Bahl & Gaynor Inc. Sells 51,925 Shares of Johnson Controls International plc (NYSE:JCI)

Bahl & Gaynor Inc. cut its position in shares of Johnson Controls International plc (NYSE:JCI) by 11.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 408,741 shares of the company’s stock after selling 51,925 shares during the quarter. Bahl & Gaynor Inc. owned approximately 0.06% of Johnson Controls International worth $23,560,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of JCI. Turtle Creek Wealth Advisors LLC bought a new position in shares of Johnson Controls International during the 4th quarter valued at about $25,000. NBC Securities Inc. bought a new position in Johnson Controls International during the 3rd quarter worth approximately $26,000. Moisand Fitzgerald Tamayo LLC bought a new position in Johnson Controls International during the 3rd quarter worth approximately $30,000. Headinvest LLC bought a new position in Johnson Controls International during the 3rd quarter worth approximately $30,000. Finally, West Paces Advisors Inc. bought a new position in Johnson Controls International during the 3rd quarter worth approximately $31,000. 90.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on JCI. Melius Research restated a “hold” rating on shares of Johnson Controls International in a research report on Tuesday, January 30th. StockNews.com lowered Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. 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. Barclays lifted their price objective on Johnson Controls International from $59.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 2nd. Finally, Wells Fargo & Company lifted their price objective on Johnson Controls International from $64.00 to $73.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Johnson Controls International currently has a consensus rating of “Hold” and an average price target of $64.50.

Johnson Controls International Stock Up 1.0 %

Shares of JCI traded up $0.66 on Friday, reaching $65.11. The stock had a trading volume of 6,348,459 shares, compared to its average volume of 5,543,447. The company has a 50-day simple moving average of $62.79 and a 200-day simple moving average of $56.87. The firm has a market capitalization of $44.37 billion, a price-to-earnings 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 debt-to-equity ratio of 0.45, a quick ratio of 0.73 and a current ratio of 0.97.

Johnson Controls International (NYSE:JCI) last announced 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 during the quarter, compared to analysts’ expectations of $6.94 billion. Johnson Controls International had a return on equity of 13.08% and a net margin of 7.85%. The firm’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.67 earnings per share. Sell-side analysts predict that Johnson Controls International plc will post 3.61 EPS for the current year.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Monday, March 25th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date was Friday, March 22nd. Johnson Controls International’s payout ratio is 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.