Johnson Controls International plc (NYSE:JCI) Shares Sold by Swiss National Bank

Swiss National Bank lowered its position in Johnson Controls International plc (NYSE:JCI) by 3.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,127,381 shares of the company’s stock after selling 79,400 shares during the period. Swiss National Bank owned about 0.31% of Johnson Controls International worth $122,622,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Qube Research & Technologies Ltd lifted its holdings in shares of Johnson Controls International by 178.1% in 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. AQR Capital Management LLC lifted its holdings in Johnson Controls International by 189.5% in the third quarter. AQR Capital Management LLC now owns 991,249 shares of the company’s stock valued at $52,744,000 after acquiring an additional 648,790 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Johnson Controls International by 35.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,387,899 shares of the company’s stock worth $126,944,000 after purchasing an additional 618,920 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Johnson Controls International by 4.8% during the 4th quarter. Fisher Asset Management LLC now owns 13,528,240 shares of the company’s stock worth $779,768,000 after purchasing an additional 618,120 shares during the period. Finally, Hsbc Holdings PLC increased its holdings in shares of Johnson Controls International by 155.9% in the 3rd quarter. Hsbc Holdings PLC now owns 1,014,178 shares of the company’s stock valued at $53,732,000 after purchasing an additional 617,925 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Performance

NYSE:JCI opened at $62.36 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.87 and a quick ratio of 0.73. The firm has a market cap of $42.01 billion, a PE ratio of 25.25, a P/E/G ratio of 1.55 and a beta of 1.23. The firm has a 50 day simple moving average of $63.23 and a 200-day simple moving average of $57.15. Johnson Controls International plc has a 1-year low of $47.90 and a 1-year high of $70.43.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.51 billion. During the same period in the previous year, the firm posted $0.75 EPS. Johnson Controls International’s revenue was down 6.1% on a year-over-year basis. On average, equities analysts expect that Johnson Controls International plc will post 3.61 EPS for the current year.

Johnson Controls International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Monday, March 25th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend was Friday, March 22nd. Johnson Controls International’s payout ratio is 59.92%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on JCI shares. Barclays lowered their target price 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. Argus cut Johnson Controls International from a “buy” rating to a “hold” rating in a report on Tuesday, February 20th. Wells Fargo & Company lifted their price objective on Johnson Controls International from $64.00 to $73.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Mizuho lowered Johnson Controls International from a “buy” rating to a “neutral” rating and set a $62.00 target price on the stock. in a report on Friday, February 23rd. Finally, Melius Research reaffirmed a “hold” rating on shares of Johnson Controls International in a research note on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $64.25.

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.