Wedge Capital Management L L P NC Has $9.76 Million Stock Holdings in Johnson Controls International plc (NYSE:JCI)

Wedge Capital Management L L P NC raised its stake in Johnson Controls International plc (NYSE:JCI) by 9.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 169,233 shares of the company’s stock after buying an additional 15,268 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Johnson Controls International were worth $9,755,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC bought a new position in shares of Johnson Controls International in the 4th quarter valued at $25,000. NBC Securities Inc. bought a new stake in Johnson Controls International during the 3rd quarter worth $26,000. Headinvest LLC bought a new stake in Johnson Controls International during the 3rd quarter worth $30,000. Moisand Fitzgerald Tamayo LLC bought a new stake in Johnson Controls International during the 3rd quarter worth $30,000. Finally, West Paces Advisors Inc. bought a new stake in Johnson Controls International during the 3rd quarter worth $31,000. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Trading Up 0.8 %

NYSE JCI opened at $65.17 on Wednesday. The stock’s 50-day simple moving average is $62.34 and its two-hundred day simple moving average is $56.67. Johnson Controls International plc has a twelve month low of $47.90 and a twelve month high of $70.43. The company has a quick ratio of 0.73, a current ratio of 0.97 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $44.41 billion, a price-to-earnings ratio of 21.23, a PEG ratio of 1.62 and a beta of 1.24.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Tuesday, January 30th. The company reported $0.51 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.51. The business had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.94 billion. Johnson Controls International had a return on equity of 13.08% and a net margin of 7.85%. The company’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter last year, the business posted $0.67 earnings per share. Research analysts forecast that Johnson Controls International plc will post 3.61 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Monday, March 25th were paid a $0.37 dividend. The ex-dividend date of this dividend was Friday, March 22nd. This represents a $1.48 annualized dividend and a dividend yield of 2.27%. Johnson Controls International’s payout ratio is presently 48.21%.

Analyst Upgrades and Downgrades

A number of research firms have commented on JCI. Argus lowered Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Tuesday, February 20th. Barclays upped their price target on Johnson Controls International from $59.00 to $61.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 2nd. Royal Bank of Canada reduced their price target on Johnson Controls International from $50.00 to $48.00 and set an “underperform” rating on the stock in a research report on Wednesday, January 31st. Melius Research reiterated a “hold” rating on shares of Johnson Controls International in a research report on Tuesday, January 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $60.00 price objective (down from $65.00) on shares of Johnson Controls International in a research note on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $64.50.

About Johnson Controls International

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.