GAMMA Investing LLC Invests $220,000 in Johnson Controls International plc (NYSE:JCI)

GAMMA Investing LLC bought a new position in shares of Johnson Controls International plc (NYSE:JCI) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 4,170 shares of the company’s stock, valued at approximately $220,000.

A number of other institutional investors have also made changes to their positions in JCI. IFP Advisors Inc lifted its position in shares of Johnson Controls International by 69.6% during the third quarter. IFP Advisors Inc now owns 5,504 shares of the company’s stock worth $293,000 after purchasing an additional 2,258 shares in the last quarter. DAVENPORT & Co LLC raised its holdings in Johnson Controls International by 4.3% in the third quarter. DAVENPORT & Co LLC now owns 27,813 shares of the company’s stock valued at $1,480,000 after acquiring an additional 1,136 shares in the last quarter. GHP Investment Advisors Inc. raised its holdings in Johnson Controls International by 38.5% in the third quarter. GHP Investment Advisors Inc. now owns 1,014 shares of the company’s stock valued at $52,000 after acquiring an additional 282 shares in the last quarter. UMB Bank n.a. raised its holdings in Johnson Controls International by 5.2% in the third quarter. UMB Bank n.a. now owns 5,853 shares of the company’s stock valued at $311,000 after acquiring an additional 289 shares in the last quarter. Finally, Czech National Bank raised its holdings in Johnson Controls International by 46.4% in the third quarter. Czech National Bank now owns 118,905 shares of the company’s stock valued at $6,327,000 after acquiring an additional 37,685 shares in the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Johnson Controls International Trading Down 0.2 %

NYSE:JCI opened at $64.45 on Friday. The stock’s 50 day moving average price is $62.63 and its 200 day moving average price is $56.78. Johnson Controls International plc has a 52 week low of $47.90 and a 52 week high of $70.43. The company has a market capitalization of $43.92 billion, a P/E ratio of 20.99, a P/E/G ratio of 1.62 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 (NYSE:JCI) last released its quarterly earnings data on Tuesday, January 30th. The company reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. Johnson Controls International had a return on equity of 13.08% and a net margin of 7.85%. The firm had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.94 billion. During the same quarter in the prior year, the company posted $0.67 earnings per share. The firm’s revenue was up .4% on a year-over-year basis. On average, research analysts forecast that Johnson Controls International plc will post 3.61 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Monday, March 25th were given a $0.37 dividend. The ex-dividend date of this dividend was Friday, March 22nd. This represents a $1.48 annualized dividend and a dividend yield of 2.30%. Johnson Controls International’s dividend payout ratio is 48.21%.

Analysts Set New Price Targets

Several research firms have weighed in on JCI. Oppenheimer boosted their target price on shares of Johnson Controls International from $66.00 to $71.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. HSBC lowered 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. Deutsche Bank Aktiengesellschaft reiterated 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. StockNews.com lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. Finally, Wells Fargo & Company increased 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. One 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 company currently has a consensus rating of “Hold” and a consensus price target 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.