International Assets Investment Management LLC Makes New Investment in Johnson Controls International plc (NYSE:JCI)

International Assets Investment Management LLC purchased a new position in shares of Johnson Controls International plc (NYSE:JCI) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 48,129 shares of the company’s stock, valued at approximately $2,774,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of JCI. NBC Securities Inc. acquired a new position in shares of Johnson Controls International during the third quarter worth about $26,000. Certified Advisory Corp acquired a new position in shares of Johnson Controls International during the first quarter worth about $26,000. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Johnson Controls International during the third quarter worth about $30,000. Headinvest LLC acquired a new position in shares of Johnson Controls International during the third quarter worth about $30,000. Finally, West Paces Advisors Inc. acquired a new position in shares of Johnson Controls International during the third quarter worth about $31,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Controls International Price Performance

JCI stock opened at $63.77 on Friday. The company has a market capitalization of $43.46 billion, a P/E ratio of 20.77, a PEG ratio of 1.61 and a beta of 1.24. Johnson Controls International plc has a twelve month low of $47.90 and a twelve month high of $70.43. The business has a 50 day simple moving average of $61.78 and a 200-day simple moving average of $56.35. 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 released its quarterly earnings results on Tuesday, January 30th. The company reported $0.51 EPS 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 during the quarter, compared to analysts’ expectations of $6.94 billion. During the same quarter in the prior year, the business earned $0.67 earnings per share. The company’s quarterly revenue was up .4% compared to the same quarter last year. As a group, equities analysts anticipate that Johnson Controls International plc will post 3.61 EPS for the current year.

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 19th. Stockholders of record on Monday, March 25th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend is Friday, March 22nd. Johnson Controls International’s dividend payout ratio (DPR) is presently 48.21%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Argus downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Tuesday, February 20th. TheStreet raised Johnson Controls International from a “c+” rating to a “b-” rating in a report on Tuesday, December 26th. Royal Bank of Canada lowered their price target on Johnson Controls International from $50.00 to $48.00 and set an “underperform” rating for the company in a report on Wednesday, January 31st. Oppenheimer upped their price target on Johnson Controls International from $66.00 to $71.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $60.00 price target (down from $65.00) on shares of Johnson Controls International in a report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target 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.