Fisher Asset Management LLC Acquires 618,120 Shares of Johnson Controls International plc (NYSE:JCI)

Fisher Asset Management LLC boosted its holdings in Johnson Controls International plc (NYSE:JCI) by 4.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 13,528,240 shares of the company’s stock after purchasing an additional 618,120 shares during the quarter. Fisher Asset Management LLC’s holdings in Johnson Controls International were worth $779,768,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in JCI. Qube Research & Technologies Ltd lifted its position in Johnson Controls International by 178.1% in the 3rd quarter. Qube Research & Technologies Ltd now owns 2,287,801 shares of the company’s stock valued at $121,734,000 after acquiring an additional 1,465,136 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Johnson Controls International by 189.5% during the 3rd quarter. AQR Capital Management LLC now owns 991,249 shares of the company’s stock worth $52,744,000 after buying an additional 648,790 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Johnson Controls International by 35.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,387,899 shares of the company’s stock worth $126,944,000 after buying an additional 618,920 shares in the last quarter. Hsbc Holdings PLC lifted its position in shares of Johnson Controls International by 155.9% during the 3rd quarter. Hsbc Holdings PLC now owns 1,014,178 shares of the company’s stock worth $53,732,000 after buying an additional 617,925 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Johnson Controls International by 55.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,714,237 shares of the company’s stock worth $91,215,000 after buying an additional 613,341 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. StockNews.com cut shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. 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 on the stock in a research report on Wednesday, January 31st. Mizuho cut shares of Johnson Controls International from a “buy” rating to a “neutral” rating and set a $62.00 target price on the stock. in a research report on Friday, February 23rd. 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 report on Tuesday, April 2nd. Finally, Argus cut shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $64.42.

Johnson Controls International Price Performance

NYSE:JCI traded down $0.09 during midday trading on Thursday, hitting $60.38. The company had a trading volume of 2,003,186 shares, compared to its average volume of 5,601,221. Johnson Controls International plc has a 52-week low of $47.90 and a 52-week high of $70.43. The stock’s fifty day moving average price is $63.18 and its 200-day moving average price is $57.13. The company has a market capitalization of $41.15 billion, a PE ratio of 19.59, a P/E/G ratio of 1.63 and a beta of 1.23. 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 announced its earnings results on Wednesday, May 1st. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.03. Johnson Controls International had a net margin of 7.85% and a return on equity of 13.08%. The company had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.51 billion. During the same period in the previous year, the business earned $0.75 earnings per share. The firm’s quarterly revenue was down 6.1% compared to the same quarter last year. As a group, research analysts expect that Johnson Controls International plc will post 3.61 earnings per share for the current year.

Johnson Controls International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Monday, March 25th were given a $0.37 dividend. The ex-dividend date of this dividend was Friday, March 22nd. This represents a $1.48 annualized dividend and a yield of 2.45%. 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.