Summit Asset Management LLC Boosts Stock Holdings in Johnson Controls International plc (NYSE:JCI)

Summit Asset Management LLC lifted its stake in Johnson Controls International plc (NYSE:JCI) by 11.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 10,045 shares of the company’s stock after buying an additional 1,000 shares during the period. Summit Asset Management LLC’s holdings in Johnson Controls International were worth $579,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Qube Research & Technologies Ltd increased its stake in 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 purchasing an additional 1,465,136 shares during the period. AQR Capital Management LLC grew its holdings 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 worth $52,744,000 after acquiring an additional 648,790 shares during the last quarter. Ameriprise Financial Inc. grew its holdings 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 worth $126,944,000 after acquiring an additional 618,920 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of Johnson Controls International by 4.8% in the fourth quarter. Fisher Asset Management LLC now owns 13,528,240 shares of the company’s stock valued at $779,768,000 after acquiring an additional 618,120 shares during the period. Finally, Hsbc Holdings PLC raised its stake in shares of Johnson Controls International by 155.9% during the third quarter. Hsbc Holdings PLC now owns 1,014,178 shares of the company’s stock valued at $53,732,000 after acquiring an additional 617,925 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Down 0.4 %

JCI traded down $0.24 during midday trading on Thursday, reaching $60.23. The company’s stock had a trading volume of 2,585,039 shares, compared to its average volume of 5,610,078. Johnson Controls International plc has a 1 year low of $47.90 and a 1 year high of $70.43. The stock’s 50-day moving average is $63.18 and its 200-day moving average is $57.13. The firm has a market capitalization of $41.05 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 1.63 and a beta of 1.23. 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 (NYSE:JCI) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.03. The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.51 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 down 6.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.75 EPS. As a group, research analysts expect that Johnson Controls International plc will post 3.61 EPS for the current year.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Monday, March 25th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.46%. The ex-dividend date was Friday, March 22nd. Johnson Controls International’s dividend payout ratio (DPR) is 48.21%.

Analyst Upgrades and Downgrades

JCI has been the topic of a number of research analyst reports. Mizuho downgraded Johnson Controls International from a “buy” rating to a “neutral” rating and set a $62.00 price target on the stock. in a report on Friday, February 23rd. Oppenheimer decreased their target price on Johnson Controls International from $71.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday. Argus cut shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Tuesday, February 20th. StockNews.com lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Thursday, January 25th. Finally, HSBC lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $60.00 target price on the stock. in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $64.42.

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.