Sumitomo Mitsui DS Asset Management Company Ltd Has $3.64 Million Position in Johnson Controls International plc (NYSE:JCI)

Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Johnson Controls International plc (NYSE:JCI) by 1.2% during the 4th quarter, HoldingsChannel reports. The firm owned 63,156 shares of the company’s stock after purchasing an additional 730 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Johnson Controls International were worth $3,640,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Qube Research & Technologies Ltd boosted its holdings in Johnson Controls International by 178.1% during the third quarter. Qube Research & Technologies Ltd now owns 2,287,801 shares of the company’s stock valued at $121,734,000 after acquiring an additional 1,465,136 shares during the period. AQR Capital Management LLC boosted its holdings in Johnson Controls International by 189.5% in the 3rd quarter. AQR Capital Management LLC now owns 991,249 shares of the company’s stock valued at $52,744,000 after purchasing an additional 648,790 shares during the period. Ameriprise Financial Inc. grew its position in Johnson Controls International by 35.0% in 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 during the last quarter. Hsbc Holdings PLC grew its position in Johnson Controls International by 155.9% in the 3rd quarter. Hsbc Holdings PLC now owns 1,014,178 shares of the company’s stock worth $53,732,000 after purchasing an additional 617,925 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of Johnson Controls International by 55.7% during the third quarter. Envestnet Asset Management Inc. now owns 1,714,237 shares of the company’s stock valued at $91,215,000 after buying an additional 613,341 shares during the last quarter. 90.05% of the stock is owned by institutional investors.

Johnson Controls International Price Performance

JCI stock opened at $64.64 on Tuesday. The stock has a market cap of $44.05 billion, a PE ratio of 21.06, a price-to-earnings-growth ratio of 1.60 and a beta of 1.24. The stock has a 50-day moving average price of $62.13 and a two-hundred day moving average price of $56.58. Johnson Controls International plc has a 1 year low of $47.90 and a 1 year 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.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Tuesday, January 30th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.51. Johnson Controls International had a return on equity of 13.08% and a net margin of 7.85%. The business had revenue of $6.09 billion for the quarter, compared to analyst estimates of $6.94 billion. During the same quarter last year, the firm earned $0.67 EPS. Johnson Controls International’s revenue for the quarter was up .4% compared to the same quarter last year. Equities analysts forecast that Johnson Controls International plc will post 3.61 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Monday, March 25th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.29%. The ex-dividend date was Friday, March 22nd. Johnson Controls International’s payout ratio is 48.21%.

Analyst Ratings Changes

JCI has been the topic of several research reports. Oppenheimer boosted their price target on Johnson Controls International from $66.00 to $71.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. HSBC cut Johnson Controls International from a “buy” rating to a “hold” rating and set a $60.00 price objective on the stock. in a research report on Wednesday, January 31st. Melius Research reaffirmed a “hold” rating on shares of Johnson Controls International in a research report on Tuesday, January 30th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $60.00 price target (down previously from $65.00) on shares of Johnson Controls International in a report on Wednesday, January 31st. Finally, Argus downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Tuesday, February 20th. 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. According to MarketBeat.com, Johnson Controls International presently has a consensus rating of “Hold” and an average price target of $64.50.

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.