The most recent Form 13F filing that Bank of New York Mellon Corp.
Made with the Securities and Exchange Commission revealed that the company increased its holdings in Johnson Controls International plc (NYSE: JCI) during the third quarter by 19.5% (SEC).
Throughout the period in question, the fund amassed 6,669,416 shares of the company’s stock by purchasing an additional 1,089,054, bringing the total number of shares it owned to 6,669,416.
The Bank of New York Mellon Corporation concluded that Johnson Controls International had a total value of 328,269,009 dollars at the end of its most recent fiscal quarter.
Many research organizations have produced reports on JCI and made them available for public consumption.
Mizuho gave Johnson Controls International a “buy” rating in a research report released on Friday, January 13.
In addition, Mizuho raised its price target for the company from $72.00 to $78.00.
The report was the catalyst for this increase in activity. Citigroup changed its rating for Johnson Controls International from “neutral” to “overweight” in a research report made public on Friday, December 9.
Additionally, they raised their price target for the stock to $68.00, up from $64.00. On Thursday, StockNews.com incorporated Johnson Controls International into its market research coverage, marking the website’s expansion of this coverage.
The stock now has a “buy” rating, previously held by another rating.
Barclays lowered their price target for Johnson Controls International from $75 to $74 in a research report published on February 2.
The company also assigned an “overweight” rating to its stock.
Last, Bank of America lowered their target price on Johnson Controls International shares from $85.00 to $72.00 in a research report made available to the public on Monday, December 12.
Additionally, they downgraded the company from a “buy” rating to a “neutral” rating. Nine equity research analysts have assigned a buy rating to the stock, while there are only three equity research analysts who have assigned a hold rating to the stock.
According to Bloomberg, the stock has been given a consensus rating of “Moderate Buy,” and the price goal that the consensus has decided upon is currently set at $70.43.
Recently, several large institutional investors have changed the allocation of the stock holdings contained within their portfolios. Raymond James Trust N.A.
Increased the amount of Johnson Controls International stock owned by 3.1% over the year’s first three months. Following the purchase of an additional 401 shares during the most recent quarter, Raymond James Trust N.A. now directly owns 13,142 shares, valued at $862,000.
These shares were acquired as part of the most recent transaction.
During the first three months of the year, Synovus Finance Corporation acquired an additional 3.6% of shares in Johnson Controls International.
The most recent fiscal quarter saw Synovus Financial Corp.
Purchase 425 shares.
As a result, the company now has a total of 12,080 shares in the company, which have a value of $786,000.
That company’s ownership percentage reflected a 0.7% increase in the proportion of Johnson Controls International stock that Baird Financial Group INC owned as of the end of the first quarter.
Baird Financial Group INC now has 70,039 shares after purchasing an additional 461 shares during the most recent fiscal quarter.
The value of these shares comes to $4,593,000.
Brown Brothers Harriman & Co increased the amount of Johnson Controls International stock owned by 23% during the first three months of this year.
The investment firm Brown Brothers Harriman & Co currently holds 7,581 shares of the company, which collectively have a value of $497,000.
This was a direct consequence of the company’s most recent purchase of 1,418 additional shares during the fiscal quarter.
During the first three months of this year, Mackenzie Financial Corporation added 3.5 percent to the Johnson Controls International shares it held in its portfolio.
Mackenzie Financial Corp. now owns a total of 371,039 shares of the company following the acquisition of an additional 12,648 shares during the most recent quarter.
The total value of the company’s stock held by Mackenzie Financial Corp.
Is $24,329,000. Currently, institutions own 88.76% of the common stock of the company.
When the market opened on Thursday, shares of Johnson Controls International were going for $58.99 each. Over the previous year, Johnson Controls International plc experienced a price range that ranged from $45.52 up to $69.60 at its highest point.
The company’s market capitalization is currently sitting at $40.54 billion, and it possesses a price-to-earnings ratio of 32.06, a price-to-earnings-to-growth ratio of 1.28, and a beta value of 1.23.
The price of the stock’s moving average over the past 50 days is $65.31; over the past 200 days, it has been $61.49, respectively.
The debt-to-equity ratio comes in at 0.45, the current ratio stands at 1.02, and the quick ratio settles in at 0.77.
On February 1, the most recent quarterly earnings report for Johnson Controls International was made public.
This company’s stock is traded on the New York Stock Exchange (NYSE) under the “JCI.” The company reported quarterly earnings per share at $0.67, $0.01 higher than the consensus estimate of $0.66. Johnson Controls International had a return on equity of 12.51 percent, and the company had a net margin of 4.98%.
Both of these figures are percentages.
The corporation’s actual quarterly sales came in at $6.07 billion, which is lower than the average projection of $6.25 billion that was made for the corporation’s sales.
The company reported a profit of $0.54 per share for the same period in the prior year’s financial statements.
The company’s quarterly sales experienced an increase of 3.5% compared to the same quarter in the previous year’s financial year.
Profits of $3.48 per share are what industry analysts anticipate Johnson Controls International plc will bring in for the current fiscal year.
This information comes from projections made by these analysts.
In addition, the company has announced that it will be distributing a quarterly dividend on April 14 of this year.
The dividend has been declared. On Monday, March 20, 2019, the $0.36 dividend will be paid out to shareholders currently registered for the dividend.
This dividend will not be distributed until after the ex-dividend date, which is this coming Friday, March 17; however, the ex-dividend date has already passed.
The investor will receive a dividend payment of $1.44 per year and a yield of 2.44% on their investment. Compared to the previous quarterly dividend payment made by Johnson Controls International, which was $0.35, this represents an increase in the company’s payout. Johnson Controls International has reached a point where its dividend payout ratio (also known as DPR) has reached 76.09%.