Gallacher Capital Management LLC Buys New Shares in Johnson Controls International plc (NYSE:JCI)

Gallacher Capital Management LLC bought a new position in shares of Johnson Controls International plc (NYSE:JCI) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 4,589 shares of the company’s stock, valued at approximately $265,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of JCI. Optimum Investment Advisors increased its stake in shares of Johnson Controls International by 17.5% in the 4th quarter. Optimum Investment Advisors now owns 1,175 shares of the company’s stock worth $68,000 after acquiring an additional 175 shares in the last quarter. Raleigh Capital Management Inc. raised its holdings in Johnson Controls International by 3.9% in the third quarter. Raleigh Capital Management Inc. now owns 4,767 shares of the company’s stock worth $254,000 after purchasing an additional 179 shares in the last quarter. BSW Wealth Partners boosted its stake in Johnson Controls International by 4.3% in the 4th quarter. BSW Wealth Partners now owns 4,494 shares of the company’s stock worth $259,000 after purchasing an additional 185 shares in the last quarter. Cottage Street Advisors LLC raised its stake in shares of Johnson Controls International by 4.9% during the 3rd quarter. Cottage Street Advisors LLC now owns 4,189 shares of the company’s stock valued at $223,000 after buying an additional 196 shares during the last quarter. Finally, Mutual Advisors LLC increased its stake in shares of Johnson Controls International by 0.4% in the 3rd quarter. Mutual Advisors LLC now owns 46,147 shares of the company’s stock valued at $2,455,000 after purchasing an additional 199 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors.

Johnson Controls International Stock Performance

NYSE JCI traded up $1.00 during trading on Monday, reaching $63.38. The company’s stock had a trading volume of 7,285,105 shares, compared to its average volume of 5,704,307. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.65 and a current ratio of 0.87. Johnson Controls International plc has a twelve month low of $47.90 and a twelve month high of $70.43. The firm has a market cap of $42.70 billion, a price-to-earnings ratio of 25.26, a P/E/G ratio of 1.59 and a beta of 1.23. The business’s fifty day moving average price is $63.31 and its 200-day moving average price is $57.30.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.03. The company had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.51 billion. Johnson Controls International had a net margin of 6.32% and a return on equity of 13.21%. The business’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.75 EPS. As a group, analysts anticipate 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 dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.34%. The ex-dividend date was Friday, March 22nd. Johnson Controls International’s dividend payout ratio is presently 59.92%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Barclays cut their price target on shares of Johnson Controls International from $61.00 to $59.00 and set an “equal weight” rating on the stock in a research note on Thursday. Royal Bank of Canada cut their price objective on shares of Johnson Controls International from $50.00 to $48.00 and set an “underperform” rating on the stock in a report on Wednesday, January 31st. StockNews.com downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. Mizuho cut 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. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $60.00 target price (down previously from $65.00) on shares of Johnson Controls International in a research report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, Johnson Controls International has a consensus rating of “Hold” and a consensus price target of $63.75.

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.