3,921 Shares in Johnson Controls International plc (NYSE:JCI) Purchased by Pointe Capital Management LLC

Pointe Capital Management LLC acquired a new stake in shares of Johnson Controls International plc (NYSE:JCI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,921 shares of the company’s stock, valued at approximately $226,000.

Other large investors have also added to or reduced their stakes in the company. Fisher Asset Management LLC increased its holdings in Johnson Controls International by 4.8% during the fourth quarter. Fisher Asset Management LLC now owns 13,528,240 shares of the company’s stock valued at $779,768,000 after buying an additional 618,120 shares during the last quarter. Invesco Ltd. lifted its position in shares of Johnson Controls International by 4.7% during the 3rd quarter. Invesco Ltd. now owns 13,063,227 shares of the company’s stock valued at $695,094,000 after buying an additional 588,724 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Johnson Controls International by 6.2% during the 3rd quarter. Northern Trust Corp now owns 7,065,473 shares of the company’s stock valued at $375,954,000 after buying an additional 415,056 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Johnson Controls International by 3.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,155,879 shares of the company’s stock worth $327,554,000 after buying an additional 197,770 shares during the period. Finally, abrdn plc boosted its holdings in Johnson Controls International by 1.7% in the 3rd quarter. abrdn plc now owns 4,638,378 shares of the company’s stock worth $246,808,000 after buying an additional 79,543 shares during the period. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Price Performance

NYSE JCI traded up $1.63 during trading hours on Friday, reaching $62.38. The company’s stock had a trading volume of 7,096,178 shares, compared to its average volume of 4,978,445. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.73 and a current ratio of 0.87. Johnson Controls International plc has a fifty-two week low of $47.90 and a fifty-two week high of $70.43. The stock has a market cap of $42.02 billion, a PE ratio of 25.26, a PEG ratio of 1.55 and a beta of 1.23. The company’s 50-day moving average is $63.31 and its two-hundred day moving average is $57.22.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. Johnson Controls International had a return on equity of 13.21% and a net margin of 6.32%. The business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.51 billion. During the same quarter in the previous year, the business earned $0.75 earnings per share. The business’s revenue for the quarter was down 6.1% on a year-over-year basis. Analysts forecast that Johnson Controls International plc will post 3.61 EPS for the current year.

Johnson Controls International Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend was Friday, March 22nd. This represents a $1.48 annualized dividend and a yield of 2.37%. Johnson Controls International’s dividend payout ratio is presently 59.92%.

Wall Street Analysts Forecast Growth

JCI has been the topic of several research reports. Barclays reduced their price target on shares of Johnson Controls International from $61.00 to $59.00 and set an “equal weight” rating on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $60.00 target price (down from $65.00) on shares of Johnson Controls International in a research note on Wednesday, January 31st. HSBC cut shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $60.00 target price on the stock. in a research report on Wednesday, January 31st. Wells Fargo & Company boosted their target price on Johnson Controls International from $64.00 to $73.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Finally, StockNews.com cut Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Thursday, January 25th. One 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $64.25.

About Johnson Controls International

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.