Stevens Capital Management LP Purchases 1,612 Shares of Johnson Controls International plc (NYSE:JCI)

Stevens Capital Management LP raised its position in Johnson Controls International plc (NYSE:JCI) by 28.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,296 shares of the company’s stock after purchasing an additional 1,612 shares during the period. Stevens Capital Management LP’s holdings in Johnson Controls International were worth $421,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Invesco Ltd. increased its position in shares of Johnson Controls International by 4.7% during the third quarter. Invesco Ltd. now owns 13,063,227 shares of the company’s stock worth $695,094,000 after acquiring an additional 588,724 shares in the last quarter. Northern Trust Corp increased its position in shares of Johnson Controls International by 6.2% during the third quarter. Northern Trust Corp now owns 7,065,473 shares of the company’s stock worth $375,954,000 after acquiring an additional 415,056 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Johnson Controls International by 3.3% during the third quarter. Bank of New York Mellon Corp now owns 6,155,879 shares of the company’s stock worth $327,554,000 after acquiring an additional 197,770 shares in the last quarter. abrdn plc increased its position in shares of Johnson Controls International by 1.7% during the third quarter. abrdn plc now owns 4,638,378 shares of the company’s stock worth $246,808,000 after acquiring an additional 79,543 shares in the last quarter. Finally, Raymond James & Associates increased its position in shares of Johnson Controls International by 5.2% during the fourth quarter. Raymond James & Associates now owns 3,763,779 shares of the company’s stock worth $216,944,000 after acquiring an additional 186,455 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on JCI shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $60.00 target price (down previously from $65.00) on shares of Johnson Controls International in a research report on Wednesday, January 31st. Mizuho downgraded 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. HSBC downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $60.00 target price for the company. in a research report on Wednesday, January 31st. Wells Fargo & Company raised their target price on shares of Johnson Controls International from $64.00 to $73.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Argus downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research 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 assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $64.50.

Johnson Controls International Stock Performance

Johnson Controls International stock traded up $0.66 during midday trading on Friday, hitting $65.11. The company’s stock had a trading volume of 6,348,459 shares, compared to its average volume of 5,543,447. Johnson Controls International plc has a 1-year low of $47.90 and a 1-year high of $70.43. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.97 and a quick ratio of 0.73. The company has a 50-day moving average price of $62.63 and a two-hundred day moving average price of $56.78. The company has a market cap of $44.37 billion, a price-to-earnings ratio of 20.99, a PEG ratio of 1.62 and a beta of 1.24.

Johnson Controls International (NYSE:JCI) last released its earnings results on Tuesday, January 30th. The company reported $0.51 EPS for the quarter, meeting the consensus estimate of $0.51. The firm had revenue of $6.09 billion for the quarter, compared to analyst estimates of $6.94 billion. Johnson Controls International had a net margin of 7.85% and a return on equity of 13.08%. The business’s quarterly revenue was up .4% compared to the same quarter last year. During the same period last year, the firm earned $0.67 EPS. As a group, sell-side analysts predict 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 declared a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Monday, March 25th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend was Friday, March 22nd. Johnson Controls International’s dividend payout ratio (DPR) is presently 48.21%.

Johnson Controls International Company Profile

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.