Sumitomo Mitsui DS Asset Management Company Ltd Raises Stock Position in Johnson Controls International plc (NYSE:JCI)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Johnson Controls International plc (NYSE:JCI) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,156 shares of the company’s stock after acquiring 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 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Turtle Creek Wealth Advisors LLC purchased a new stake in Johnson Controls International during the fourth quarter worth $25,000. NBC Securities Inc. purchased a new stake in shares of Johnson Controls International in the 3rd quarter worth about $26,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in Johnson Controls International in the 3rd quarter valued at about $30,000. Headinvest LLC acquired a new stake in Johnson Controls International in the 3rd quarter valued at about $30,000. Finally, West Paces Advisors Inc. purchased a new position in Johnson Controls International during the 3rd quarter valued at about $31,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Johnson Controls International Stock Performance

Shares of JCI stock opened at $64.64 on Tuesday. The firm has a market capitalization of $44.05 billion, a price-to-earnings ratio of 21.06, a price-to-earnings-growth ratio of 1.60 and a beta of 1.24. The company has a 50 day moving average price of $62.13 and a 200 day moving average price of $56.58. Johnson Controls International plc has a one year low of $47.90 and a one year high of $70.43. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.73 and a current ratio of 0.97.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Tuesday, January 30th. The company reported $0.51 earnings per share for the quarter, hitting the consensus estimate 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 period last year, the company posted $0.67 EPS. The business’s quarterly revenue was up .4% on a year-over-year basis. Sell-side analysts anticipate that Johnson Controls International plc will post 3.61 EPS for the current year.

Johnson Controls International Announces Dividend

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

Analyst Upgrades and Downgrades

JCI has been the topic of several research reports. Citigroup increased their price target on shares of Johnson Controls International from $59.00 to $68.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Melius Research reissued a “hold” rating on shares of Johnson Controls International in a research report on Tuesday, January 30th. Wells Fargo & Company boosted their price target 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 price objective on the stock. in a research note on Friday, February 23rd. Finally, TheStreet raised shares of Johnson Controls International from a “c+” rating to a “b-” rating in a research note on Tuesday, December 26th. 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 company presently has an average rating of “Hold” and a consensus target price of $64.50.

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.