Sumitomo Mitsui Trust Holdings Inc. Acquires 101,184 Shares of Johnson Controls International plc (NYSE:JCI)

Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 6.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,751,410 shares of the company’s stock after purchasing an additional 101,184 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.26% of Johnson Controls International worth $100,951,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in JCI. Raymond James Trust N.A. increased its holdings in shares of Johnson Controls International by 3.1% during the first quarter. Raymond James Trust N.A. now owns 13,142 shares of the company’s stock worth $862,000 after purchasing an additional 401 shares during the period. Synovus Financial Corp increased its stake in Johnson Controls International by 3.6% in the first quarter. Synovus Financial Corp now owns 12,080 shares of the company’s stock valued at $786,000 after acquiring an additional 425 shares during the last quarter. Baird Financial Group Inc. increased its stake in Johnson Controls International by 0.7% in the first quarter. Baird Financial Group Inc. now owns 70,039 shares of the company’s stock valued at $4,593,000 after acquiring an additional 461 shares during the last quarter. Brown Brothers Harriman & Co. increased its stake in Johnson Controls International by 23.0% in the first quarter. Brown Brothers Harriman & Co. now owns 7,581 shares of the company’s stock valued at $497,000 after acquiring an additional 1,418 shares during the last quarter. Finally, Mackenzie Financial Corp increased its stake in Johnson Controls International by 3.5% in the first quarter. Mackenzie Financial Corp now owns 371,039 shares of the company’s stock valued at $24,329,000 after acquiring an additional 12,648 shares during the last quarter. 90.05% of the stock is owned by institutional investors.

Johnson Controls International Price Performance

Shares of NYSE:JCI opened at $64.22 on Wednesday. The firm has a market cap of $43.76 billion, a PE ratio of 20.92, a price-to-earnings-growth ratio of 1.62 and a beta of 1.24. 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 52 week low of $47.90 and a 52 week high of $70.43. The firm’s fifty day moving average is $61.42 and its 200-day moving average is $56.24.

Johnson Controls International (NYSE:JCI) last released its earnings results on Tuesday, January 30th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.51. The business had revenue of $6.09 billion for the quarter, compared to analyst estimates 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 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 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Monday, March 25th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.30%. The ex-dividend date is Friday, March 22nd. Johnson Controls International’s dividend payout ratio (DPR) is currently 48.21%.

Analyst Upgrades and Downgrades

JCI has been the topic of a number of recent analyst reports. Argus cut shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Tuesday, February 20th. HSBC cut 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. Citigroup boosted their target price on shares of Johnson Controls International from $59.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Royal Bank of Canada decreased their target price on shares of Johnson Controls International from $50.00 to $48.00 and set an “underperform” rating on the stock in a research note on Wednesday, January 31st. Finally, Barclays boosted 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. 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’s stock. According to data from MarketBeat, Johnson Controls International has a consensus rating of “Hold” and an average price target of $64.08.

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.