HM Payson & Co. Takes Position in Johnson Controls International PLC (NYSE:JCI)

HM Payson & Co. bought a new stake in Johnson Controls International PLC (NYSE:JCI) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 25,163 shares of the auto parts company’s stock, valued at approximately $842,000.

Other institutional investors also recently bought and sold shares of the company. Vontobel Swiss Wealth Advisors AG raised its holdings in shares of Johnson Controls International by 9.4% in the first quarter. Vontobel Swiss Wealth Advisors AG now owns 16,765 shares of the auto parts company’s stock valued at $591,000 after buying an additional 1,440 shares during the last quarter. First Allied Advisory Services Inc. increased its stake in shares of Johnson Controls International by 5.9% during the first quarter. First Allied Advisory Services Inc. now owns 26,655 shares of the auto parts company’s stock worth $939,000 after acquiring an additional 1,487 shares during the period. Atria Investments LLC increased its stake in shares of Johnson Controls International by 7.2% during the second quarter. Atria Investments LLC now owns 23,502 shares of the auto parts company’s stock worth $786,000 after acquiring an additional 1,575 shares during the period. Wealth Advisors of Tampa Bay LLC increased its stake in shares of Johnson Controls International by 2.6% during the first quarter. Wealth Advisors of Tampa Bay LLC now owns 65,401 shares of the auto parts company’s stock worth $2,309,000 after acquiring an additional 1,670 shares during the period. Finally, Wetherby Asset Management Inc. increased its stake in shares of Johnson Controls International by 12.9% during the second quarter. Wetherby Asset Management Inc. now owns 15,181 shares of the auto parts company’s stock worth $508,000 after acquiring an additional 1,732 shares during the period. Hedge funds and other institutional investors own 92.89% of the company’s stock.

Several research analysts have weighed in on the stock. Barclays lowered their target price on shares of Johnson Controls International from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Monday, July 9th. Wolfe Research began coverage on shares of Johnson Controls International in a report on Wednesday, June 27th. They issued a “market perform” rating on the stock. Royal Bank of Canada reaffirmed a “sell” rating and issued a $34.00 price target on shares of Johnson Controls International in a report on Wednesday, August 1st. Zacks Investment Research raised shares of Johnson Controls International from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. Finally, Citigroup upped their price objective on shares of Johnson Controls International from $45.00 to $46.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the stock. Johnson Controls International currently has an average rating of “Hold” and an average target price of $41.27.

Shares of Johnson Controls International stock traded down $0.77 during trading hours on Friday, hitting $32.96. The company’s stock had a trading volume of 7,734,483 shares, compared to its average volume of 5,145,668. Johnson Controls International PLC has a 1-year low of $32.35 and a 1-year high of $42.60. The firm has a market capitalization of $32.37 billion, a P/E ratio of 12.68, a PEG ratio of 1.13 and a beta of 0.85. The company has a quick ratio of 0.79, a current ratio of 1.10 and a debt-to-equity ratio of 0.48.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Tuesday, July 31st. The auto parts company reported $0.81 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.02. The business had revenue of $8.12 billion during the quarter, compared to analyst estimates of $7.96 billion. Johnson Controls International had a net margin of 7.27% and a return on equity of 11.84%. The business’s revenue was up 5.9% on a year-over-year basis. During the same period last year, the business earned $0.71 EPS. On average, research analysts expect that Johnson Controls International PLC will post 2.81 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Monday, September 24th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend was Friday, September 21st. Johnson Controls International’s payout ratio is 40.00%.

Johnson Controls International Profile

Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Building Technologies & Solutions and Power Solutions segments. It designs, sells, controls, installs heating, ventilating, and air conditioning systems. The company also provides residential air conditioning and heating systems, and industrial refrigeration products, as well as technical and energy management consulting services.

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

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