Johnson Controls International plc (NYSE:JCI) Stake Lowered by Handelsbanken Fonder AB

Handelsbanken Fonder AB reduced its stake in shares of Johnson Controls International plc (NYSE:JCI) by 66.2% during the 4th quarter, HoldingsChannel reports. The fund owned 143,447 shares of the company’s stock after selling 280,541 shares during the period. Handelsbanken Fonder AB’s holdings in Johnson Controls International were worth $8,268,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. CWM LLC grew its holdings in shares of Johnson Controls International by 8.8% during the 4th quarter. CWM LLC now owns 24,851 shares of the company’s stock valued at $1,432,000 after acquiring an additional 2,003 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Johnson Controls International by 1.2% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 63,156 shares of the company’s stock valued at $3,640,000 after purchasing an additional 730 shares during the last quarter. Verdence Capital Advisors LLC lifted its stake in shares of Johnson Controls International by 7.1% in the 4th quarter. Verdence Capital Advisors LLC now owns 5,401 shares of the company’s stock valued at $311,000 after purchasing an additional 358 shares during the last quarter. Lindbrook Capital LLC lifted its stake in shares of Johnson Controls International by 62.9% in the 4th quarter. Lindbrook Capital LLC now owns 2,878 shares of the company’s stock valued at $166,000 after purchasing an additional 1,111 shares during the last quarter. Finally, Grandfield & Dodd LLC lifted its stake in shares of Johnson Controls International by 1.2% in the 4th quarter. Grandfield & Dodd LLC now owns 602,551 shares of the company’s stock valued at $34,731,000 after purchasing an additional 6,921 shares during the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

JCI has been the subject of several analyst reports. Oppenheimer lifted their price objective on shares of Johnson Controls International from $66.00 to $71.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. Wells Fargo & Company lifted their price objective on shares of Johnson Controls International from $64.00 to $73.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. HSBC lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $60.00 price objective for the company. in a research note on Wednesday, January 31st. 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 report on Tuesday, April 2nd. Finally, StockNews.com lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Johnson Controls International has a consensus rating of “Hold” and a consensus price target of $64.50.

Johnson Controls International Price Performance

Shares of Johnson Controls International stock opened at $64.60 on Thursday. The company has a current ratio of 0.97, a quick ratio of 0.73 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $44.02 billion, a price-to-earnings ratio of 21.04, a P/E/G ratio of 1.64 and a beta of 1.24. Johnson Controls International plc has a 1-year low of $47.90 and a 1-year high of $70.43. The firm’s 50-day moving average price is $62.49 and its two-hundred day moving average price is $56.73.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Tuesday, January 30th. The company reported $0.51 earnings per share for the quarter, hitting the consensus estimate of $0.51. The firm had revenue of $6.09 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.67 earnings per share. On average, equities 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. Stockholders of record on Monday, March 25th were given a dividend of $0.37 per share. The ex-dividend date was Friday, March 22nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.29%. Johnson Controls International’s payout ratio is 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.