Citizens Financial Group Inc RI Lowers Holdings in Johnson Controls International plc (NYSE:JCI)

Citizens Financial Group Inc RI decreased its holdings in Johnson Controls International plc (NYSE:JCIGet Rating) by 31.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,865 shares of the company’s stock after selling 6,036 shares during the quarter. Citizens Financial Group Inc RI’s holdings in Johnson Controls International were worth $1,043,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of JCI. Wellington Management Group LLP lifted its stake in shares of Johnson Controls International by 15.3% in the 3rd quarter. Wellington Management Group LLP now owns 47,001,412 shares of the company’s stock valued at $3,199,857,000 after purchasing an additional 6,243,817 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Johnson Controls International in the 4th quarter valued at about $110,475,000. Putnam Investments LLC lifted its stake in shares of Johnson Controls International by 12.8% in the 3rd quarter. Putnam Investments LLC now owns 11,337,610 shares of the company’s stock valued at $771,864,000 after purchasing an additional 1,290,875 shares in the last quarter. Korea Investment CORP lifted its stake in shares of Johnson Controls International by 252.0% in the 4th quarter. Korea Investment CORP now owns 1,517,722 shares of the company’s stock valued at $123,406,000 after purchasing an additional 1,086,563 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Johnson Controls International by 2.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 35,951,292 shares of the company’s stock valued at $2,923,200,000 after purchasing an additional 746,773 shares in the last quarter. Institutional investors own 88.54% of the company’s stock.

Several equities analysts have recently weighed in on the company. Credit Suisse Group reduced their price objective on Johnson Controls International from $80.00 to $73.00 in a research note on Thursday, May 5th. Morgan Stanley reduced their price objective on Johnson Controls International from $84.00 to $82.00 and set an “overweight” rating on the stock in a research note on Thursday, April 7th. Barclays reduced their price target on Johnson Controls International from $80.00 to $68.00 in a research report on Thursday, May 5th. Cowen reduced their price target on Johnson Controls International from $86.00 to $70.00 in a research report on Thursday, May 5th. Finally, William Blair reissued a “market perform” rating on shares of Johnson Controls International in a research report on Thursday, May 5th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Johnson Controls International has an average rating of “Buy” and a consensus price target of $74.73.

JCI stock opened at $52.37 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 1.00 and a debt-to-equity ratio of 0.42. Johnson Controls International plc has a 52-week low of $49.42 and a 52-week high of $81.77. The stock’s 50 day moving average is $61.55 and its two-hundred day moving average is $69.63. The company has a market capitalization of $36.43 billion, a PE ratio of 30.10, a P/E/G ratio of 1.14 and a beta of 1.14.

Johnson Controls International (NYSE:JCIGet Rating) last issued its quarterly earnings results on Wednesday, May 4th. The company reported $0.63 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.63. Johnson Controls International had a return on equity of 11.10% and a net margin of 5.00%. The business had revenue of $6.10 billion during the quarter, compared to the consensus estimate of $6.16 billion. During the same period in the previous year, the business earned $0.52 EPS. The business’s quarterly revenue was up 9.0% 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 year.

The company also recently declared a quarterly dividend, which was paid on Thursday, April 14th. Stockholders of record on Monday, March 21st were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.67%. This is an increase from Johnson Controls International’s previous quarterly dividend of $0.34. The ex-dividend date was Friday, March 18th. Johnson Controls International’s payout ratio is 80.46%.

In other news, VP Robert M. Vanhimbergen sold 5,683 shares of the business’s stock in a transaction that occurred on Friday, February 25th. The stock was sold at an average price of $64.44, for a total value of $366,212.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.61% of the stock is currently owned by insiders.

Johnson Controls International 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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