Jackson Hole Capital Partners LLC Grows Stake in Johnson Controls International plc (NYSE:JCI)

Jackson Hole Capital Partners LLC raised its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 24.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,768 shares of the company’s stock after buying an additional 3,260 shares during the period. Jackson Hole Capital Partners LLC’s holdings in Johnson Controls International were worth $967,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of JCI. IFP Advisors Inc boosted its position in shares of Johnson Controls International by 69.6% during the third quarter. IFP Advisors Inc now owns 5,504 shares of the company’s stock valued at $293,000 after buying an additional 2,258 shares during the period. DAVENPORT & Co LLC boosted its holdings in shares of Johnson Controls International by 4.3% in the third quarter. DAVENPORT & Co LLC now owns 27,813 shares of the company’s stock valued at $1,480,000 after purchasing an additional 1,136 shares during the period. GHP Investment Advisors Inc. boosted its holdings in shares of Johnson Controls International by 38.5% in the third quarter. GHP Investment Advisors Inc. now owns 1,014 shares of the company’s stock valued at $52,000 after purchasing an additional 282 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its holdings in shares of Johnson Controls International by 45.0% in the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 18,326 shares of the company’s stock valued at $975,000 after purchasing an additional 5,691 shares during the period. Finally, UMB Bank n.a. boosted its holdings in shares of Johnson Controls International by 5.2% in the third quarter. UMB Bank n.a. now owns 5,853 shares of the company’s stock valued at $311,000 after purchasing an additional 289 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on JCI. Royal Bank of Canada lowered their price target on Johnson Controls International from $50.00 to $48.00 and set an “underperform” rating for the company in a report on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $60.00 price target (down previously from $65.00) on shares of Johnson Controls International in a report on Wednesday, January 31st. Mizuho downgraded shares of Johnson Controls International from a “buy” rating to a “neutral” rating and set a $62.00 price objective for the company. in a research note on Friday, February 23rd. Argus downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Tuesday, February 20th. Finally, Barclays boosted their price objective on shares of Johnson Controls International from $59.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 2nd. One investment 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $64.50.

Johnson Controls International Stock Down 0.2 %

Shares of JCI stock traded down $0.16 during trading hours on Thursday, reaching $64.45. 5,004,651 shares of the company’s stock were exchanged, compared to its average volume of 5,532,641. The stock’s 50 day moving average is $62.63 and its 200-day moving average is $56.78. The company has a market cap of $43.92 billion, a price-to-earnings ratio of 20.99, a P/E/G ratio of 1.64 and a beta of 1.24. The company has a current ratio of 0.97, a quick ratio of 0.73 and a debt-to-equity ratio of 0.45. Johnson Controls International plc has a fifty-two week low of $47.90 and a fifty-two week high of $70.43.

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

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders 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 dividend yield of 2.30%. The ex-dividend date was Friday, March 22nd. Johnson Controls International’s dividend payout ratio (DPR) is presently 48.21%.

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.