Fisher Asset Management LLC Grows Stock Position in Johnson Controls International plc (NYSE:JCI)

Fisher Asset Management LLC boosted its holdings in Johnson Controls International plc (NYSE:JCI - Free Report) by 4.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,528,240 shares of the company's stock after acquiring an additional 618,120 shares during the period. Fisher Asset Management LLC owned 1.99% of Johnson Controls International worth $779,768,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. First Trust Direct Indexing L.P. boosted its stake in shares of Johnson Controls International by 31.7% during the 4th quarter. First Trust Direct Indexing L.P. now owns 15,109 shares of the company's stock worth $871,000 after purchasing an additional 3,637 shares during the last quarter. New York Life Investment Management LLC boosted its stake in shares of Johnson Controls International by 0.6% during the 4th quarter. New York Life Investment Management LLC now owns 106,450 shares of the company's stock worth $6,136,000 after purchasing an additional 640 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Johnson Controls International by 20.0% during the 4th quarter. Victory Capital Management Inc. now owns 815,777 shares of the company's stock worth $47,021,000 after purchasing an additional 135,691 shares during the last quarter. Berry Wealth Group LP acquired a new stake in shares of Johnson Controls International during the 4th quarter worth about $1,495,000. Finally, Cary Street Partners Asset Management LLC boosted its stake in shares of Johnson Controls International by 0.6% during the 4th quarter. Cary Street Partners Asset Management LLC now owns 79,734 shares of the company's stock worth $4,596,000 after purchasing an additional 454 shares during the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Johnson Controls International Stock Up 0.5 %

Shares of JCI traded up $0.28 during mid-day trading on Thursday, reaching $60.75. 7,559,374 shares of the stock traded hands, compared to its average volume of 5,669,336. The firm has a market cap of $41.40 billion, a price-to-earnings ratio of 19.66, a P/E/G ratio of 1.63 and a beta of 1.23. The stock has a fifty day simple moving average of $63.18 and a 200 day simple moving average of $57.13. Johnson Controls International plc has a 12-month low of $47.90 and a 12-month high of $70.43. 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 - Get Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 7.85% and a return on equity of 13.08%. The business's quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 earnings per share. Sell-side 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 disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Monday, March 25th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, March 22nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.44%. Johnson Controls International's dividend payout ratio is currently 48.21%.

Analysts Set New Price Targets

JCI has been the topic of several analyst reports. Melius Research reaffirmed a "hold" rating on shares of Johnson Controls International in a research note on Tuesday, January 30th. HSBC cut shares of Johnson Controls International from a "buy" rating to a "hold" rating and set a $60.00 target price on the stock. in a research report on Wednesday, January 31st. Oppenheimer decreased their target price on shares of Johnson Controls International from $71.00 to $70.00 and set an "outperform" rating on the stock in a research report on Thursday. StockNews.com cut shares of Johnson Controls International from a "buy" rating to a "hold" rating in a research report on Thursday, January 25th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $60.00 target price (down from $65.00) on shares of Johnson Controls International in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Johnson Controls International presently has an average rating of "Hold" and a consensus target price of $64.25.

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.