Phoenix Wealth Advisors Has $1.97 Million Stock Holdings in Johnson Controls International plc (NYSE:JCI)

Phoenix Wealth Advisors decreased its position in Johnson Controls International plc (NYSE:JCI) by 1.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 34,564 shares of the company’s stock after selling 553 shares during the period. Johnson Controls International makes up 1.4% of Phoenix Wealth Advisors’ portfolio, making the stock its 28th largest position. Phoenix Wealth Advisors’ holdings in Johnson Controls International were worth $1,973,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in JCI. Invesco Ltd. grew its stake in Johnson Controls International by 4.7% in the third quarter. Invesco Ltd. now owns 13,063,227 shares of the company’s stock valued at $695,094,000 after acquiring an additional 588,724 shares during the period. Geode Capital Management LLC grew its position in shares of Johnson Controls International by 1.8% in the 1st quarter. Geode Capital Management LLC now owns 12,241,814 shares of the company’s stock valued at $735,258,000 after purchasing an additional 214,832 shares during the period. Morgan Stanley increased its stake in Johnson Controls International by 40.7% during the 4th quarter. Morgan Stanley now owns 9,990,590 shares of the company’s stock worth $639,398,000 after purchasing an additional 2,890,395 shares in the last quarter. Northern Trust Corp raised its holdings in Johnson Controls International by 6.2% during the 3rd quarter. Northern Trust Corp now owns 7,065,473 shares of the company’s stock worth $375,954,000 after buying an additional 415,056 shares during the period. Finally, Norges Bank bought a new position in Johnson Controls International in the fourth quarter valued at approximately $419,897,000. Institutional investors own 90.05% of the company’s stock.

Wall Street Analyst Weigh In

JCI has been the subject of several research reports. Royal Bank of Canada lowered their price objective on shares of Johnson Controls International from $50.00 to $48.00 and set an “underperform” rating for the company in a research report on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $60.00 target price (down previously from $65.00) on shares of Johnson Controls International in a report on Wednesday, January 31st. Argus lowered Johnson Controls International from a “buy” rating to a “hold” rating in a report on Tuesday, February 20th. Wells Fargo & Company increased their price objective on Johnson Controls International from $64.00 to $73.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Finally, Citigroup lifted their target price on Johnson Controls International from $59.00 to $68.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Johnson Controls International has an average rating of “Hold” and a consensus price target of $64.08.

Johnson Controls International Stock Performance

JCI stock traded down $0.17 during trading hours on Wednesday, reaching $64.23. The stock had a trading volume of 3,655,062 shares, compared to its average volume of 4,337,069. The stock has a 50-day simple moving average of $61.42 and a 200 day simple moving average of $56.24. Johnson Controls International plc has a fifty-two week low of $47.90 and a fifty-two week high of $70.43. The stock has a market capitalization of $43.77 billion, a PE ratio of 20.92, a price-to-earnings-growth ratio of 1.62 and a beta of 1.24. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.97 and a quick ratio of 0.73.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Tuesday, January 30th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $6.94 billion. During the same period in the prior year, the firm earned $0.67 EPS. Johnson Controls International’s quarterly revenue was up .4% compared to the same quarter last year. Analysts predict 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 will be paid on Friday, April 19th. Investors of record on Monday, March 25th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend is Friday, March 22nd. Johnson Controls International’s payout ratio is presently 48.21%.

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.