JPMorgan Chase & Co. Raises Holdings in Johnson Controls International plc (NYSE:JCI)

JPMorgan Chase & Co. increased its holdings in Johnson Controls International plc (NYSE:JCIGet Rating) by 6.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 1,491,883 shares of the company’s stock after purchasing an additional 94,004 shares during the quarter. JPMorgan Chase & Co.’s holdings in Johnson Controls International were worth $71,429,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. BlackRock Inc. grew its position in Johnson Controls International by 1.4% in the first quarter. BlackRock Inc. now owns 59,426,849 shares of the company’s stock worth $3,896,620,000 after acquiring an additional 825,710 shares during the period. Vanguard Group Inc. lifted its stake in Johnson Controls International by 1.4% during the first quarter. Vanguard Group Inc. now owns 59,175,200 shares of the company’s stock worth $3,880,118,000 after purchasing an additional 820,214 shares in the last quarter. Wellington Management Group LLP lifted its stake in Johnson Controls International by 20.8% during the first quarter. Wellington Management Group LLP now owns 57,842,396 shares of the company’s stock worth $3,792,726,000 after purchasing an additional 9,941,674 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Johnson Controls International by 1.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 36,413,607 shares of the company’s stock worth $2,387,641,000 after purchasing an additional 462,315 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Johnson Controls International by 2.8% during the first quarter. Invesco Ltd. now owns 10,541,281 shares of the company’s stock worth $691,191,000 after purchasing an additional 282,610 shares in the last quarter. 88.79% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Controls International Stock Down 0.9 %

Johnson Controls International stock opened at $66.95 on Thursday. Johnson Controls International plc has a 1-year low of $45.52 and a 1-year high of $81.77. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.04 and a quick ratio of 0.82. The stock has a market cap of $45.97 billion, a PE ratio of 30.29, a P/E/G ratio of 1.37 and a beta of 1.19. The stock’s fifty day moving average is $56.59 and its two-hundred day moving average is $53.87.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Monday, September 26th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date was Friday, September 23rd. Johnson Controls International’s dividend payout ratio is presently 63.35%.

Analysts Set New Price Targets

A number of research analysts have commented on JCI shares. Credit Suisse Group upped their price target on Johnson Controls International from $63.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday, November 4th. Mizuho upped their price target on Johnson Controls International from $65.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, November 4th. The Goldman Sachs Group upped their price target on Johnson Controls International from $68.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, November 4th. Wells Fargo & Company increased their price objective on Johnson Controls International from $59.00 to $66.00 and gave the company an “overweight” rating in a research note on Friday, November 4th. Finally, Royal Bank of Canada increased their price objective on Johnson Controls International from $53.00 to $61.00 in a research note on Friday, November 4th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Johnson Controls International currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.43.

Johnson Controls International Company Profile

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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.

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

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