Saxon Interests Inc. Makes New Investment in Johnson Controls International plc (NYSE:JCI)

Saxon Interests Inc. purchased a new position in Johnson Controls International plc (NYSE:JCI) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 6,747 shares of the company’s stock, valued at approximately $389,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Johnson Controls International during the 4th quarter valued at approximately $419,897,000. Morgan Stanley boosted its stake in shares of Johnson Controls International by 40.7% during the 4th quarter. Morgan Stanley now owns 9,990,590 shares of the company’s stock valued at $639,398,000 after buying an additional 2,890,395 shares during the last quarter. Qube Research & Technologies Ltd boosted its stake in shares of Johnson Controls International by 178.1% during the 3rd quarter. Qube Research & Technologies Ltd now owns 2,287,801 shares of the company’s stock valued at $121,734,000 after buying an additional 1,465,136 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of Johnson Controls International during the 1st quarter valued at approximately $63,435,000. Finally, Barclays PLC boosted its stake in shares of Johnson Controls International by 160.8% during the 2nd quarter. Barclays PLC now owns 1,379,404 shares of the company’s stock valued at $93,992,000 after buying an additional 850,405 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on JCI. Wells Fargo & Company dropped their price target on Johnson Controls International from $65.00 to $64.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 31st. Melius Research restated a “hold” rating on shares of Johnson Controls International in a research note on Tuesday, January 30th. Royal Bank of Canada lowered their target price on Johnson Controls International from $50.00 to $48.00 and set an “underperform” rating on the stock in a report on Wednesday, January 31st. StockNews.com lowered Johnson Controls International from a “buy” rating to a “hold” rating in a report on Thursday, January 25th. Finally, Oppenheimer reissued an “outperform” rating and issued a $66.00 price target on shares of Johnson Controls International in a research note on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $62.58.

Johnson Controls International Stock Up 0.7 %

Shares of Johnson Controls International stock traded up $0.45 during trading on Thursday, hitting $65.32. 7,772,385 shares of the stock traded hands, compared to its average volume of 5,921,119. The stock has a market cap of $44.51 billion, a P/E ratio of 21.28, a PEG ratio of 1.59 and a beta of 1.24. 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 plc has a twelve month low of $47.90 and a twelve month high of $70.43. The company has a fifty day moving average price of $58.49 and a two-hundred day moving average price of $55.33.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Tuesday, January 30th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.51. Johnson Controls International had a return on equity of 13.08% and a net margin of 7.85%. The business had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.94 billion. During the same period in the previous year, the company earned $0.67 EPS. The firm’s revenue was up .4% on a year-over-year basis. Equities research analysts predict that Johnson Controls International plc will post 3.62 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 19th. Stockholders of record on Monday, March 25th will be issued a dividend of $0.37 per share. The ex-dividend date is Friday, March 22nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.27%. Johnson Controls International’s dividend payout ratio (DPR) is presently 48.21%.

Johnson Controls International Company 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.