Johnson Controls International plc (NYSE:JCI) Shares Sold by Ledyard National Bank

Ledyard National Bank cut its holdings in Johnson Controls International plc (NYSE:JCI) by 5.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,479 shares of the company’s stock after selling 3,483 shares during the quarter. Ledyard National Bank’s holdings in Johnson Controls International were worth $3,486,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Optimum Investment Advisors grew its holdings in Johnson Controls International by 17.5% during the 4th quarter. Optimum Investment Advisors now owns 1,175 shares of the company’s stock valued at $68,000 after buying an additional 175 shares during the last quarter. Raleigh Capital Management Inc. increased its position in Johnson Controls International by 3.9% during the 3rd quarter. Raleigh Capital Management Inc. now owns 4,767 shares of the company’s stock worth $254,000 after purchasing an additional 179 shares in the last quarter. BSW Wealth Partners increased its position in Johnson Controls International by 4.3% during the 4th quarter. BSW Wealth Partners now owns 4,494 shares of the company’s stock worth $259,000 after purchasing an additional 185 shares in the last quarter. Cottage Street Advisors LLC raised its stake in Johnson Controls International by 4.9% in the 3rd quarter. Cottage Street Advisors LLC now owns 4,189 shares of the company’s stock valued at $223,000 after purchasing an additional 196 shares during the last quarter. Finally, Mutual Advisors LLC lifted its holdings in Johnson Controls International by 0.4% in the 3rd quarter. Mutual Advisors LLC now owns 46,147 shares of the company’s stock valued at $2,455,000 after purchasing an additional 199 shares in the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

JCI has been the subject of a number of analyst reports. HSBC lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $60.00 price objective for the company. in a research report on Wednesday, January 31st. Barclays lifted their price objective on Johnson Controls International from $59.00 to $61.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 2nd. StockNews.com lowered Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Thursday, January 25th. Melius Research reissued a “hold” rating on shares of Johnson Controls International in a research note on Tuesday, January 30th. Finally, Royal Bank of Canada dropped their price objective on shares of Johnson Controls International from $50.00 to $48.00 and set an “underperform” rating for the company in a research note on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $64.50.

Johnson Controls International Trading Up 0.3 %

Shares of Johnson Controls International stock traded up $0.20 during trading hours on Monday, hitting $65.31. The company’s stock had a trading volume of 5,015,567 shares, compared to its average volume of 5,537,009. The business has a fifty day moving average of $62.96 and a 200 day moving average of $57.01. Johnson Controls International plc has a 1-year low of $47.90 and a 1-year high of $70.43. The company has a quick ratio of 0.73, a current ratio of 0.97 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $44.51 billion, a PE ratio of 21.27, a P/E/G ratio of 1.63 and a beta of 1.24.

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 the consensus estimate of $0.51. Johnson Controls International had a return on equity of 13.08% and a net margin of 7.85%. The firm had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $6.94 billion. During the same period in the prior year, the firm earned $0.67 EPS. The firm’s quarterly revenue was up .4% compared to the same quarter last year. As a group, equities analysts forecast that Johnson Controls International plc will post 3.61 EPS for the current year.

Johnson Controls International Announces Dividend

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

Johnson Controls International Company 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.