River Global Investors LLP Has $2.34 Million Stake in Johnson Controls International plc (NYSE:JCI)

River Global Investors LLP lowered its stake in Johnson Controls International plc (NYSE:JCI) by 0.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 40,562 shares of the company’s stock after selling 361 shares during the quarter. River Global Investors LLP’s holdings in Johnson Controls International were worth $2,338,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. National Bank of Canada FI increased its stake in shares of Johnson Controls International by 47.2% in the 4th quarter. National Bank of Canada FI now owns 561,762 shares of the company’s stock valued at $32,065,000 after buying an additional 180,112 shares during the period. Pointe Capital Management LLC bought a new stake in Johnson Controls International during the 4th quarter worth about $226,000. Vestmark Advisory Solutions Inc. lifted its position in Johnson Controls International by 99.1% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 13,728 shares of the company’s stock valued at $791,000 after purchasing an additional 6,833 shares during the period. Axxcess Wealth Management LLC bought a new position in shares of Johnson Controls International in the 4th quarter valued at about $570,000. Finally, Levin Capital Strategies L.P. acquired a new stake in shares of Johnson Controls International during the 4th quarter worth approximately $231,000. Institutional investors own 90.05% of the company’s stock.

Analysts Set New Price Targets

JCI has been the topic of a number of recent research reports. Oppenheimer reduced their price objective on shares of Johnson Controls International from $71.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday. 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. Wells Fargo & Company upped their price objective on Johnson Controls International from $64.00 to $73.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Royal Bank of Canada reduced their target price on Johnson Controls International from $50.00 to $48.00 and set an “underperform” rating on the stock in a report on Wednesday, January 31st. Finally, StockNews.com lowered Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Johnson Controls International presently has a consensus rating of “Hold” and an average price target of $64.25.

Johnson Controls International Stock Up 2.7 %

NYSE JCI traded up $1.63 during trading hours on Friday, reaching $62.38. 7,096,178 shares of the company’s stock were exchanged, compared to its average volume of 4,978,445. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.73 and a current ratio of 0.87. The company has a market capitalization of $42.02 billion, a price-to-earnings ratio of 25.26, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23. The company’s 50-day moving average is $63.31 and its two-hundred day moving average is $57.22. Johnson Controls International plc has a one year low of $47.90 and a one year high of $70.43.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.03. Johnson Controls International had a net margin of 6.32% and a return on equity of 13.21%. The company 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 company earned $0.75 earnings per share. The business’s quarterly revenue was down 6.1% compared to the same quarter last year. On average, analysts forecast that Johnson Controls International plc will post 3.61 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders 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 2.37%. The ex-dividend date of this dividend was Friday, March 22nd. Johnson Controls International’s dividend payout ratio (DPR) is presently 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.