Cerity Partners LLC Has $744,000 Holdings in Johnson Controls International plc (NYSE:JCI)

Cerity Partners LLC raised its stake in Johnson Controls International plc (NYSE:JCI) by 6.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 12,905 shares of the company’s stock after buying an additional 785 shares during the period. Cerity Partners LLC’s holdings in Johnson Controls International were worth $744,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JCI. Qube Research & Technologies Ltd increased its stake in shares of 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 valued at $121,734,000 after acquiring an additional 1,465,136 shares during the last quarter. AQR Capital Management LLC grew its holdings in Johnson Controls International by 189.5% during the third quarter. AQR Capital Management LLC now owns 991,249 shares of the company’s stock valued at $52,744,000 after purchasing an additional 648,790 shares during the period. Ameriprise Financial Inc. increased its stake in Johnson Controls International by 35.0% in the third quarter. Ameriprise Financial Inc. now owns 2,387,899 shares of the company’s stock valued at $126,944,000 after purchasing an additional 618,920 shares in the last quarter. Hsbc Holdings PLC raised its holdings in Johnson Controls International by 155.9% in the third quarter. Hsbc Holdings PLC now owns 1,014,178 shares of the company’s stock worth $53,732,000 after purchasing an additional 617,925 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in shares of Johnson Controls International by 55.7% during the third quarter. Envestnet Asset Management Inc. now owns 1,714,237 shares of the company’s stock worth $91,215,000 after purchasing an additional 613,341 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Royal Bank of Canada lowered their price objective on shares of 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. Oppenheimer increased their price target on Johnson Controls International from $66.00 to $71.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $60.00 price objective (down previously from $65.00) on shares of Johnson Controls International in a report on Wednesday, January 31st. TheStreet raised Johnson Controls International from a “c+” rating to a “b-” rating in a research note on Tuesday, December 26th. Finally, Mizuho lowered shares of Johnson Controls International from a “buy” rating to a “neutral” rating and set a $62.00 price target on the stock. in a research note on Friday, February 23rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, Johnson Controls International presently has an average rating of “Hold” and an average price target of $64.50.

Johnson Controls International Price Performance

NYSE JCI opened at $65.17 on Wednesday. The firm’s 50 day moving average is $62.34 and its 200-day moving average is $56.67. 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 company has a market capitalization of $44.41 billion, a PE ratio of 21.23, a price-to-earnings-growth ratio of 1.60 and a beta of 1.24. Johnson Controls International plc has a 12-month low of $47.90 and a 12-month high of $70.43.

Johnson Controls International (NYSE:JCI) last released 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 firm’s revenue for the quarter was up .4% compared to the same quarter last year. Equities research analysts anticipate that Johnson Controls International plc will post 3.61 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Monday, March 25th were given a dividend of $0.37 per share. The ex-dividend date was Friday, March 22nd. This represents a $1.48 annualized dividend and a yield of 2.27%. Johnson Controls International’s dividend payout ratio (DPR) is presently 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.