Johnson Controls International plc (NYSE:JCI) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. grew its stake in shares of Johnson Controls International plc (NYSE:JCI) by 57.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 104,795 shares of the company’s stock after acquiring an additional 38,166 shares during the period. Daiwa Securities Group Inc.’s holdings in Johnson Controls International were worth $6,040,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Invesco Ltd. lifted its holdings in shares of Johnson Controls International by 4.7% during the third quarter. Invesco Ltd. now owns 13,063,227 shares of the company’s stock valued at $695,094,000 after purchasing an additional 588,724 shares during the last quarter. Geode Capital Management LLC lifted its stake in Johnson Controls International by 1.8% during the first quarter. Geode Capital Management LLC now owns 12,241,814 shares of the company’s stock valued at $735,258,000 after buying an additional 214,832 shares in the last quarter. Morgan Stanley lifted its stake in Johnson Controls International by 40.7% during the fourth quarter. Morgan Stanley now owns 9,990,590 shares of the company’s stock valued at $639,398,000 after buying an additional 2,890,395 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Johnson Controls International by 6.2% in the third quarter. Northern Trust Corp now owns 7,065,473 shares of the company’s stock worth $375,954,000 after buying an additional 415,056 shares during the period. Finally, Norges Bank purchased a new position in shares of Johnson Controls International in the fourth quarter worth approximately $419,897,000. 90.05% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

JCI has been the subject of several research analyst reports. Citigroup upped their price target on shares of Johnson Controls International from $59.00 to $68.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $60.00 target price (down previously from $65.00) on shares of Johnson Controls International in a report on Wednesday, January 31st. HSBC downgraded Johnson Controls International from a “buy” rating to a “hold” rating and set a $60.00 price target on the stock. in a report on Wednesday, January 31st. Barclays increased their price objective on 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, StockNews.com lowered Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $64.50.

Johnson Controls International Trading Down 0.2 %

Shares of NYSE JCI opened at $63.66 on Friday. The stock has a market cap of $43.38 billion, a price-to-earnings ratio of 20.74, a PEG ratio of 1.60 and a beta of 1.24. The business has a 50 day simple moving average of $61.94 and a 200 day simple moving average of $56.42. 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.

Johnson Controls International (NYSE:JCI) last posted its earnings results 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%. The company’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.67 earnings per share. On average, research analysts predict that Johnson Controls International plc will post 3.61 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Monday, March 25th were issued a dividend of $0.37 per share. The ex-dividend date was Friday, March 22nd. This represents a $1.48 annualized dividend and a yield of 2.32%. Johnson Controls International’s dividend payout ratio (DPR) is currently 48.21%.

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.