Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Johnson Controls International plc (NYSE:JCI – Get Rating) by 0.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 377,636 shares of the company’s stock after buying an additional 857 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.05% of Johnson Controls International worth $24,762,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of JCI. Norges Bank acquired a new position in Johnson Controls International during the fourth quarter valued at $552,369,000. Schroder Investment Management Group raised its position in Johnson Controls International by 759.0% during the fourth quarter. Schroder Investment Management Group now owns 3,031,203 shares of the company’s stock valued at $246,468,000 after buying an additional 2,678,321 shares during the period. Adage Capital Partners GP L.L.C. raised its position in Johnson Controls International by 158.1% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 2,232,250 shares of the company’s stock valued at $181,504,000 after buying an additional 1,367,535 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in Johnson Controls International in the fourth quarter valued at about $110,475,000. Finally, BlackRock Inc. grew its stake in Johnson Controls International by 2.2% in the fourth quarter. BlackRock Inc. now owns 58,601,139 shares of the company’s stock valued at $4,764,859,000 after purchasing an additional 1,257,916 shares in the last quarter. 88.54% of the stock is currently owned by hedge funds and other institutional investors.
NYSE JCI opened at $48.48 on Friday. Johnson Controls International plc has a twelve month low of $46.33 and a twelve month high of $81.77. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.78 and a current ratio of 1.00. The stock has a market capitalization of $33.73 billion, a PE ratio of 27.86, a P/E/G ratio of 1.09 and a beta of 1.15. The stock has a 50-day simple moving average of $52.81 and a 200 day simple moving average of $63.65.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Tuesday, June 21st will be issued a $0.35 dividend. The ex-dividend date of this dividend is Friday, June 17th. This represents a $1.40 annualized dividend and a yield of 2.89%. Johnson Controls International’s dividend payout ratio (DPR) is 80.46%.
A number of brokerages have commented on JCI. Deutsche Bank Aktiengesellschaft lowered their target price on Johnson Controls International from $79.00 to $70.00 in a research note on Thursday, May 5th. TheStreet downgraded Johnson Controls International from a “b” rating to a “c+” rating in a research note on Wednesday, May 4th. Cowen lowered their target price on Johnson Controls International from $86.00 to $70.00 in a research note on Thursday, May 5th. Barclays lowered their target price on Johnson Controls International from $68.00 to $65.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 24th. Finally, Oppenheimer decreased their price target on Johnson Controls International from $85.00 to $70.00 in a research note on Thursday, May 5th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $70.60.
About Johnson Controls International (Get Rating)
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.
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