New York Life Investment Management LLC Acquires 640 Shares of Johnson Controls International plc (NYSE:JCI)

New York Life Investment Management LLC grew its stake in shares of Johnson Controls International plc (NYSE:JCI) by 0.6% in the fourth quarter, Holdings Channel reports. The firm owned 106,450 shares of the company’s stock after acquiring an additional 640 shares during the period. New York Life Investment Management LLC’s holdings in Johnson Controls International were worth $6,136,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Johnson Controls International in the 4th quarter worth approximately $25,000. NBC Securities Inc. purchased a new stake in shares of Johnson Controls International during the third quarter worth about $26,000. Hexagon Capital Partners LLC increased its position in shares of Johnson Controls International by 114.0% in the 4th quarter. Hexagon Capital Partners LLC now owns 503 shares of the company’s stock valued at $29,000 after acquiring an additional 268 shares during the period. Headinvest LLC acquired a new stake in shares of Johnson Controls International during the third quarter worth about $30,000. Finally, West Paces Advisors Inc. acquired a new stake in Johnson Controls International during the 3rd quarter valued at approximately $31,000. Institutional investors own 90.05% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on JCI shares. Oppenheimer lowered their price target on shares of Johnson Controls International from $71.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday. Citigroup lifted their price objective on Johnson Controls International from $59.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Wells Fargo & Company upped their price objective on Johnson Controls International from $64.00 to $73.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Argus downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a report on Tuesday, February 20th. Finally, Barclays reduced their price objective on Johnson Controls International from $61.00 to $59.00 and set an “equal weight” rating on the stock in a research note on Thursday. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $64.25.

Johnson Controls International Stock Up 2.7 %

Shares of Johnson Controls International stock opened at $62.36 on Friday. Johnson Controls International plc has a twelve month low of $47.90 and a twelve month high of $70.43. The stock has a market cap of $42.01 billion, a price-to-earnings ratio of 25.25, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23. The company has a current ratio of 0.87, a quick ratio of 0.73 and a debt-to-equity ratio of 0.44. The company has a fifty day moving average price of $63.23 and a 200 day moving average price of $57.15.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Wednesday, May 1st. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.03. The company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.51 billion. Johnson Controls International had a return on equity of 13.21% and a net margin of 6.32%. The company’s revenue was down 6.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.75 earnings per share. Equities research analysts forecast that Johnson Controls International plc will post 3.61 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Monday, March 25th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, March 22nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.37%. Johnson Controls International’s dividend payout ratio is currently 59.92%.

Johnson Controls International Company 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.