shares of the company’s stock valued at $639,398,000 after buying an additional 2,890,395 shares during the period. Qube Research & Technologies Ltd grew its holdings in Johnson Controls International by 178.1% in the 3rd quarter. Qube Research & Technologies Ltd now owns 2,287,801 shares of the company’s stock worth $121,734,000 after acquiring an additional 1,465,136 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of Johnson Controls International in the first quarter valued at about $63,435,000. Finally, Barclays PLC raised its stake in shares of Johnson Controls International by 160.8% during the second quarter. Barclays PLC now owns 1,379,404 shares of the company’s stock valued at $93,992,000 after acquiring an additional 850,405 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors.

Johnson Controls International Trading Down 0.3 %

Shares of NYSE JCI opened at $64.22 on Wednesday. Johnson Controls International plc has a 1 year low of $47.90 and a 1 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. The firm has a 50-day moving average of $61.42 and a 200 day moving average of $56.24. The stock has a market cap of $43.76 billion, a P/E ratio of 20.92, a price-to-earnings-growth ratio of 1.62 and a beta of 1.24.

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

Johnson Controls International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Monday, March 25th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend is Friday, March 22nd. Johnson Controls International’s dividend payout ratio (DPR) is 48.21%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on JCI shares. Citigroup raised their target price on Johnson Controls International from $59.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Barclays upped their target price on Johnson Controls International from $59.00 to $61.00 and gave the company an “equal weight” rating in a report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $60.00 price target (down previously from $65.00) on shares of Johnson Controls International in a report on Wednesday, January 31st. Argus lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Tuesday, February 20th. Finally, Melius Research reaffirmed a “hold” rating on shares of Johnson Controls International in a research note on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average 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.