Johnson Controls International plc Ordinary Share (JCI) Shares Sold by Sky Investment Group LLC

Sky Investment Group LLC cut its stake in Johnson Controls International plc Ordinary Share (NYSE:JCI) by 52.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,363 shares of the auto parts company’s stock after selling 5,908 shares during the period. Sky Investment Group LLC’s holdings in Johnson Controls International plc Ordinary Share were worth $204,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Honeywell International Inc. lifted its position in Johnson Controls International plc Ordinary Share by 216.7% during the third quarter. Honeywell International Inc. now owns 950,200 shares of the auto parts company’s stock valued at $38,284,000 after buying an additional 650,200 shares in the last quarter. Trustco Bank Corp N Y acquired a new position in Johnson Controls International plc Ordinary Share during the third quarter valued at approximately $452,000. Moors & Cabot Inc. lifted its position in Johnson Controls International plc Ordinary Share by 83.7% during the third quarter. Moors & Cabot Inc. now owns 44,482 shares of the auto parts company’s stock valued at $1,787,000 after buying an additional 20,262 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in Johnson Controls International plc Ordinary Share by 19.1% during the third quarter. Oppenheimer Asset Management Inc. now owns 637,917 shares of the auto parts company’s stock valued at $25,701,000 after buying an additional 102,274 shares in the last quarter. Finally, Poplar Forest Capital LLC lifted its position in Johnson Controls International plc Ordinary Share by 41.7% during the third quarter. Poplar Forest Capital LLC now owns 1,066,286 shares of the auto parts company’s stock valued at $42,961,000 after buying an additional 313,527 shares in the last quarter. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Johnson Controls International plc Ordinary Share (NYSE:JCI) traded down $0.73 on Wednesday, hitting $39.44. 6,822,618 shares of the stock were exchanged, compared to its average volume of 6,648,960. The stock has a market capitalization of $37,170.00, a price-to-earnings ratio of 23.06, a P/E/G ratio of 1.07 and a beta of 0.90. Johnson Controls International plc Ordinary Share has a 12 month low of $34.51 and a 12 month high of $44.70. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.04 and a quick ratio of 0.77.

Johnson Controls International plc Ordinary Share (NYSE:JCI) last posted its quarterly earnings data on Thursday, November 9th. The auto parts company reported $0.87 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.87. The company had revenue of $8.14 billion for the quarter, compared to analyst estimates of $8.10 billion. Johnson Controls International plc Ordinary Share had a net margin of 6.32% and a return on equity of 11.91%. The business’s quarterly revenue was up 30.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.21 earnings per share. analysts forecast that Johnson Controls International plc Ordinary Share will post 2.8 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Monday, December 18th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend was Friday, December 15th. This is a positive change from Johnson Controls International plc Ordinary Share’s previous quarterly dividend of $0.25. Johnson Controls International plc Ordinary Share’s payout ratio is 60.82%.

Johnson Controls International plc Ordinary Share announced that its Board of Directors has initiated a share repurchase program on Thursday, December 7th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the auto parts company to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

A number of brokerages have weighed in on JCI. Zacks Investment Research raised shares of Johnson Controls International plc Ordinary Share from a “sell” rating to a “hold” rating in a research report on Monday. Robert W. Baird cut shares of Johnson Controls International plc Ordinary Share from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $48.00 to $42.00 in a research report on Friday, January 5th. TheStreet cut shares of Johnson Controls International plc Ordinary Share from a “b” rating to a “c+” rating in a research report on Monday, December 18th. Goldman Sachs Group cut shares of Johnson Controls International plc Ordinary Share from a “neutral” rating to a “sell” rating and lifted their price target for the company from $37.36 to $44.00 in a research report on Thursday, December 7th. Finally, Susquehanna Bancshares cut shares of Johnson Controls International plc Ordinary Share from a “positive” rating to a “neutral” rating and lifted their price target for the company from $48.00 to $49.00 in a research report on Wednesday, November 15th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $47.31.

In related news, VP William C. Jackson purchased 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was acquired at an average price of $36.00 per share, for a total transaction of $720,000.00. Following the completion of the purchase, the vice president now owns 286,842 shares in the company, valued at $10,326,312. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO George Oliver purchased 27,300 shares of the company’s stock in a transaction that occurred on Friday, November 24th. The stock was bought at an average price of $36.80 per share, with a total value of $1,004,640.00. Following the purchase, the chief executive officer now owns 634,732 shares of the company’s stock, valued at approximately $23,358,137.60. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 59,300 shares of company stock valued at $2,161,560. Insiders own 1.50% of the company’s stock.

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Johnson Controls International plc Ordinary Share Profile

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.

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

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