Stonebrook Private Inc. Makes New $1.32 Million Investment in Johnson Controls International plc (NYSE:JCI)

Stonebrook Private Inc. acquired a new position in shares of Johnson Controls International plc (NYSE:JCI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 22,852 shares of the company’s stock, valued at approximately $1,317,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Optimum Investment Advisors grew its holdings in shares of Johnson Controls International by 17.5% during the 4th quarter. Optimum Investment Advisors now owns 1,175 shares of the company’s stock valued at $68,000 after acquiring an additional 175 shares in the last quarter. Raleigh Capital Management Inc. grew its holdings in shares of Johnson Controls International by 3.9% during the 3rd quarter. Raleigh Capital Management Inc. now owns 4,767 shares of the company’s stock valued at $254,000 after acquiring an additional 179 shares in the last quarter. BSW Wealth Partners grew its holdings in shares of Johnson Controls International by 4.3% during the 4th quarter. BSW Wealth Partners now owns 4,494 shares of the company’s stock valued at $259,000 after acquiring an additional 185 shares in the last quarter. Cottage Street Advisors LLC grew its holdings in shares of Johnson Controls International by 4.9% during the 3rd quarter. Cottage Street Advisors LLC now owns 4,189 shares of the company’s stock valued at $223,000 after acquiring an additional 196 shares in the last quarter. Finally, Mutual Advisors LLC grew its holdings in shares of Johnson Controls International by 0.4% during the 3rd quarter. Mutual Advisors LLC now owns 46,147 shares of the company’s stock valued at $2,455,000 after acquiring an additional 199 shares in the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on JCI shares. Melius Research reiterated a “hold” rating on shares of Johnson Controls International in a report on Tuesday, January 30th. Royal Bank of Canada decreased their price objective on shares of Johnson Controls International from $50.00 to $48.00 and set an “underperform” rating for the company in a report on Wednesday, January 31st. Wells Fargo & Company upped their price objective on shares of Johnson Controls International from $64.00 to $73.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $60.00 price objective (down from $65.00) on shares of Johnson Controls International in a report on Wednesday, January 31st. Finally, StockNews.com cut shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $64.50.

Johnson Controls International Stock Performance

Shares of JCI traded up $0.66 during trading hours on Friday, reaching $65.11. 6,408,009 shares of the company traded hands, compared to its average volume of 4,071,197. The stock’s fifty day moving average is $62.79 and its 200 day moving average is $56.90. The stock has a market cap of $44.37 billion, a P/E ratio of 21.21, a price-to-earnings-growth ratio of 1.63 and a beta of 1.24. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.73 and a current ratio of 0.97. 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 EPS for the quarter, meeting analysts’ consensus estimates of $0.51. The business had revenue of $6.09 billion during 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 firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.67 earnings per share. Equities research analysts anticipate that Johnson Controls International plc will post 3.61 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Monday, March 25th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date was Friday, March 22nd. Johnson Controls International’s dividend payout ratio is currently 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.