Clifford Swan Investment Counsel LLC Has $16.91 Million Holdings in Johnson Controls International plc (NYSE:JCI)

Clifford Swan Investment Counsel LLC increased its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 68.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 293,316 shares of the company's stock after acquiring an additional 118,891 shares during the quarter. Clifford Swan Investment Counsel LLC's holdings in Johnson Controls International were worth $16,907,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of JCI. Fisher Asset Management LLC lifted its stake in shares of Johnson Controls International by 4.8% in the fourth quarter. Fisher Asset Management LLC now owns 13,528,240 shares of the company's stock valued at $779,768,000 after buying an additional 618,120 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Johnson Controls International by 4.7% in the third 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 in the last quarter. Northern Trust Corp lifted its stake in shares of 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 buying an additional 415,056 shares in the last quarter. abrdn plc lifted its stake in shares of Johnson Controls International by 1.7% in the third quarter. abrdn plc now owns 4,638,378 shares of the company's stock valued at $246,808,000 after buying an additional 79,543 shares in the last quarter. Finally, Raymond James & Associates lifted its stake in shares of Johnson Controls International by 5.2% in the fourth quarter. Raymond James & Associates now owns 3,763,779 shares of the company's stock valued at $216,944,000 after buying an additional 186,455 shares in the last quarter. 90.05% of the stock is owned by institutional investors.

Johnson Controls International Stock Performance

NYSE JCI traded up $1.63 during trading hours on Friday, reaching $62.38. 7,096,178 shares of the company were exchanged, compared to its average volume of 4,978,445. Johnson Controls International plc has a 1 year low of $47.90 and a 1 year high of $70.43. The business's 50 day simple moving average is $63.31 and its 200-day simple moving average is $57.30. The company has a quick ratio of 0.73, a current ratio of 0.87 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $42.02 billion, a P/E ratio of 25.26, a P/E/G ratio of 1.59 and a beta of 1.23.

Johnson Controls International (NYSE:JCI - Get Free Report) 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 firm had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.51 billion. Johnson Controls International had a net margin of 6.32% and a return on equity of 13.21%. The company's revenue was down 6.1% on a year-over-year basis. During the same quarter last year, the company earned $0.75 earnings per share. On average, equities research analysts expect 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 declared a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Monday, March 25th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date was Friday, March 22nd. Johnson Controls International's payout ratio is currently 59.92%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. StockNews.com lowered shares of Johnson Controls International from a "buy" rating to a "hold" rating in a research note on Thursday, January 25th. Citigroup raised 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 report on Monday, April 8th. Mizuho lowered shares of Johnson Controls International from a "buy" rating to a "neutral" rating and set a $62.00 price target on the stock. in a research report on Friday, February 23rd. Barclays dropped their price target on shares of Johnson Controls International from $61.00 to $59.00 and set an "equal weight" rating on the stock in a research report on Thursday. Finally, Royal Bank of Canada dropped their price target on shares of 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. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.