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

Cerity Partners LLC grew its stake in shares of Johnson Controls International plc (NYSE:JCI) by 6.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,905 shares of the company’s stock after purchasing an additional 785 shares during the period. Cerity Partners LLC’s holdings in Johnson Controls International were worth $744,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of JCI. Qube Research & Technologies Ltd boosted its stake in 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 worth $121,734,000 after purchasing an additional 1,465,136 shares during the period. AQR Capital Management LLC boosted its position in shares of Johnson Controls International by 189.5% in the third quarter. AQR Capital Management LLC now owns 991,249 shares of the company’s stock worth $52,744,000 after buying an additional 648,790 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Johnson Controls International by 35.0% during the third quarter. Ameriprise Financial Inc. now owns 2,387,899 shares of the company’s stock valued at $126,944,000 after buying an additional 618,920 shares in the last quarter. Hsbc Holdings PLC raised its position in Johnson Controls International by 155.9% during the third quarter. Hsbc Holdings PLC now owns 1,014,178 shares of the company’s stock valued at $53,732,000 after buying an additional 617,925 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in Johnson Controls International by 55.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,714,237 shares of the company’s stock worth $91,215,000 after acquiring an additional 613,341 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on JCI shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $60.00 target price (down previously from $65.00) on shares of Johnson Controls International in a research note on Wednesday, January 31st. Wells Fargo & Company boosted their price objective on shares of Johnson Controls International from $64.00 to $73.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Melius Research reissued a “hold” rating on shares of Johnson Controls International in a research note on Tuesday, January 30th. Citigroup boosted their price target on shares of Johnson Controls International from $59.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Finally, Argus lowered Johnson Controls International from a “buy” rating to a “hold” rating in a report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $64.50.

Johnson Controls International Price Performance

NYSE JCI opened at $65.17 on Wednesday. Johnson Controls International plc has a fifty-two week low of $47.90 and a fifty-two week high of $70.43. The stock’s 50-day moving average is $62.34 and its two-hundred day moving average is $56.67. The firm has a market cap of $44.41 billion, a P/E ratio of 21.23, a price-to-earnings-growth ratio of 1.60 and a beta of 1.24. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.97 and a quick ratio of 0.73.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Tuesday, January 30th. The company reported $0.51 earnings per share for the quarter, meeting analysts’ consensus estimates 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 firm’s revenue was up .4% compared to the same quarter last year. During the same period last year, the business earned $0.67 EPS. On average, analysts anticipate that Johnson Controls International plc will post 3.61 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

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

Johnson Controls International 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.