Summit Asset Management LLC Acquires 1,000 Shares of Johnson Controls International plc (NYSE:JCI)

Summit Asset Management LLC lifted its holdings in Johnson Controls International plc (NYSE:JCI) by 11.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,045 shares of the company’s stock after buying an additional 1,000 shares during the quarter. Summit Asset Management LLC’s holdings in Johnson Controls International were worth $579,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in JCI. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Johnson Controls International in the fourth quarter valued at approximately $25,000. NBC Securities Inc. acquired a new stake in shares of Johnson Controls International in the 3rd quarter valued at $26,000. Hexagon Capital Partners LLC raised its position in shares of Johnson Controls International by 114.0% during the fourth quarter. Hexagon Capital Partners LLC now owns 503 shares of the company’s stock worth $29,000 after acquiring an additional 268 shares during the last quarter. Headinvest LLC bought a new stake in shares of Johnson Controls International during the third quarter worth $30,000. Finally, West Paces Advisors Inc. bought a new position in Johnson Controls International in the third quarter valued at about $31,000. 90.05% of the stock is owned by institutional investors.

Johnson Controls International Stock Down 0.4 %

JCI traded down $0.24 during trading on Thursday, reaching $60.23. The company had a trading volume of 2,585,039 shares, compared to its average volume of 5,610,078. The company has a market cap of $41.05 billion, a P/E ratio of 19.59, a PEG ratio of 1.63 and a beta of 1.23. Johnson Controls International plc has a 12 month low of $47.90 and a 12 month high of $70.43. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.97 and a quick ratio of 0.73. The business’s fifty day moving average price is $63.18 and its 200 day moving average price is $57.13.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.75 by $0.03. The business 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 7.85% and a return on equity of 13.08%. The firm’s revenue was down 6.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.75 EPS. Equities analysts anticipate that Johnson Controls International plc will post 3.61 EPS for the current year.

Johnson Controls International Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Friday, March 22nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.46%. Johnson Controls International’s payout ratio is presently 48.21%.

Analysts Set New Price Targets

Several analysts have weighed in on JCI shares. Wells Fargo & Company boosted their price objective on Johnson Controls International from $64.00 to $73.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Royal Bank of Canada cut their price objective on shares of Johnson Controls International from $50.00 to $48.00 and set an “underperform” rating on the stock in a report on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $60.00 target price (down previously from $65.00) on shares of Johnson Controls International in a report on Wednesday, January 31st. HSBC downgraded Johnson Controls International from a “buy” rating to a “hold” rating and set a $60.00 price target on the stock. in a research note on Wednesday, January 31st. Finally, Mizuho lowered Johnson Controls International from a “buy” rating to a “neutral” rating and set a $62.00 target price on the stock. in a research note on Friday, February 23rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Johnson Controls International has an average rating of “Hold” and a consensus price target of $64.42.

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.