Victory Capital Management Inc. Buys 135,691 Shares of Johnson Controls International plc (NYSE:JCI)

Victory Capital Management Inc. lifted its stake in Johnson Controls International plc (NYSE:JCI) by 20.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 815,777 shares of the company’s stock after acquiring an additional 135,691 shares during the period. Victory Capital Management Inc. owned approximately 0.12% of Johnson Controls International worth $47,021,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in JCI. Commonwealth Equity Services LLC raised its position in Johnson Controls International by 7.0% during the third quarter. Commonwealth Equity Services LLC now owns 87,502 shares of the company’s stock valued at $4,656,000 after purchasing an additional 5,698 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Johnson Controls International by 103.5% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 62,577 shares of the company’s stock worth $3,330,000 after buying an additional 31,826 shares during the period. Stratos Wealth Partners LTD. increased its holdings in shares of Johnson Controls International by 4.6% in the third quarter. Stratos Wealth Partners LTD. now owns 6,654 shares of the company’s stock worth $354,000 after buying an additional 293 shares during the period. Independent Advisor Alliance increased its holdings in shares of Johnson Controls International by 6.6% in the third quarter. Independent Advisor Alliance now owns 5,328 shares of the company’s stock worth $284,000 after buying an additional 330 shares during the period. Finally, J.W. Cole Advisors Inc. increased its holdings in shares of Johnson Controls International by 21.4% in the third quarter. J.W. Cole Advisors Inc. now owns 3,827 shares of the company’s stock worth $204,000 after buying an additional 675 shares during the period. 90.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Melius Research reiterated a “hold” rating on shares of Johnson Controls International in a report on Tuesday, January 30th. Argus downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a report on Tuesday, February 20th. Royal Bank of Canada reduced their price target on Johnson Controls International from $50.00 to $48.00 and set an “underperform” rating on the stock in a report on Wednesday, January 31st. Citigroup boosted their price target on Johnson Controls International from $59.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Finally, StockNews.com cut Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. 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 company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $64.25.

Johnson Controls International Stock Performance

Shares of JCI opened at $62.38 on Monday. The company has a quick ratio of 0.65, a current ratio of 0.87 and a debt-to-equity ratio of 0.44. The business’s 50 day moving average price is $63.31 and its 200-day moving average price is $57.30. Johnson Controls International plc has a 52 week low of $47.90 and a 52 week high of $70.43. The stock has a market cap of $42.02 billion, a P/E ratio of 25.26, a P/E/G ratio of 1.59 and a beta of 1.23.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. Johnson Controls International had a return on equity of 13.21% and a net margin of 6.32%. The firm had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.51 billion. During the same period in the previous year, the firm posted $0.75 EPS. The business’s revenue for the quarter was down 6.1% compared to the same quarter last year. Equities research 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 business also recently declared a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Monday, March 25th were given 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 dividend yield of 2.37%. Johnson Controls International’s dividend payout ratio is currently 59.92%.

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.