Mackenzie Financial Corp Has $15.69 Million Stock Position in Johnson Controls International plc (NYSE:JCI)

Mackenzie Financial Corp cut its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 1.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 272,181 shares of the company’s stock after selling 5,229 shares during the quarter. Mackenzie Financial Corp’s holdings in Johnson Controls International were worth $15,689,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of JCI. Cullen Investment Group LTD. acquired a new position in Johnson Controls International during the 4th quarter valued at $4,098,000. Cornercap Investment Counsel Inc. acquired a new position in shares of Johnson Controls International during the fourth quarter valued at about $1,825,000. Glassy Mountain Advisors Inc. lifted its stake in shares of Johnson Controls International by 3.8% in the fourth quarter. Glassy Mountain Advisors Inc. now owns 50,101 shares of the company’s stock valued at $2,888,000 after buying an additional 1,841 shares during the period. Vontobel Holding Ltd. grew its position in Johnson Controls International by 24.5% during the fourth quarter. Vontobel Holding Ltd. now owns 1,270,716 shares of the company’s stock worth $73,244,000 after buying an additional 250,400 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. increased its stake in Johnson Controls International by 15,837.7% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 121,764 shares of the company’s stock valued at $7,018,000 after acquiring an additional 121,000 shares during the period. 90.05% of the stock is owned by institutional investors.

Johnson Controls International Trading Up 0.1 %

Shares of JCI opened at $63.77 on Friday. The stock has a fifty day moving average price of $61.78 and a two-hundred day moving average price of $56.35. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.73 and a current ratio of 0.97. The company has a market cap of $43.46 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 1.60 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.

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. Johnson Controls International had a net margin of 7.85% and a return on equity of 13.08%. The firm had revenue of $6.09 billion for the quarter, compared to analyst estimates of $6.94 billion. During the same quarter in the prior year, the firm earned $0.67 EPS. The company’s revenue was up .4% on a year-over-year basis. Analysts predict that Johnson Controls International plc will post 3.61 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 19th. Stockholders of record on Monday, March 25th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Friday, March 22nd. Johnson Controls International’s dividend payout ratio (DPR) is presently 48.21%.

Analyst Upgrades and Downgrades

JCI has been the subject of a number of research reports. Wells Fargo & Company raised 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. HSBC lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $60.00 price target on the stock. in a report on Wednesday, January 31st. Melius Research reaffirmed a “hold” rating on shares of Johnson Controls International in a report on Tuesday, January 30th. TheStreet raised shares of Johnson Controls International from a “c+” rating to a “b-” rating in a research note on Tuesday, December 26th. Finally, Royal Bank of Canada cut their price target on shares of Johnson Controls International from $50.00 to $48.00 and set an “underperform” rating for the company 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $64.50.

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.