Pettyjohn Wood & White Inc. Makes New Investment in Johnson Controls International plc (NYSE:JCI)

Pettyjohn Wood & White Inc. acquired a new position in Johnson Controls International plc (NYSE:JCIGet Rating) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,606 shares of the company’s stock, valued at approximately $212,000.

A number of other large investors have also added to or reduced their stakes in JCI. Northwest Investment Counselors LLC acquired a new stake in shares of Johnson Controls International during the fourth quarter valued at $25,000. Blue Bell Private Wealth Management LLC acquired a new stake in shares of Johnson Controls International during the fourth quarter valued at $26,000. Addison Advisors LLC acquired a new stake in shares of Johnson Controls International during the fourth quarter valued at $28,000. Bell Investment Advisors Inc acquired a new stake in Johnson Controls International in the 3rd quarter worth about $30,000. Finally, Allworth Financial LP boosted its stake in Johnson Controls International by 75.8% in the 3rd quarter. Allworth Financial LP now owns 501 shares of the company’s stock worth $34,000 after buying an additional 216 shares during the last quarter. Hedge funds and other institutional investors own 88.89% of the company’s stock.

In other Johnson Controls International news, VP Robert M. Vanhimbergen sold 8,573 shares of the firm’s stock in a transaction on Thursday, February 3rd. The shares were sold at an average price of $69.63, for a total value of $596,937.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Robert M. Vanhimbergen sold 5,683 shares of the firm’s stock in a transaction on Friday, February 25th. The shares were sold at an average price of $64.44, for a total transaction of $366,212.52. The disclosure for this sale can be found here. Company insiders own 0.61% of the company’s stock.

A number of equities analysts have recently commented on the company. Morgan Stanley cut their price objective on Johnson Controls International from $84.00 to $82.00 and set an “overweight” rating on the stock in a report on Thursday, April 7th. Barclays dropped their target price on Johnson Controls International from $86.00 to $80.00 and set an “overweight” rating on the stock in a report on Monday, April 4th. Wells Fargo & Company dropped their target price on Johnson Controls International from $91.00 to $83.00 in a report on Thursday, February 3rd. Mizuho lowered their price objective on Johnson Controls International from $93.00 to $88.00 and set a “buy” rating for the company in a research note on Thursday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft upgraded Johnson Controls International from a “hold” rating to a “buy” rating and decreased their target price for the stock from $80.00 to $79.00 in a research report on Wednesday, March 23rd. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $79.69.

NYSE JCI traded up $1.45 on Tuesday, reaching $63.31. The company had a trading volume of 33,426 shares, compared to its average volume of 4,284,875. The firm has a market cap of $44.49 billion, a price-to-earnings ratio of 28.12, a P/E/G ratio of 2.35 and a beta of 1.16. Johnson Controls International plc has a fifty-two week low of $59.82 and a fifty-two week high of $81.77. The business has a 50 day moving average of $64.61 and a two-hundred day moving average of $71.63. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.04 and a quick ratio of 0.79.

Johnson Controls International (NYSE:JCIGet Rating) last released its quarterly earnings data on Wednesday, February 2nd. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.01. The company had revenue of $5.86 billion for the quarter, compared to analysts’ expectations of $5.79 billion. Johnson Controls International had a net margin of 6.48% and a return on equity of 10.58%. The business’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.43 EPS. As a group, research analysts predict that Johnson Controls International plc will post 3.27 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 14th. Shareholders of record on Monday, March 21st were paid a $0.35 dividend. This is a positive change from Johnson Controls International’s previous quarterly dividend of $0.34. The ex-dividend date was Friday, March 18th. This represents a $1.40 annualized dividend and a yield of 2.21%. Johnson Controls International’s dividend payout ratio (DPR) is 63.64%.

Johnson Controls International Company Profile (Get Rating)

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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