Zurcher Kantonalbank Zurich Cantonalbank Increases Stock Position in Johnson Controls International plc (NYSE:JCI)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Johnson Controls International plc (NYSE:JCI) by 5.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 468,339 shares of the company’s stock after buying an additional 23,442 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Johnson Controls International were worth $26,995,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in JCI. Norges Bank purchased a new stake in shares of Johnson Controls International during the 4th quarter valued at $419,897,000. Morgan Stanley grew its stake in shares of Johnson Controls International by 40.7% during the 4th quarter. Morgan Stanley now owns 9,990,590 shares of the company’s stock valued at $639,398,000 after buying an additional 2,890,395 shares during the period. Qube Research & Technologies Ltd grew its stake in shares of Johnson Controls International by 178.1% during the 3rd quarter. Qube Research & Technologies Ltd now owns 2,287,801 shares of the company’s stock valued at $121,734,000 after buying an additional 1,465,136 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of Johnson Controls International during the 1st quarter valued at $63,435,000. Finally, Barclays PLC lifted its holdings in shares of Johnson Controls International by 160.8% during the 2nd quarter. Barclays PLC now owns 1,379,404 shares of the company’s stock valued at $93,992,000 after acquiring an additional 850,405 shares in the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

JCI has been the topic of several recent research reports. TheStreet upgraded shares of Johnson Controls International from a “c+” rating to a “b-” rating in a report on Tuesday, December 26th. Melius Research restated a “hold” rating on shares of Johnson Controls International in a report on Tuesday, January 30th. Citigroup lifted their target price on shares of Johnson Controls International from $59.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Barclays lifted their target price on shares of Johnson Controls International from $59.00 to $61.00 and gave the company an “equal weight” rating in a report on Tuesday, April 2nd. Finally, Argus lowered shares of 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 issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $64.08.

Johnson Controls International Stock Performance

Shares of JCI stock opened at $63.69 on Thursday. Johnson Controls International plc has a 12 month low of $47.90 and a 12 month 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 firm has a market capitalization of $43.40 billion, a P/E ratio of 20.75, a P/E/G ratio of 1.61 and a beta of 1.24. The company’s fifty day moving average price is $61.61 and its two-hundred day moving average price is $56.29.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Tuesday, January 30th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.51. The business 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 company’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.67 EPS. On average, research analysts anticipate 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 announced a quarterly dividend, which will be paid on Friday, April 19th. Stockholders of record on Monday, March 25th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Friday, March 22nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.32%. Johnson Controls International’s dividend payout ratio (DPR) is presently 48.21%.

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.