Ritholtz Wealth Management lowered its holdings in Johnson Controls International plc (NYSE:JCI – Get Rating) by 44.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,317 shares of the company's stock after selling 3,428 shares during the period. Ritholtz Wealth Management's holdings in Johnson Controls International were worth $207,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Oliver Lagore Vanvalin Investment Group acquired a new stake in Johnson Controls International during the first quarter valued at approximately $27,000. GPS Wealth Strategies Group LLC raised its stake in Johnson Controls International by 722.8% during the first quarter. GPS Wealth Strategies Group LLC now owns 469 shares of the company's stock valued at $31,000 after buying an additional 412 shares in the last quarter. Motco raised its stake in Johnson Controls International by 121.2% during the first quarter. Motco now owns 480 shares of the company's stock valued at $31,000 after buying an additional 263 shares in the last quarter. DeDora Capital Inc. acquired a new stake in Johnson Controls International during the first quarter valued at approximately $33,000. Finally, Salem Investment Counselors Inc. raised its stake in Johnson Controls International by 152.4% during the first quarter. Salem Investment Counselors Inc. now owns 588 shares of the company's stock valued at $39,000 after buying an additional 355 shares in the last quarter. Hedge funds and other institutional investors own 88.79% of the company's stock.
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Analyst Upgrades and Downgrades
Several brokerages have issued reports on JCI. Deutsche Bank Aktiengesellschaft cut their price objective on Johnson Controls International from $70.00 to $61.00 in a research note on Wednesday, July 13th. Barclays dropped their price target on Johnson Controls International from $65.00 to $60.00 and set an "overweight" rating on the stock in a research report on Friday, July 8th. Jefferies Financial Group dropped their price target on Johnson Controls International from $70.00 to $65.00 in a research report on Friday, July 15th. Oppenheimer increased their price target on Johnson Controls International from $62.00 to $63.00 and gave the stock an "outperform" rating in a research report on Monday, August 8th. Finally, The Goldman Sachs Group dropped their price target on Johnson Controls International from $73.00 to $62.00 and set a "buy" rating on the stock in a research report on Thursday, June 23rd. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Johnson Controls International presently has a consensus rating of "Moderate Buy" and a consensus price target of $67.71.
Johnson Controls International Stock Performance
Shares of NYSE JCI opened at $49.29 on Wednesday. The stock has a fifty day moving average price of $54.58 and a two-hundred day moving average price of $55.53. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.76 and a current ratio of 0.97. The firm has a market cap of $33.95 billion, a P/E ratio of 33.08, a PEG ratio of 1.13 and a beta of 1.17. Johnson Controls International plc has a 1 year low of $45.52 and a 1 year high of $81.77.
Johnson Controls International (NYSE:JCI – Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.01. The firm had revenue of $6.61 billion during the quarter, compared to analyst estimates of $6.76 billion. Johnson Controls International had a return on equity of 11.35% and a net margin of 4.17%. The firm's quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the company posted $0.83 EPS. Research analysts forecast that Johnson Controls International plc will post 3 EPS for the current fiscal year.
Johnson Controls International Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Monday, September 26th will be given a $0.35 dividend. The ex-dividend date of this dividend is Friday, September 23rd. This represents a $1.40 annualized dividend and a dividend yield of 2.84%. Johnson Controls International's dividend payout ratio (DPR) is presently 93.96%.
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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