Meyer Handelman Co. Grows Holdings in Johnson Controls International plc (NYSE:JCI)

Meyer Handelman Co. raised its position in Johnson Controls International plc (NYSE:JCIGet Rating) by 0.4% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 230,462 shares of the company’s stock after buying an additional 908 shares during the quarter. Meyer Handelman Co.’s holdings in Johnson Controls International were worth $11,034,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Wellington Management Group LLP increased its position in Johnson Controls International by 20.8% during the 1st quarter. Wellington Management Group LLP now owns 57,842,396 shares of the company’s stock worth $3,792,726,000 after purchasing an additional 9,941,674 shares in the last quarter. Norges Bank bought a new position in Johnson Controls International during the fourth quarter worth $552,369,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of Johnson Controls International during the first quarter valued at $134,563,000. Adage Capital Partners GP L.L.C. grew its holdings 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 worth $181,504,000 after acquiring an additional 1,367,535 shares during the period. Finally, BlackRock Inc. grew its holdings in Johnson Controls International by 2.2% during the fourth quarter. BlackRock Inc. now owns 58,601,139 shares of the company’s stock worth $4,764,859,000 after acquiring an additional 1,257,916 shares during the period. 88.79% of the stock is owned by institutional investors and hedge funds.

Johnson Controls International Price Performance

Shares of JCI stock traded down $0.81 on Friday, reaching $50.43. The company’s stock had a trading volume of 113,345 shares, compared to its average volume of 4,007,433. The company has a quick ratio of 0.76, a current ratio of 0.97 and a debt-to-equity ratio of 0.42. Johnson Controls International plc has a 12-month low of $45.52 and a 12-month high of $81.77. The company has a market capitalization of $34.74 billion, a P/E ratio of 34.39, a PEG ratio of 1.18 and a beta of 1.17. The stock’s 50 day simple moving average is $54.44 and its 200-day simple moving average is $55.80.

Johnson Controls International (NYSE:JCIGet Rating) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.01. Johnson Controls International had a return on equity of 11.35% and a net margin of 4.17%. The business had revenue of $6.61 billion for the quarter, compared to the consensus estimate of $6.76 billion. During the same quarter last year, the business posted $0.83 earnings per share. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, equities analysts predict that Johnson Controls International plc will post 3 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Monday, September 26th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, September 23rd. This represents a $1.40 annualized dividend and a yield of 2.78%. Johnson Controls International’s payout ratio is 93.96%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Wells Fargo & Company decreased their price objective on Johnson Controls International from $60.00 to $56.00 in a research report on Tuesday, July 12th. Morgan Stanley boosted their price objective on Johnson Controls International from $61.00 to $62.00 and gave the company an “overweight” rating in a research report on Thursday, September 1st. Deutsche Bank Aktiengesellschaft decreased their price target on Johnson Controls International from $70.00 to $61.00 in a research note on Wednesday, July 13th. The Goldman Sachs Group cut their price target on Johnson Controls International from $73.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, June 23rd. Finally, Barclays cut their price target on Johnson Controls International from $65.00 to $60.00 and set an “overweight” rating on the stock in a research note on Friday, July 8th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Johnson Controls International presently has a consensus rating of “Moderate Buy” and an average price target of $67.71.

About Johnson Controls International

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

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