Desjardins Global Asset Management Inc. Lowers Holdings in Johnson Controls International plc (NYSE:JCI)

Desjardins Global Asset Management Inc. trimmed its holdings in Johnson Controls International plc (NYSE:JCI) by 19.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 28,192 shares of the company’s stock after selling 6,729 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in Johnson Controls International were worth $1,625,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Raymond James Trust N.A. raised its position in shares of Johnson Controls International by 3.1% in the first quarter. Raymond James Trust N.A. now owns 13,142 shares of the company’s stock worth $862,000 after acquiring an additional 401 shares during the period. Synovus Financial Corp raised its position in shares of Johnson Controls International by 3.6% in the first quarter. Synovus Financial Corp now owns 12,080 shares of the company’s stock worth $786,000 after acquiring an additional 425 shares during the period. Baird Financial Group Inc. raised its position in shares of Johnson Controls International by 0.7% in the first quarter. Baird Financial Group Inc. now owns 70,039 shares of the company’s stock worth $4,593,000 after acquiring an additional 461 shares during the period. Brown Brothers Harriman & Co. raised its position in shares of Johnson Controls International by 23.0% in the first quarter. Brown Brothers Harriman & Co. now owns 7,581 shares of the company’s stock worth $497,000 after acquiring an additional 1,418 shares during the period. Finally, Mackenzie Financial Corp raised its position in shares of Johnson Controls International by 3.5% in the first quarter. Mackenzie Financial Corp now owns 371,039 shares of the company’s stock worth $24,329,000 after acquiring an additional 12,648 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Controls International Stock Down 0.3 %

Shares of NYSE JCI opened at $64.22 on Wednesday. Johnson Controls International plc has a 12-month low of $47.90 and a 12-month high of $70.43. The stock has a market cap of $43.76 billion, a PE ratio of 20.92, a P/E/G ratio of 1.62 and a beta of 1.24. The company has a current ratio of 0.97, a quick ratio of 0.73 and a debt-to-equity ratio of 0.45. The company has a 50-day moving average of $61.42 and a 200 day moving average of $56.24.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Tuesday, January 30th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.51. Johnson Controls International had a net margin of 7.85% and a return on equity of 13.08%. The company had revenue of $6.09 billion during the quarter, compared to analysts’ expectations of $6.94 billion. During the same quarter in the prior year, the company earned $0.67 EPS. Johnson Controls International’s revenue was up .4% compared to the same quarter last year. As a group, sell-side analysts predict that Johnson Controls International plc will post 3.61 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 19th. Stockholders of record on Monday, March 25th will be paid a $0.37 dividend. The ex-dividend date is Friday, March 22nd. This represents a $1.48 annualized dividend and a dividend yield of 2.30%. Johnson Controls International’s dividend payout ratio (DPR) is 48.21%.

Analysts Set New Price Targets

JCI has been the subject of a number of analyst reports. Mizuho downgraded shares of Johnson Controls International from a “buy” rating to a “neutral” rating and set a $62.00 price objective for the company. in a research report on Friday, February 23rd. Wells Fargo & Company upped their price target on shares of Johnson Controls International from $64.00 to $73.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $60.00 price target (down previously from $65.00) on shares of Johnson Controls International in a research report on Wednesday, January 31st. StockNews.com downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. Finally, Argus downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $64.08.

Johnson Controls International Profile

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.