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

Lathrop Investment Management Corp lessened its holdings in Johnson Controls International plc (NYSE:JCI) by 4.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in JCI. Qube Research & Technologies Ltd raised its holdings in shares of Johnson Controls International by 178.1% in the 3rd quarter. Qube Research & Technologies Ltd now owns 2,287,801 shares of the company’s stock worth $121,734,000 after acquiring an additional 1,465,136 shares during the last quarter. AQR Capital Management LLC increased its stake in Johnson Controls International by 189.5% in the 3rd quarter. AQR Capital Management LLC now owns 991,249 shares of the company’s stock valued at $52,744,000 after buying an additional 648,790 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Johnson Controls International by 35.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,387,899 shares of the company’s stock valued at $126,944,000 after buying an additional 618,920 shares during the last quarter. Hsbc Holdings PLC increased its stake in Johnson Controls International by 155.9% in the 3rd quarter. Hsbc Holdings PLC now owns 1,014,178 shares of the company’s stock valued at $53,732,000 after buying an additional 617,925 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Johnson Controls International by 55.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,714,237 shares of the company’s stock valued at $91,215,000 after buying an additional 613,341 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Johnson Controls International Stock Performance

JCI traded up $0.66 on Friday, hitting $65.11. The company’s stock had a trading volume of 6,408,009 shares, compared to its average volume of 4,071,197. The company’s 50 day simple moving average is $62.79 and its 200-day simple moving average is $56.87. The firm has a market cap of $44.37 billion, a P/E ratio of 21.21, a price-to-earnings-growth ratio of 1.62 and a beta of 1.24. Johnson Controls International plc has a 12 month low of $47.90 and a 12 month high of $70.43. The company has a quick ratio of 0.73, a current ratio of 0.97 and a debt-to-equity ratio of 0.45.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Tuesday, January 30th. The company reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. The company had revenue of $6.09 billion during 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%. Johnson Controls International’s revenue for the quarter was up .4% on a year-over-year basis. During the same period last year, the firm earned $0.67 EPS. Analysts forecast that Johnson Controls International plc will post 3.61 EPS for the current year.

Johnson Controls International Dividend Announcement

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

Analysts Set New Price Targets

JCI has been the subject of several analyst reports. HSBC lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $60.00 price objective for the company. in a research note on Wednesday, January 31st. StockNews.com lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Thursday, January 25th. Citigroup increased their price objective on shares of Johnson Controls International from $59.00 to $68.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Barclays raised their price target 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. Finally, Melius Research restated a “hold” rating on shares of Johnson Controls International in a research note on Tuesday, January 30th. 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.com, Johnson Controls International currently has an average rating of “Hold” and a consensus target price 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.