OLD National Bancorp IN Takes $200,000 Position in Johnson Controls International plc (NYSE:JCI)

OLD National Bancorp IN purchased a new stake in Johnson Controls International plc (NYSE:JCI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,471 shares of the company’s stock, valued at approximately $200,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. M. Kulyk & Associates LLC grew its holdings in shares of Johnson Controls International by 2.6% in the 3rd quarter. M. Kulyk & Associates LLC now owns 92,945 shares of the company’s stock valued at $4,946,000 after buying an additional 2,336 shares during the period. RPG Investment Advisory LLC boosted its stake in Johnson Controls International by 19.3% in the 4th quarter. RPG Investment Advisory LLC now owns 196,559 shares of the company’s stock worth $11,330,000 after purchasing an additional 31,759 shares during the period. Quantbot Technologies LP boosted its stake in Johnson Controls International by 249.8% in the 3rd quarter. Quantbot Technologies LP now owns 23,934 shares of the company’s stock worth $1,274,000 after purchasing an additional 17,091 shares during the period. ANTIPODES PARTNERS Ltd boosted its stake in Johnson Controls International by 89.4% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 253,859 shares of the company’s stock worth $14,632,000 after purchasing an additional 119,844 shares during the period. Finally, Wealthspire Advisors LLC boosted its stake in Johnson Controls International by 47.6% in the 3rd quarter. Wealthspire Advisors LLC now owns 4,595 shares of the company’s stock worth $244,000 after purchasing an additional 1,481 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.

Johnson Controls International Stock Up 1.0 %

Shares of JCI stock opened at $65.11 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.73 and a current ratio of 0.97. The firm’s 50-day moving average is $62.79 and its 200-day moving average is $56.87. The stock has a market cap of $44.37 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 1.62 and a beta of 1.24. Johnson Controls International plc has a 52-week low of $47.90 and a 52-week high of $70.43.

Johnson Controls International (NYSE:JCI) last issued 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. The company had revenue of $6.09 billion for the quarter, compared to analysts’ expectations of $6.94 billion. Johnson Controls International had a net margin of 7.85% and a return on equity of 13.08%. Johnson Controls International’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.67 EPS. Sell-side analysts predict that Johnson Controls International plc will post 3.61 EPS for the current year.

Johnson Controls International Dividend Announcement

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 $0.37 dividend. The ex-dividend date was Friday, March 22nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.27%. Johnson Controls International’s payout ratio is 48.21%.

Wall Street Analyst Weigh In

JCI has been the subject of a number of research analyst reports. Melius Research reaffirmed a “hold” rating on shares of Johnson Controls International in a research note on Tuesday, January 30th. Oppenheimer upped their target price on shares of Johnson Controls International from $66.00 to $71.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. Wells Fargo & Company upped their target price on shares of Johnson Controls International from $64.00 to $73.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Barclays increased their price objective on shares of Johnson Controls International from $59.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 2nd. Finally, Royal Bank of Canada reduced their price objective on shares of Johnson Controls International from $50.00 to $48.00 and set an “underperform” rating for the company in a research note on Wednesday, January 31st. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price 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.