Lathrop Investment Management Corp Has $8 Million Stake in Johnson Controls International plc (NYSE:JCI)

Lathrop Investment Management Corp trimmed its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 4.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,718 shares of the company’s stock after selling 6,499 shares during the period. Lathrop Investment Management Corp’s holdings in Johnson Controls International were worth $7,996,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Consolidated Planning Corp increased its holdings in Johnson Controls International by 4.0% during the 4th quarter. Consolidated Planning Corp now owns 60,748 shares of the company’s stock valued at $3,502,000 after purchasing an additional 2,337 shares in the last quarter. Gilliland Jeter Wealth Management LLC acquired a new stake in Johnson Controls International during the 4th quarter valued at $2,182,000. Golden State Equity Partners bought a new position in Johnson Controls International in the 4th quarter valued at $832,000. Bryn Mawr Capital Management LLC boosted its position in Johnson Controls International by 9.8% in the 4th quarter. Bryn Mawr Capital Management LLC now owns 199,017 shares of the company’s stock valued at $11,471,000 after buying an additional 17,723 shares during the last quarter. Finally, Semanteon Capital Management LP bought a new position in Johnson Controls International in the 4th quarter valued at $1,281,000. 90.05% of the stock is owned by institutional investors and hedge funds.

Johnson Controls International Stock Up 1.0 %

Shares of JCI traded up $0.66 during midday trading on Friday, hitting $65.11. The stock had a trading volume of 6,408,009 shares, compared to its average volume of 4,071,197. The company has a 50 day simple moving average of $62.79 and a two-hundred day simple moving average of $56.87. Johnson Controls International plc has a twelve month low of $47.90 and a twelve month high of $70.43. The firm has a market cap of $44.37 billion, a price-to-earnings ratio of 21.21, a price-to-earnings-growth ratio of 1.62 and a beta of 1.24. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.97 and a quick ratio of 0.73.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Tuesday, January 30th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.51. Johnson Controls International had a return on equity of 13.08% and a net margin of 7.85%. The firm had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.94 billion. During the same quarter last year, the business posted $0.67 EPS. The company’s revenue for the quarter was up .4% on a year-over-year basis. On average, analysts anticipate that Johnson Controls International plc will post 3.61 EPS for the current year.

Johnson Controls International Dividend Announcement

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

Wall Street Analyst Weigh In

JCI has been the topic of a number of recent research reports. Argus lowered Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Tuesday, February 20th. Mizuho lowered Johnson Controls International from a “buy” rating to a “neutral” rating and set a $62.00 price objective on the stock. in a research report on Friday, February 23rd. StockNews.com lowered Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. Citigroup increased their price objective on Johnson Controls International from $59.00 to $68.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Finally, HSBC lowered Johnson Controls International from a “buy” rating to a “hold” rating and set a $60.00 price target on the stock. in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $64.50.

Johnson Controls International 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.