Johnson Controls International plc (NYSE:JCI) is Grandfield & Dodd LLC’s 10th Largest Position

Grandfield & Dodd LLC lifted its holdings in Johnson Controls International plc (NYSE:JCI) by 1.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 602,551 shares of the company’s stock after acquiring an additional 6,921 shares during the quarter. Johnson Controls International makes up about 2.4% of Grandfield & Dodd LLC’s holdings, making the stock its 10th largest holding. Grandfield & Dodd LLC’s holdings in Johnson Controls International were worth $34,731,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Invesco Ltd. lifted its position in shares of Johnson Controls International by 4.7% in the 3rd quarter. Invesco Ltd. now owns 13,063,227 shares of the company’s stock worth $695,094,000 after purchasing an additional 588,724 shares during the period. Geode Capital Management LLC lifted its position in shares of Johnson Controls International by 1.8% in the 1st quarter. Geode Capital Management LLC now owns 12,241,814 shares of the company’s stock worth $735,258,000 after purchasing an additional 214,832 shares during the period. Morgan Stanley raised 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 worth $639,398,000 after acquiring an additional 2,890,395 shares in the last quarter. Northern Trust Corp raised its stake in shares of Johnson Controls International by 6.2% during the 3rd 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. Finally, Norges Bank bought a new position in shares of Johnson Controls International during the 4th quarter worth approximately $419,897,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on JCI. StockNews.com lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Thursday, January 25th. Wells Fargo & Company boosted their price objective on shares of Johnson Controls International from $64.00 to $73.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Oppenheimer boosted their price objective on shares of Johnson Controls International from $66.00 to $71.00 and gave the stock an “outperform” rating in a research note on Thursday. HSBC lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $60.00 price target on the stock. in a research note on Wednesday, January 31st. Finally, Citigroup upped their price target on shares of Johnson Controls International from $59.00 to $68.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Johnson Controls International has a consensus rating of “Hold” and a consensus price target of $64.50.

Johnson Controls International Stock Performance

Shares of NYSE:JCI traded down $0.11 during midday trading on Friday, reaching $63.66. The company’s stock had a trading volume of 5,220,302 shares, compared to its average volume of 4,310,495. The firm has a market capitalization of $43.38 billion, a PE ratio of 20.74, a P/E/G ratio of 1.60 and a beta of 1.24. Johnson Controls International plc has a twelve month low of $47.90 and a twelve month high of $70.43. The stock has a fifty day moving average of $61.94 and a 200 day moving average of $56.42. The company has a quick ratio of 0.73, a current ratio of 0.97 and a debt-to-equity ratio of 0.45.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Tuesday, January 30th. The company reported $0.51 earnings per share for the quarter, hitting analysts’ consensus estimates 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 quarter in the prior year, the business earned $0.67 earnings per share. On average, equities analysts expect that Johnson Controls International plc will post 3.61 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The company 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 dividend on an annualized basis and a yield of 2.32%. 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 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.