Johnson Controls International plc (NYSE:JCI) Shares Bought by Clark Capital Management Group Inc.

Clark Capital Management Group Inc. grew its holdings in shares of Johnson Controls International plc (NYSE:JCIGet Rating) by 4.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 460,684 shares of the company’s stock after acquiring an additional 19,026 shares during the quarter. Clark Capital Management Group Inc. owned about 0.07% of Johnson Controls International worth $37,458,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Northwest Investment Counselors LLC purchased a new stake in shares of Johnson Controls International during the fourth quarter valued at $25,000. Blue Bell Private Wealth Management LLC purchased a new stake in shares of Johnson Controls International during the fourth quarter valued at $26,000. Addison Advisors LLC purchased a new stake in shares of Johnson Controls International during the fourth quarter valued at $28,000. Bell Investment Advisors Inc purchased a new stake in shares of Johnson Controls International during the third quarter valued at $30,000. Finally, Elmwood Wealth Management Inc. purchased a new stake in shares of Johnson Controls International during the fourth quarter valued at $32,000. Institutional investors own 88.54% of the company’s stock.

In other Johnson Controls International news, VP Robert M. Vanhimbergen sold 5,683 shares of the firm’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 is available at this link. 0.76% of the stock is currently owned by company insiders.

NYSE:JCI traded up $0.73 during mid-day trading on Monday, hitting $51.84. 114,979 shares of the company’s stock traded hands, compared to its average volume of 4,616,646. The firm has a 50 day moving average of $60.99 and a two-hundred day moving average of $69.13. Johnson Controls International plc has a 12 month low of $49.42 and a 12 month high of $81.77. The firm has a market capitalization of $36.06 billion, a price-to-earnings ratio of 29.40, a price-to-earnings-growth ratio of 1.15 and a beta of 1.14. The company has a current ratio of 1.00, a quick ratio of 0.78 and a debt-to-equity ratio of 0.42.

Johnson Controls International (NYSE:JCIGet Rating) last announced its earnings results on Wednesday, May 4th. The company reported $0.63 earnings per share for the quarter, meeting the consensus estimate of $0.63. Johnson Controls International had a return on equity of 11.10% and a net margin of 5.00%. The firm had revenue of $6.10 billion during the quarter, compared to the consensus estimate of $6.16 billion. During the same quarter in the prior year, the company earned $0.52 EPS. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, equities research analysts expect that Johnson Controls International plc will post 3 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 14th. Shareholders of record on Monday, March 21st were given a $0.35 dividend. The ex-dividend date of this dividend was Friday, March 18th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.70%. This is an increase from Johnson Controls International’s previous quarterly dividend of $0.34. Johnson Controls International’s dividend payout ratio (DPR) is currently 80.46%.

Several equities research analysts have recently commented on the company. StockNews.com downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a report on Tuesday, March 29th. Morgan Stanley dropped their price target on Johnson Controls International from $84.00 to $82.00 and set an “overweight” rating on the stock in a research report on Thursday, April 7th. TheStreet lowered Johnson Controls International from a “b” rating to a “c+” rating in a research report on Wednesday, May 4th. Barclays dropped their price target on Johnson Controls International from $80.00 to $68.00 in a research report on Thursday, May 5th. Finally, Credit Suisse Group dropped their price target on Johnson Controls International from $80.00 to $73.00 in a research report on Thursday, May 5th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $74.73.

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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