Cullen Capital Management LLC Sells 33,937 Shares of Johnson Controls International PLC (JCI)

Cullen Capital Management LLC trimmed its position in shares of Johnson Controls International PLC (NYSE:JCI) by 3.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 995,320 shares of the auto parts company’s stock after selling 33,937 shares during the quarter. Cullen Capital Management LLC owned approximately 0.11% of Johnson Controls International PLC worth $43,157,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of JCI. FNY Managed Accounts LLC purchased a new position in shares of Johnson Controls International PLC during the 1st quarter valued at approximately $100,000. Bessemer Group Inc. increased its holdings in shares of Johnson Controls International PLC by 5.5% during the 2nd quarter. Bessemer Group Inc. now owns 2,550 shares of the auto parts company’s stock valued at $110,000 after purchasing an additional 133 shares in the last quarter. Harfst & Associates Inc. increased its holdings in shares of Johnson Controls International PLC by 16.9% during the 2nd quarter. Harfst & Associates Inc. now owns 2,691 shares of the auto parts company’s stock valued at $116,000 after purchasing an additional 389 shares in the last quarter. Grove Bank & Trust increased its holdings in shares of Johnson Controls International PLC by 57.7% during the 2nd quarter. Grove Bank & Trust now owns 2,693 shares of the auto parts company’s stock valued at $117,000 after purchasing an additional 985 shares in the last quarter. Finally, First PREMIER Bank increased its holdings in shares of Johnson Controls International PLC by 366.2% during the 2nd quarter. First PREMIER Bank now owns 3,361 shares of the auto parts company’s stock valued at $146,000 after purchasing an additional 2,640 shares in the last quarter. 86.09% of the stock is owned by hedge funds and other institutional investors.

In other Johnson Controls International PLC news, VP Jeffrey M. Williams sold 1,955 shares of the business’s stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $41.43, for a total transaction of $80,995.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.48% of the company’s stock.

JCI has been the subject of several recent research reports. Zacks Investment Research lowered shares of Johnson Controls International PLC from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Morgan Stanley reaffirmed an “overweight” rating and set a $51.00 target price (up from $50.00) on shares of Johnson Controls International PLC in a report on Monday, July 10th. JMP Securities initiated coverage on shares of Johnson Controls International PLC in a report on Monday, June 19th. They set an “outperform” rating and a $54.00 target price for the company. Robert W. Baird reaffirmed a “buy” rating and set a $50.00 target price on shares of Johnson Controls International PLC in a report on Monday, August 28th. Finally, Gabelli raised shares of Johnson Controls International PLC from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $48.71.

Johnson Controls International PLC (NYSE:JCI) last issued its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.71 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.71. The firm had revenue of $7.67 billion during the quarter, compared to the consensus estimate of $7.72 billion. Johnson Controls International PLC had a positive return on equity of 11.74% and a negative net margin of 0.43%. The firm’s revenue was up 48.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.07 EPS.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Monday, September 25th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, September 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 2.42%. Johnson Controls International PLC’s dividend payout ratio (DPR) is presently -196.08%.

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About Johnson Controls International PLC

Johnson Controls, Inc is a technology company. The Company provides products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles, and seating and interior systems for automobiles. The Company operates in two segments: Building Efficiency and Power Solutions.

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

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