Johnson Controls International plc (NYSE:JCI) Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC cut its stake in Johnson Controls International plc (NYSE:JCI) by 1.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 186,890 shares of the company’s stock after selling 2,442 shares during the quarter. Calamos Advisors LLC’s holdings in Johnson Controls International were worth $10,772,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Johnson Controls International in the 4th quarter worth $25,000. NBC Securities Inc. purchased a new position in shares of Johnson Controls International during the 3rd quarter worth $26,000. Certified Advisory Corp purchased a new position in shares of Johnson Controls International during the 1st quarter worth $26,000. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Johnson Controls International during the 3rd quarter worth $30,000. Finally, Headinvest LLC purchased a new position in shares of Johnson Controls International during the 3rd quarter worth $30,000. 90.05% of the stock is owned by institutional investors and hedge funds.

Johnson Controls International Stock Performance

Shares of JCI opened at $63.66 on Friday. The stock has a 50-day simple moving average of $61.94 and a 200-day simple moving average of $56.42. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.73 and a current ratio of 0.97. The stock has a market capitalization of $43.38 billion, a PE ratio of 20.74, a PEG ratio of 1.60 and a beta of 1.24. Johnson Controls International plc has a 1 year low of $47.90 and a 1 year high of $70.43.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Tuesday, January 30th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.51. The business had revenue of $6.09 billion during the quarter, compared to analysts’ expectations of $6.94 billion. Johnson Controls International had a return on equity of 13.08% and a net margin of 7.85%. The business’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter last year, the business posted $0.67 EPS. On average, analysts predict 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 disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Monday, March 25th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.32%. The ex-dividend date was Friday, March 22nd. Johnson Controls International’s payout ratio is presently 48.21%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on JCI. Mizuho cut Johnson Controls International from a “buy” rating to a “neutral” rating and set a $62.00 price target for the company. in a report on Friday, February 23rd. Melius Research reiterated a “hold” rating on shares of Johnson Controls International in a report on Tuesday, January 30th. TheStreet upgraded Johnson Controls International from a “c+” rating to a “b-” rating in a report on Tuesday, December 26th. Royal Bank of Canada lowered their price target on Johnson Controls International from $50.00 to $48.00 and set an “underperform” rating for the company in a report on Wednesday, January 31st. Finally, Argus cut Johnson Controls International from a “buy” rating to a “hold” rating in a report on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $64.50.

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.