Federated Hermes Inc. Cuts Stock Position in Johnson Controls International plc (NYSE:JCI)

Federated Hermes Inc. trimmed its position in shares of Johnson Controls International plc (NYSE:JCI) by 7.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 71,770 shares of the company’s stock after selling 5,423 shares during the quarter. Federated Hermes Inc.’s holdings in Johnson Controls International were worth $4,137,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Peterson Wealth Services purchased a new stake in Johnson Controls International during the fourth quarter valued at approximately $1,049,000. Daiwa Securities Group Inc. increased its position in shares of Johnson Controls International by 57.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 104,795 shares of the company’s stock worth $6,040,000 after purchasing an additional 38,166 shares in the last quarter. Scissortail Wealth Management LLC purchased a new stake in shares of Johnson Controls International during the 4th quarter valued at $3,972,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Johnson Controls International by 5.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 468,339 shares of the company’s stock worth $26,995,000 after purchasing an additional 23,442 shares in the last quarter. Finally, West Paces Advisors Inc. grew its stake in Johnson Controls International by 34.5% during the 4th quarter. West Paces Advisors Inc. now owns 788 shares of the company’s stock worth $45,000 after buying an additional 202 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors.

Johnson Controls International Stock Performance

Shares of JCI stock opened at $65.11 on Friday. The stock has a market cap of $44.37 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 1.62 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 has a 50-day simple moving average of $62.79 and a 200-day simple moving average of $56.87. The company has a quick ratio of 0.73, a current ratio of 0.97 and a debt-to-equity ratio of 0.45.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Tuesday, January 30th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.51. The company had revenue of $6.09 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the company posted $0.67 earnings per share. On average, equities analysts expect that Johnson Controls International plc will post 3.61 EPS for the current year.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Monday, March 25th were issued a $0.37 dividend. The ex-dividend date of this dividend was Friday, March 22nd. This represents a $1.48 dividend on an annualized basis and a yield of 2.27%. Johnson Controls International’s payout ratio is 48.21%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Argus downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a report on Tuesday, February 20th. HSBC downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $60.00 target price on the stock. in a research report on Wednesday, January 31st. Mizuho cut shares of Johnson Controls International from a “buy” rating to a “neutral” rating and set a $62.00 price target for the company. in a report on Friday, February 23rd. Melius Research reissued a “hold” rating on shares of Johnson Controls International in a report on Tuesday, January 30th. Finally, Wells Fargo & Company raised their target price on Johnson Controls International from $64.00 to $73.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price 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.