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

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Johnson Controls International plc (NYSE:JCI) by 5.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 468,339 shares of the company’s stock after buying an additional 23,442 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.07% of Johnson Controls International worth $26,995,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Invesco Ltd. raised its position in shares of Johnson Controls International by 4.7% during the 3rd quarter. Invesco Ltd. now owns 13,063,227 shares of the company’s stock valued at $695,094,000 after buying an additional 588,724 shares during the period. Geode Capital Management LLC raised its position in Johnson Controls International by 1.8% in the first quarter. Geode Capital Management LLC now owns 12,241,814 shares of the company’s stock valued at $735,258,000 after purchasing an additional 214,832 shares during the period. Morgan Stanley raised its position in Johnson Controls International by 40.7% in the fourth quarter. Morgan Stanley now owns 9,990,590 shares of the company’s stock valued at $639,398,000 after purchasing an additional 2,890,395 shares during the period. Northern Trust Corp raised its position in Johnson Controls International by 6.2% in the third quarter. Northern Trust Corp now owns 7,065,473 shares of the company’s stock valued at $375,954,000 after purchasing an additional 415,056 shares during the period. Finally, Norges Bank purchased a new stake in Johnson Controls International in the fourth quarter valued at approximately $419,897,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Performance

Shares of JCI stock opened at $63.69 on Thursday. The company has a current ratio of 0.97, a quick ratio of 0.73 and a debt-to-equity ratio of 0.45. The firm has a fifty day moving average price of $61.61 and a 200 day moving average price of $56.29. The company has a market cap of $43.40 billion, a P/E ratio of 20.75, a PEG ratio of 1.61 and a beta of 1.24. Johnson Controls International plc has a 12 month low of $47.90 and a 12 month high of $70.43.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Tuesday, January 30th. The company reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. The firm had revenue of $6.09 billion during the quarter, compared to the consensus estimate 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 was up .4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.67 earnings per share. Sell-side analysts predict that Johnson Controls International plc will post 3.61 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Investors of record on Monday, March 25th will be paid a dividend of $0.37 per share. The ex-dividend date 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 payout ratio is currently 48.21%.

Wall Street Analysts Forecast Growth

JCI has been the topic of a number of research analyst reports. StockNews.com lowered Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. Mizuho lowered Johnson Controls International from a “buy” rating to a “neutral” rating and set a $62.00 target price on the stock. in a research report on Friday, February 23rd. Melius Research reissued a “hold” rating on shares of Johnson Controls International in a research report on Tuesday, January 30th. Royal Bank of Canada cut their target price on Johnson Controls International from $50.00 to $48.00 and set an “underperform” rating on the stock in a research report on Wednesday, January 31st. Finally, Wells Fargo & Company upped their price objective on Johnson Controls International from $64.00 to $73.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $64.08.

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.