Gamco Investors INC. ET AL cut its stake in shares of Johnson Controls International PLC (NYSE:JCI) by 2.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,769,941 shares of the auto parts company’s stock after selling 51,759 shares during the period. Gamco Investors INC. ET AL owned approximately 0.19% of Johnson Controls International worth $61,948,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in JCI. First PREMIER Bank acquired a new stake in shares of Johnson Controls International during the second quarter worth $118,000. TRUE Private Wealth Advisors acquired a new stake in shares of Johnson Controls International during the third quarter worth $131,000. FTB Advisors Inc. acquired a new stake in shares of Johnson Controls International during the second quarter worth $138,000. Point72 Hong Kong Ltd acquired a new position in Johnson Controls International in the second quarter valued at about $156,000. Finally, Synovus Financial Corp grew its stake in Johnson Controls International by 87.8% in the third quarter. Synovus Financial Corp now owns 5,282 shares of the auto parts company’s stock valued at $186,000 after acquiring an additional 2,469 shares during the period. 92.83% of the stock is owned by institutional investors and hedge funds.
JCI stock opened at $33.08 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 1.10 and a debt-to-equity ratio of 0.48. The stock has a market cap of $30.06 billion, a PE ratio of 11.82, a PEG ratio of 0.98 and a beta of 0.87. Johnson Controls International PLC has a fifty-two week low of $30.60 and a fifty-two week high of $41.56.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Monday, September 24th were given a dividend of $0.26 per share. The ex-dividend date was Friday, September 21st. This represents a $1.04 annualized dividend and a dividend yield of 3.14%. Johnson Controls International’s dividend payout ratio is currently 40.00%.
A number of research analysts have issued reports on the company. Barclays decreased their target price on Johnson Controls International from $41.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, July 9th. Royal Bank of Canada reissued a “sell” rating and issued a $34.00 target price on shares of Johnson Controls International in a research note on Wednesday, August 1st. Morgan Stanley set a $35.00 target price on Johnson Controls International and gave the company a “hold” rating in a research note on Friday. Zacks Investment Research raised Johnson Controls International from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd. Finally, Citigroup boosted their target price on Johnson Controls International from $45.00 to $46.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $40.29.
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About Johnson Controls International
Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Building Technologies & Solutions and Power Solutions segments. It designs, sells, controls, installs heating, ventilating, and air conditioning systems. The company also provides residential air conditioning and heating systems, and industrial refrigeration products, as well as technical and energy management consulting services.
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