Victory Capital Management Inc. Raises Stake in Johnson Controls International plc (NYSE:JCI)

Victory Capital Management Inc. raised its position in Johnson Controls International plc (NYSE:JCI) by 20.0% in the fourth quarter, Holdings Channel reports. The fund owned 815,777 shares of the company’s stock after buying an additional 135,691 shares during the period. Victory Capital Management Inc.’s holdings in Johnson Controls International were worth $47,021,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Berry Wealth Group LP purchased a new stake in shares of Johnson Controls International during the 4th quarter worth approximately $1,495,000. Cary Street Partners Asset Management LLC lifted its position in shares of Johnson Controls International by 0.6% during the 4th quarter. Cary Street Partners Asset Management LLC now owns 79,734 shares of the company’s stock worth $4,596,000 after buying an additional 454 shares during the last quarter. Hexagon Capital Partners LLC lifted its position in shares of Johnson Controls International by 114.0% during the 4th quarter. Hexagon Capital Partners LLC now owns 503 shares of the company’s stock worth $29,000 after buying an additional 268 shares during the last quarter. Paces Ferry Wealth Advisors LLC purchased a new stake in shares of Johnson Controls International during the 4th quarter worth approximately $200,000. Finally, Hartford Funds Management Co LLC lifted its position in shares of Johnson Controls International by 27.0% during the 4th quarter. Hartford Funds Management Co LLC now owns 19,910 shares of the company’s stock worth $1,148,000 after buying an additional 4,235 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analysts Set New Price Targets

JCI has been the subject of several recent analyst reports. Wells Fargo & Company boosted their price objective on shares of Johnson Controls International from $64.00 to $73.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. StockNews.com cut shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Thursday, January 25th. Citigroup boosted their price objective on shares of Johnson Controls International from $59.00 to $68.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $60.00 price objective (down from $65.00) on shares of Johnson Controls International in a research note on Wednesday, January 31st. Finally, Royal Bank of Canada lowered their price target on shares of Johnson Controls International from $50.00 to $48.00 and set an “underperform” rating on the stock in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Johnson Controls International currently has an average rating of “Hold” and an average price target of $64.25.

Johnson Controls International Price Performance

Shares of NYSE JCI opened at $62.38 on Monday. The stock has a market cap of $42.02 billion, a price-to-earnings ratio of 25.26, a PEG ratio of 1.59 and a beta of 1.23. Johnson Controls International plc has a 52 week low of $47.90 and a 52 week high of $70.43. The company’s 50-day moving average price is $63.31 and its 200 day moving average price is $57.30. The company has a current ratio of 0.87, a quick ratio of 0.65 and a debt-to-equity ratio of 0.44.

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

Johnson Controls International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Monday, March 25th were paid 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 2.37%. Johnson Controls International’s payout ratio is 59.92%.

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.