Johnson Controls International PLC (JCI) Holdings Lifted by Synovus Financial Corp

Synovus Financial Corp raised its stake in Johnson Controls International PLC (NYSE:JCI) by 87.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,282 shares of the auto parts company’s stock after buying an additional 2,469 shares during the quarter. Synovus Financial Corp’s holdings in Johnson Controls International were worth $186,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. TRUE Private Wealth Advisors acquired a new position in Johnson Controls International in the third quarter valued at about $131,000. FTB Advisors Inc. acquired a new position in Johnson Controls International in the second quarter valued at about $138,000. Point72 Hong Kong Ltd acquired a new position in Johnson Controls International in the second quarter valued at about $156,000. Checchi Capital Advisers LLC acquired a new position in Johnson Controls International in the third quarter valued at about $218,000. Finally, Seven Eight Capital LP acquired a new position in Johnson Controls International in the third quarter valued at about $219,000. 92.83% of the stock is currently owned by institutional investors.

Shares of JCI opened at $34.35 on Friday. The stock has a market cap of $30.89 billion, a PE ratio of 12.15, a price-to-earnings-growth ratio of 1.01 and a beta of 0.87. Johnson Controls International PLC has a 1 year low of $30.60 and a 1 year high of $41.53. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.79 and a current ratio of 1.10.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Thursday, November 8th. The auto parts company reported $0.93 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.93. The business had revenue of $8.37 billion for the quarter, compared to analysts’ expectations of $8.28 billion. Johnson Controls International had a net margin of 7.27% and a return on equity of 11.84%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.87 earnings per share. As a group, analysts predict that Johnson Controls International PLC will post 2.97 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Monday, September 24th were paid a dividend of $0.26 per share. The ex-dividend date was Friday, September 21st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.03%.

A number of research analysts have commented on JCI shares. Wells Fargo & Co decreased their target price on shares of Johnson Controls International from $41.00 to $38.00 and set a “market perform” rating on the stock in a research report on Friday, September 28th. Morgan Stanley began coverage on shares of Johnson Controls International in a research report on Monday, August 20th. They issued an “equal weight” rating and a $40.00 target price on the stock. Zacks Investment Research cut shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Monday, July 16th. JPMorgan Chase & Co. cut shares of Johnson Controls International from a “neutral” rating to an “underweight” rating and set a $44.00 price target on the stock. in a research report on Friday, September 21st. Finally, Royal Bank of Canada reissued a “sell” rating and set a $31.00 price target on shares of Johnson Controls International in a research report on Friday, July 13th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $40.29.

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About Johnson Controls International

Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Building Technologies & Solutions and Power Solutions segments. It designs, sells, controls, installs heating, ventilating, and air conditioning systems. The company also provides residential air conditioning and heating systems, and industrial refrigeration products, as well as technical and energy management consulting services.

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Institutional Ownership by Quarter for Johnson Controls International (NYSE:JCI)

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