Parkside Financial Bank & Trust Purchases 488 Shares of Johnson Controls International plc (NYSE:JCI)

Parkside Financial Bank & Trust increased its position in Johnson Controls International plc (NYSE:JCI) by 7.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,075 shares of the company’s stock after acquiring an additional 488 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Johnson Controls International were worth $408,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Invesco Ltd. lifted its position in Johnson Controls International by 4.7% during the third quarter. Invesco Ltd. now owns 13,063,227 shares of the company’s stock valued at $695,094,000 after purchasing an additional 588,724 shares during the last quarter. Northern Trust Corp raised its stake in shares of Johnson Controls International by 6.2% during the third 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. Bank of New York Mellon Corp raised its stake in shares of Johnson Controls International by 3.3% during the third quarter. Bank of New York Mellon Corp now owns 6,155,879 shares of the company’s stock worth $327,554,000 after acquiring an additional 197,770 shares in the last quarter. abrdn plc raised its stake in shares of Johnson Controls International by 1.7% during the third quarter. abrdn plc now owns 4,638,378 shares of the company’s stock worth $246,808,000 after acquiring an additional 79,543 shares in the last quarter. Finally, Raymond James & Associates raised its stake in shares of Johnson Controls International by 5.2% during the fourth quarter. Raymond James & Associates now owns 3,763,779 shares of the company’s stock worth $216,944,000 after acquiring an additional 186,455 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors.

Johnson Controls International Stock Performance

Shares of NYSE JCI traded down $0.43 during midday trading on Wednesday, hitting $64.74. 863,526 shares of the company’s stock traded hands, compared to its average volume of 5,454,856. The firm has a fifty day moving average of $62.34 and a 200 day moving average of $56.67. The stock has a market capitalization of $44.12 billion, a price-to-earnings ratio of 21.23, a price-to-earnings-growth ratio of 1.62 and a beta of 1.24. Johnson Controls International plc has a 1 year low of $47.90 and a 1 year high of $70.43. 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 issued its quarterly earnings results on Tuesday, January 30th. The company reported $0.51 earnings per share (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 company had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $6.94 billion. During the same period last year, the company earned $0.67 earnings per share. Johnson Controls International’s revenue was up .4% on a year-over-year basis. On average, analysts forecast that Johnson Controls International plc will post 3.61 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Monday, March 25th were paid a $0.37 dividend. The ex-dividend date was Friday, March 22nd. This represents a $1.48 annualized dividend and a yield of 2.29%. Johnson Controls International’s dividend payout ratio (DPR) is presently 48.21%.

Wall Street Analyst Weigh In

Several research firms have commented on JCI. Oppenheimer lifted their price target 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, April 18th. Melius Research reaffirmed a “hold” rating on shares of Johnson Controls International in a research note on Tuesday, January 30th. Argus downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Tuesday, February 20th. Royal Bank of Canada decreased their target price on shares of Johnson Controls International from $50.00 to $48.00 and set an “underperform” rating on the stock in a research note on Wednesday, January 31st. Finally, Barclays lifted their target price on shares of Johnson Controls International from $59.00 to $61.00 and gave the stock an “equal weight” rating in a research note 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 company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $64.50.

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.