Johnson Controls International plc Ordinary Share (JCI) Shares Sold by Groesbeck Investment Management Corp NJ

Groesbeck Investment Management Corp NJ lowered its stake in shares of Johnson Controls International plc Ordinary Share (NYSE:JCI) by 49.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,930 shares of the auto parts company’s stock after selling 7,898 shares during the period. Groesbeck Investment Management Corp NJ’s holdings in Johnson Controls International plc Ordinary Share were worth $302,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Perigon Wealth Management LLC raised its position in Johnson Controls International plc Ordinary Share by 171.7% during the second quarter. Perigon Wealth Management LLC now owns 2,663 shares of the auto parts company’s stock worth $116,000 after acquiring an additional 1,683 shares during the last quarter. Balentine LLC raised its position in Johnson Controls International plc Ordinary Share by 82.0% during the third quarter. Balentine LLC now owns 3,307 shares of the auto parts company’s stock worth $133,000 after acquiring an additional 1,490 shares during the last quarter. Calton & Associates Inc. acquired a new position in Johnson Controls International plc Ordinary Share during the fourth quarter worth about $155,000. Cable Hill Partners LLC raised its position in Johnson Controls International plc Ordinary Share by 226.4% during the third quarter. Cable Hill Partners LLC now owns 4,380 shares of the auto parts company’s stock worth $176,000 after acquiring an additional 3,038 shares during the last quarter. Finally, Field & Main Bank acquired a new position in Johnson Controls International plc Ordinary Share during the fourth quarter worth about $172,000. 89.61% of the stock is currently owned by hedge funds and other institutional investors.

In related news, VP Jeffrey M. Williams sold 27,734 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $40.00, for a total value of $1,109,360.00. Following the completion of the sale, the vice president now directly owns 201,961 shares in the company, valued at $8,078,440. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP William C. Jackson bought 20,000 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was bought at an average price of $36.00 per share, with a total value of $720,000.00. Following the completion of the acquisition, the vice president now owns 286,842 shares of the company’s stock, valued at approximately $10,326,312. The disclosure for this purchase can be found here. In the last three months, insiders bought 59,300 shares of company stock valued at $2,161,560. Company insiders own 0.43% of the company’s stock.

A number of equities analysts have issued reports on JCI shares. 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 target price for the stock from $37.36 to $44.00 in a research report on Thursday, December 7th. UBS Group started coverage on shares of Johnson Controls International plc Ordinary Share in a research report on Monday, January 22nd. They set a “buy” rating for the company. Zacks Investment Research cut shares of Johnson Controls International plc Ordinary Share from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. Finally, Oppenheimer restated a “buy” rating and set a $50.00 target price (down previously from $52.00) on shares of Johnson Controls International plc Ordinary Share in a research report on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $46.50.

Johnson Controls International plc Ordinary Share (JCI) opened at $36.29 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.11 and a quick ratio of 0.80. The firm has a market cap of $33,850.00, a P/E ratio of 23.11, a PEG ratio of 1.21 and a beta of 0.81. Johnson Controls International plc Ordinary Share has a 52-week low of $34.51 and a 52-week high of $44.37.

Johnson Controls International plc Ordinary Share (NYSE:JCI) last posted its quarterly earnings data on Wednesday, January 31st. The auto parts company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. The business had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.19 billion. Johnson Controls International plc Ordinary Share had a net margin of 5.92% and a return on equity of 11.73%. The company’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.53 earnings per share. analysts forecast that Johnson Controls International plc Ordinary Share will post 2.79 EPS for the current year.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Monday, December 18th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date 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 currently 66.24%.

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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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