Johnson Controls International plc (NYSE:JCI) Shares Bought by Stevens Capital Management LP

Stevens Capital Management LP raised its stake in Johnson Controls International plc (NYSE:JCI) by 28.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 7,296 shares of the company’s stock after purchasing an additional 1,612 shares during the quarter. Stevens Capital Management LP’s holdings in Johnson Controls International were worth $421,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Johnson Controls International in the fourth quarter worth $25,000. NBC Securities Inc. acquired a new position in Johnson Controls International in the third quarter valued at $26,000. Moisand Fitzgerald Tamayo LLC acquired a new position in Johnson Controls International in the third quarter valued at $30,000. Headinvest LLC acquired a new position in Johnson Controls International in the third quarter valued at $30,000. Finally, West Paces Advisors Inc. purchased a new stake in Johnson Controls International during the third quarter valued at about $31,000. 90.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

JCI has been the subject of several analyst reports. Melius Research reaffirmed a “hold” rating on shares of Johnson Controls International in a research report on Tuesday, January 30th. HSBC downgraded Johnson Controls International from a “buy” rating to a “hold” rating and set a $60.00 target price for the company. in a research report on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $60.00 target price (down previously from $65.00) on shares of Johnson Controls International in a research report on Wednesday, January 31st. Mizuho downgraded Johnson Controls International from a “buy” rating to a “neutral” rating and set a $62.00 target price for the company. in a research report on Friday, February 23rd. Finally, Royal Bank of Canada cut their price target on 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. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Johnson Controls International presently has an average rating of “Hold” and an average target price of $64.50.

Johnson Controls International Stock Performance

Shares of NYSE JCI traded up $0.66 during mid-day trading on Friday, hitting $65.11. The company had a trading volume of 6,348,459 shares, compared to its average volume of 5,543,447. The stock has a market cap of $44.37 billion, a price-to-earnings ratio of 20.99, a PEG ratio of 1.62 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 debt-to-equity ratio of 0.45, a current ratio of 0.97 and a quick ratio of 0.73. The firm’s 50 day simple moving average is $62.63 and its two-hundred day simple moving average is $56.78.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Tuesday, January 30th. The company reported $0.51 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.51. The business had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.94 billion. Johnson Controls International had a return on equity of 13.08% and a net margin of 7.85%. The business’s revenue was up .4% on a year-over-year basis. During the same quarter last year, the business posted $0.67 EPS. As a group, equities research analysts forecast that Johnson Controls International plc will post 3.61 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Monday, March 25th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.27%. The ex-dividend date was Friday, March 22nd. Johnson Controls International’s payout ratio is currently 48.21%.

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.