Russell Investments Group Ltd. Decreases Stake in Johnson Controls International plc (NYSE:JCI)

Russell Investments Group Ltd. trimmed its position in shares of Johnson Controls International plc (NYSE:JCI) by 16.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 271,824 shares of the company’s stock after selling 55,315 shares during the period. Russell Investments Group Ltd.’s holdings in Johnson Controls International were worth $15,670,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in JCI. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Johnson Controls International in the 4th quarter valued at approximately $25,000. NBC Securities Inc. acquired a new stake in Johnson Controls International in the third quarter valued at $26,000. Headinvest LLC purchased a new stake in Johnson Controls International during the 3rd quarter worth about $30,000. West Paces Advisors Inc. acquired a new position in shares of Johnson Controls International during the 3rd quarter worth about $31,000. Finally, Bruce G. Allen Investments LLC purchased a new position in shares of Johnson Controls International in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Wells Fargo & Company boosted 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. Citigroup increased their target price on shares of Johnson Controls International from $59.00 to $68.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $60.00 price target (down from $65.00) on shares of Johnson Controls International in a research report on Wednesday, January 31st. Melius Research reaffirmed a “hold” rating on shares of Johnson Controls International in a report on Tuesday, January 30th. Finally, HSBC downgraded Johnson Controls International from a “buy” rating to a “hold” rating and set a $60.00 target price for the company. in a report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $64.25.

Johnson Controls International Stock Up 2.7 %

Johnson Controls International stock opened at $62.36 on Friday. The stock has a 50 day moving average of $63.23 and a two-hundred day moving average of $57.15. Johnson Controls International plc has a twelve month low of $47.90 and a twelve month high of $70.43. The stock has a market capitalization of $42.01 billion, a price-to-earnings ratio of 25.25, a PEG ratio of 1.55 and a beta of 1.23. The company has a current ratio of 0.87, a quick ratio of 0.73 and a debt-to-equity ratio of 0.44.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.75 by $0.03. Johnson Controls International had a return on equity of 13.21% and a net margin of 6.32%. The business had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.51 billion. During the same quarter in the prior year, the business earned $0.75 earnings per share. The company’s quarterly revenue was down 6.1% compared to the same quarter last year. As a group, research analysts expect that Johnson Controls International plc will post 3.61 earnings per share for the current year.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Monday, March 25th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.37%. The ex-dividend date was Friday, March 22nd. Johnson Controls International’s payout ratio is 59.92%.

Johnson Controls International Company Profile

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.