Swiss National Bank Has $122.62 Million Holdings in Johnson Controls International plc (NYSE:JCI)

Swiss National Bank trimmed its position in shares of Johnson Controls International plc (NYSE:JCI) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,127,381 shares of the company’s stock after selling 79,400 shares during the quarter. Swiss National Bank’s holdings in Johnson Controls International were worth $122,622,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Optimum Investment Advisors grew its position in Johnson Controls International by 17.5% during the 4th quarter. Optimum Investment Advisors now owns 1,175 shares of the company’s stock worth $68,000 after acquiring an additional 175 shares during the last quarter. Raleigh Capital Management Inc. increased its stake in shares of Johnson Controls International by 3.9% in the third quarter. Raleigh Capital Management Inc. now owns 4,767 shares of the company’s stock valued at $254,000 after buying an additional 179 shares in the last quarter. BSW Wealth Partners raised its holdings in shares of Johnson Controls International by 4.3% in the fourth quarter. BSW Wealth Partners now owns 4,494 shares of the company’s stock valued at $259,000 after buying an additional 185 shares during the last quarter. Cottage Street Advisors LLC lifted its position in Johnson Controls International by 4.9% during the 3rd quarter. Cottage Street Advisors LLC now owns 4,189 shares of the company’s stock worth $223,000 after buying an additional 196 shares in the last quarter. Finally, Mutual Advisors LLC lifted its position in Johnson Controls International by 0.4% during the 3rd quarter. Mutual Advisors LLC now owns 46,147 shares of the company’s stock worth $2,455,000 after buying an additional 199 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on JCI shares. Royal Bank of Canada dropped their target price on shares of Johnson Controls International from $50.00 to $48.00 and set an “underperform” rating for the company in a research note on Wednesday, January 31st. 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 report on Tuesday, April 2nd. Oppenheimer lowered their target price on Johnson Controls International from $71.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $60.00 price target (down previously from $65.00) on shares of Johnson Controls International in a research note on Wednesday, January 31st. Finally, Melius Research reiterated a “hold” rating on shares of Johnson Controls International in a research report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $64.25.

Johnson Controls International Stock Performance

Shares of NYSE:JCI opened at $62.36 on Friday. The firm’s 50 day simple moving average is $63.23 and its 200 day simple moving average is $57.15. Johnson Controls International plc has a fifty-two week low of $47.90 and a fifty-two week high of $70.43. The company has a market capitalization of $42.01 billion, a price-to-earnings ratio of 25.25, a P/E/G ratio of 1.55 and a beta of 1.23. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.87 and a quick ratio of 0.73.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Wednesday, May 1st. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.03. The company had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.51 billion. Johnson Controls International had a net margin of 6.32% and a return on equity of 13.21%. The business’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same period last year, the business posted $0.75 earnings per share. As a group, sell-side analysts forecast that Johnson Controls International plc will post 3.61 earnings per share for the current year.

Johnson Controls International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Monday, March 25th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, March 22nd. This represents a $1.48 annualized dividend and a yield of 2.37%. Johnson Controls International’s dividend payout ratio is presently 59.92%.

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.