Bp Plc Acquires Shares of 115,000 Johnson Controls International PLC (JCI)

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Bp Plc acquired a new position in shares of Johnson Controls International PLC (NYSE:JCI) during the third quarter, HoldingsChannel.com reports. The institutional investor acquired 115,000 shares of the auto parts company’s stock, valued at approximately $4,024,000.

Other hedge funds also recently added to or reduced their stakes in the company. First PREMIER Bank acquired a new stake in Johnson Controls International during the second quarter worth approximately $118,000. TRUE Private Wealth Advisors acquired a new stake in Johnson Controls International during the third quarter worth approximately $131,000. FTB Advisors Inc. acquired a new position in shares of Johnson Controls International in the 2nd quarter valued at $138,000. Point72 Hong Kong Ltd acquired a new position in shares of Johnson Controls International in the 2nd quarter valued at $156,000. Finally, Synovus Financial Corp increased its holdings in shares of Johnson Controls International by 87.8% in the 3rd quarter. Synovus Financial Corp now owns 5,282 shares of the auto parts company’s stock valued at $186,000 after acquiring an additional 2,469 shares during the period. 92.83% of the stock is currently owned by institutional investors.

Shares of Johnson Controls International stock opened at $33.26 on Wednesday. The firm has a market capitalization of $30.06 billion, a PE ratio of 11.82, a price-to-earnings-growth ratio of 0.98 and a beta of 0.87. Johnson Controls International PLC has a 12 month low of $30.60 and a 12 month high of $41.56. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.79 and a current ratio of 1.10.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Monday, September 24th were given a $0.26 dividend. The ex-dividend date was Friday, September 21st. This represents a $1.04 dividend on an annualized basis and a yield of 3.13%. Johnson Controls International’s dividend payout ratio (DPR) is 40.00%.

A number of brokerages have recently commented on JCI. Morgan Stanley set a $35.00 target price on shares of Johnson Controls International and gave the company a “hold” rating in a report on Friday, November 2nd. TheStreet cut shares of Johnson Controls International from a “b-” rating to a “c+” rating in a report on Tuesday, October 30th. Credit Suisse Group began coverage on shares of Johnson Controls International in a report on Friday, October 12th. They issued a “neutral” rating and a $37.00 target price on the stock. Wells Fargo & Co cut their target price on shares of Johnson Controls International from $41.00 to $38.00 and set a “market perform” rating on the stock in a report on Friday, September 28th. Finally, JPMorgan Chase & Co. cut shares of Johnson Controls International from a “neutral” rating to an “underweight” rating and set a $44.00 target price on the stock. in a report on Friday, September 21st. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $40.29.

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About Johnson Controls International

Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Building Technologies & Solutions and Power Solutions segments. It designs, sells, controls, installs heating, ventilating, and air conditioning systems. The company also provides residential air conditioning and heating systems, and industrial refrigeration products, as well as technical and energy management consulting services.

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Institutional Ownership by Quarter for Johnson Controls International (NYSE:JCI)

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