Tokio Marine Asset Management Co. Ltd. Grows Position in Johnson Controls International plc (NYSE:JCI)

Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of Johnson Controls International plc (NYSE:JCI) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,297 shares of the company’s stock after purchasing an additional 266 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Johnson Controls International were worth $824,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Johnson Controls International in the fourth quarter valued at about $25,000. NBC Securities Inc. purchased a new position in shares of Johnson Controls International in the third quarter valued at about $26,000. Headinvest LLC purchased a new position in shares of Johnson Controls International in the third quarter valued at about $30,000. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Johnson Controls International in the third quarter worth about $30,000. Finally, West Paces Advisors Inc. bought a new stake in shares of Johnson Controls International in the third quarter worth about $31,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Controls International Stock Up 1.0 %

Shares of NYSE JCI opened at $65.11 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.73 and a current ratio of 0.97. The firm has a market capitalization of $44.37 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 1.62 and a beta of 1.24. The stock has a 50 day moving average price of $62.79 and a 200 day moving average price of $56.87. Johnson Controls International plc has a 52-week low of $47.90 and a 52-week high of $70.43.

Johnson Controls International (NYSE:JCI) last announced its quarterly 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. The firm had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.94 billion. Johnson Controls International had a return on equity of 13.08% and a net margin of 7.85%. Johnson Controls International’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.67 earnings per share. Sell-side analysts expect that Johnson Controls International plc will post 3.61 earnings per share for the current year.

Johnson Controls International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Monday, March 25th were issued 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 yield of 2.27%. Johnson Controls International’s dividend payout ratio is currently 48.21%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on JCI. Barclays lifted their target price on Johnson Controls International from $59.00 to $61.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 2nd. Argus cut Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Tuesday, February 20th. Royal Bank of Canada reduced their price objective on Johnson Controls International from $50.00 to $48.00 and set an “underperform” rating on the stock in a research note on Wednesday, January 31st. Wells Fargo & Company boosted their price objective on Johnson Controls International from $64.00 to $73.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Finally, Mizuho cut Johnson Controls International from a “buy” rating to a “neutral” rating and set a $62.00 price objective on the stock. in a research note on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $64.50.

Johnson Controls International 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.