Fisher Asset Management LLC Boosts Holdings in Johnson Controls International plc (NYSE:JCI)

Fisher Asset Management LLC raised its holdings in Johnson Controls International plc (NYSE:JCI) by 4.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,528,240 shares of the company’s stock after purchasing an additional 618,120 shares during the period. Fisher Asset Management LLC owned 1.99% of Johnson Controls International worth $779,768,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of JCI. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Johnson Controls International in the fourth quarter worth about $25,000. NBC Securities Inc. purchased a new position in shares of Johnson Controls International in the third quarter worth about $26,000. Hexagon Capital Partners LLC increased its stake in shares of Johnson Controls International by 114.0% in the fourth quarter. Hexagon Capital Partners LLC now owns 503 shares of the company’s stock worth $29,000 after purchasing an additional 268 shares in the last quarter. Headinvest LLC purchased a new position in shares of Johnson Controls International in the third quarter worth about $30,000. Finally, West Paces Advisors Inc. purchased a new position in shares of Johnson Controls International in the third quarter worth about $31,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Trading Down 0.1 %

Shares of JCI traded down $0.09 during trading hours on Thursday, reaching $60.38. 2,003,186 shares of the company traded hands, compared to its average volume of 5,601,221. The company has a current ratio of 0.97, a quick ratio of 0.73 and a debt-to-equity ratio of 0.45. The stock’s fifty day moving average price is $63.18 and its 200 day moving average price is $57.13. The firm has a market cap of $41.15 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 1.63 and a beta of 1.23. Johnson Controls International plc has a 12-month low of $47.90 and a 12-month high of $70.43.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.03. The firm had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.51 billion. Johnson Controls International had a net margin of 7.85% and a return on equity of 13.08%. The company’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.75 earnings per share. Sell-side analysts forecast that Johnson Controls International plc will post 3.61 earnings per share for the current year.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Monday, March 25th were given a $0.37 dividend. The ex-dividend date was Friday, March 22nd. This represents a $1.48 annualized dividend and a yield of 2.45%. Johnson Controls International’s dividend payout ratio is presently 48.21%.

Wall Street Analysts Forecast Growth

JCI has been the subject of several recent analyst reports. HSBC cut shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $60.00 price objective for the company. in a research note on Wednesday, January 31st. 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. Argus lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Tuesday, February 20th. Barclays lifted their target price on shares of Johnson Controls International from $59.00 to $61.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 2nd. Finally, Mizuho lowered shares of Johnson Controls International from a “buy” rating to a “neutral” rating and set a $62.00 target price for the company. in a research report on Friday, February 23rd. One research 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $64.42.

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.