Sandhill Capital Partners LLC Sells 6,374 Shares of Johnson Controls International plc (NYSE:JCI)

Sandhill Capital Partners LLC cut its stake in shares of Johnson Controls International plc (NYSE:JCI) by 8.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65,950 shares of the company’s stock after selling 6,374 shares during the quarter. Sandhill Capital Partners LLC’s holdings in Johnson Controls International were worth $3,801,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Stevens Capital Management LP lifted its stake in shares of Johnson Controls International by 28.4% in the fourth quarter. Stevens Capital Management LP now owns 7,296 shares of the company’s stock valued at $421,000 after buying an additional 1,612 shares in the last quarter. Syon Capital LLC purchased a new stake in shares of Johnson Controls International in the fourth quarter valued at about $209,000. Meritage Portfolio Management purchased a new stake in shares of Johnson Controls International in the fourth quarter valued at about $2,759,000. Corbyn Investment Management Inc. MD increased its holdings in Johnson Controls International by 3.8% during the fourth quarter. Corbyn Investment Management Inc. MD now owns 126,933 shares of the company’s stock worth $7,316,000 after buying an additional 4,696 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. increased its holdings in Johnson Controls International by 1.9% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 14,297 shares of the company’s stock worth $824,000 after buying an additional 266 shares during the last quarter. 90.05% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on JCI shares. Oppenheimer raised their price objective on shares of Johnson Controls International from $66.00 to $71.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. Barclays lifted their target price 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. HSBC downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $60.00 target price for the company. in a research note on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $60.00 target price (down previously from $65.00) on shares of Johnson Controls International in a research note on Wednesday, January 31st. Finally, StockNews.com downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Thursday, January 25th. 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $64.50.

Johnson Controls International Trading Down 0.2 %

Shares of NYSE JCI traded down $0.16 during mid-day trading on Thursday, hitting $64.45. The stock had a trading volume of 5,004,651 shares, compared to its average volume of 5,532,641. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.73 and a current ratio of 0.97. Johnson Controls International plc has a 1 year low of $47.90 and a 1 year high of $70.43. The business has a 50 day moving average price of $62.49 and a two-hundred day moving average price of $56.73. The firm has a market cap of $43.92 billion, a P/E ratio of 21.04, a price-to-earnings-growth ratio of 1.64 and a beta of 1.24.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Tuesday, January 30th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting 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 net margin of 7.85% and a return on equity of 13.08%. The company’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.67 EPS. On average, equities analysts anticipate that Johnson Controls International plc will post 3.61 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The firm also recently announced 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 of this dividend was Friday, March 22nd. Johnson Controls International’s dividend payout ratio (DPR) is presently 48.21%.

Johnson Controls International Company 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.