Bank of America Corp DE Sells 728,328 Shares of Johnson Controls International plc (NYSE:JCI)

Bank of America Corp DE cut its position in Johnson Controls International plc (NYSE:JCIGet Rating) by 13.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,518,933 shares of the company’s stock after selling 728,328 shares during the quarter. Bank of America Corp DE owned approximately 0.65% of Johnson Controls International worth $296,306,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. GPS Wealth Strategies Group LLC raised its stake in shares of Johnson Controls International by 722.8% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 469 shares of the company’s stock worth $31,000 after buying an additional 412 shares during the period. Motco boosted its holdings in Johnson Controls International by 121.2% during the 1st quarter. Motco now owns 480 shares of the company’s stock valued at $31,000 after acquiring an additional 263 shares during the period. DeDora Capital Inc. acquired a new stake in Johnson Controls International in the 1st quarter valued at about $33,000. Salem Investment Counselors Inc. raised its position in shares of Johnson Controls International by 152.4% during the 1st quarter. Salem Investment Counselors Inc. now owns 588 shares of the company’s stock worth $39,000 after acquiring an additional 355 shares in the last quarter. Finally, Byrne Asset Management LLC acquired a new position in Johnson Controls International during the fourth quarter worth approximately $41,000. Hedge funds and other institutional investors own 88.79% of the company’s stock.

Johnson Controls International Stock Performance

NYSE:JCI opened at $54.31 on Tuesday. Johnson Controls International plc has a 1 year low of $45.52 and a 1 year high of $81.77. The firm has a 50 day moving average of $53.97 and a 200-day moving average of $55.97. The company has a current ratio of 0.97, a quick ratio of 0.76 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $37.41 billion, a P/E ratio of 35.98, a price-to-earnings-growth ratio of 1.20 and a beta of 1.17.

Johnson Controls International (NYSE:JCIGet Rating) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.85 earnings per share for the quarter, hitting the consensus estimate of $0.85. Johnson Controls International had a net margin of 4.17% and a return on equity of 11.35%. The firm had revenue of $6.61 billion during the quarter, compared to analysts’ expectations of $6.76 billion. During the same quarter in the previous year, the company posted $0.83 EPS. Johnson Controls International’s revenue was up 4.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Johnson Controls International plc will post 3 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Monday, September 26th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend is Friday, September 23rd. Johnson Controls International’s dividend payout ratio (DPR) is presently 93.96%.

Analysts Set New Price Targets

JCI has been the topic of a number of analyst reports. Oppenheimer lifted their price target on Johnson Controls International from $62.00 to $63.00 and gave the company an “outperform” rating in a research note on Monday, August 8th. StockNews.com lowered Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Monday, August 29th. Jefferies Financial Group dropped their target price on Johnson Controls International from $70.00 to $65.00 in a research note on Friday, July 15th. Mizuho lowered their price target on Johnson Controls International from $68.00 to $65.00 and set a “buy” rating for the company in a research report on Monday, July 18th. Finally, Wells Fargo & Company decreased their target price on Johnson Controls International from $60.00 to $56.00 in a research report on Tuesday, July 12th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.71.

About Johnson Controls International

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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.

See Also

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Institutional Ownership by Quarter for Johnson Controls International (NYSE:JCI)

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