Johnson Controls International plc (NYSE:JCI) Shares Acquired by Navalign LLC

Navalign LLC lifted its stake in shares of Johnson Controls International plc (NYSE:JCI) by 6.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,137 shares of the company’s stock after acquiring an additional 1,001 shares during the period. Navalign LLC’s holdings in Johnson Controls International were worth $930,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in JCI. Norges Bank purchased a new position in shares of Johnson Controls International in the 4th quarter worth about $419,897,000. Morgan Stanley raised its holdings in shares of Johnson Controls International by 40.7% during the 4th 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 during the period. Qube Research & Technologies Ltd raised its holdings in shares of Johnson Controls International by 178.1% during the 3rd quarter. Qube Research & Technologies Ltd now owns 2,287,801 shares of the company’s stock valued at $121,734,000 after buying an additional 1,465,136 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of Johnson Controls International during the 1st quarter valued at about $63,435,000. Finally, Barclays PLC raised its holdings in shares of Johnson Controls International by 160.8% during the 2nd quarter. Barclays PLC now owns 1,379,404 shares of the company’s stock valued at $93,992,000 after buying an additional 850,405 shares during the period. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Controls International Stock Performance

JCI traded up $0.45 during trading on Thursday, hitting $65.32. The stock had a trading volume of 7,772,385 shares, compared to its average volume of 5,921,119. The firm has a market cap of $44.51 billion, a PE ratio of 21.28, a P/E/G ratio of 1.59 and a beta of 1.24. Johnson Controls International plc has a 12 month low of $47.90 and a 12 month high of $70.43. 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 company has a 50 day simple moving average of $58.49 and a 200-day simple moving average of $55.33.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Tuesday, January 30th. The company reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. The firm had revenue of $6.09 billion for 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 business’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter last year, the firm posted $0.67 EPS. Analysts expect that Johnson Controls International plc will post 3.62 EPS 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 given a $0.37 dividend. The ex-dividend date is Friday, March 22nd. This represents a $1.48 annualized dividend and a yield of 2.27%. Johnson Controls International’s dividend payout ratio is 48.21%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Citigroup raised their target price on Johnson Controls International from $58.00 to $61.00 and gave the company a “neutral” rating in a report on Monday, December 11th. Royal Bank of Canada lowered their price objective on Johnson Controls International from $50.00 to $48.00 and set an “underperform” rating for the company in a research note on Wednesday, January 31st. HSBC lowered 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. TheStreet upgraded Johnson Controls International from a “c+” rating to a “b-” rating in a research note on Tuesday, December 26th. Finally, Oppenheimer restated an “outperform” rating and set a $66.00 price objective on shares of Johnson Controls International in a research note on Wednesday, December 13th. One 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $62.58.

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.