Johnson Controls International plc (NYSE:JCI) Shares Sold by River Global Investors LLP

River Global Investors LLP lessened its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 0.9% in the fourth quarter, according to its most recent filing with the SEC. 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 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Optimum Investment Advisors grew its position in Johnson Controls International by 17.5% in the 4th quarter. Optimum Investment Advisors now owns 1,175 shares of the company’s stock valued at $68,000 after buying an additional 175 shares in the last quarter. Raleigh Capital Management Inc. increased its stake in shares of Johnson Controls International by 3.9% during the third quarter. Raleigh Capital Management Inc. now owns 4,767 shares of the company’s stock valued at $254,000 after acquiring an additional 179 shares during the period. BSW Wealth Partners raised its holdings in Johnson Controls International by 4.3% during the fourth quarter. BSW Wealth Partners now owns 4,494 shares of the company’s stock worth $259,000 after purchasing an additional 185 shares in the last quarter. Cottage Street Advisors LLC lifted its position in Johnson Controls International by 4.9% in the third quarter. Cottage Street Advisors LLC now owns 4,189 shares of the company’s stock worth $223,000 after purchasing an additional 196 shares during the period. Finally, Mutual Advisors LLC boosted its stake in Johnson Controls International by 0.4% during the 3rd quarter. Mutual Advisors LLC now owns 46,147 shares of the company’s stock valued at $2,455,000 after purchasing an additional 199 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Trading Up 2.7 %

NYSE JCI traded up $1.63 on Friday, hitting $62.38. 7,096,178 shares of the stock were exchanged, compared to its average volume of 4,978,445. The company’s 50-day moving average price is $63.31 and its two-hundred day moving average price is $57.22. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.87 and a quick ratio of 0.73. Johnson Controls International plc has a 52-week low of $47.90 and a 52-week high of $70.43. The company has a market capitalization of $42.02 billion, a price-to-earnings ratio of 25.26, a P/E/G ratio of 1.55 and a beta of 1.23.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Wednesday, May 1st. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.75 by $0.03. The business had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.51 billion. Johnson Controls International had a return on equity of 13.21% and a net margin of 6.32%. Johnson Controls International’s revenue was down 6.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.75 earnings per share. Research analysts predict that Johnson Controls International plc will post 3.61 EPS for the current year.

Johnson Controls International Dividend Announcement

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 $0.37 dividend. The ex-dividend date was Friday, March 22nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.37%. Johnson Controls International’s dividend payout ratio is 59.92%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Oppenheimer dropped their price objective on Johnson Controls International from $71.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday. Mizuho cut shares of Johnson Controls International from a “buy” rating to a “neutral” rating and set a $62.00 price target on the stock. in a research report on Friday, February 23rd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $60.00 price objective (down previously from $65.00) on shares of Johnson Controls International in a research report on Wednesday, January 31st. Melius Research reaffirmed a “hold” rating on shares of Johnson Controls International in a research note on Tuesday, January 30th. Finally, Barclays cut their target price on shares of Johnson Controls International from $61.00 to $59.00 and set an “equal weight” rating for the company in a research note on Thursday. 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’s stock. Based on data from MarketBeat.com, Johnson Controls International currently has a consensus rating of “Hold” and a consensus target price of $64.25.

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.