Global Retirement Partners LLC Reduces Position in Johnson Controls International PLC (JCI)

Global Retirement Partners LLC cut its position in shares of Johnson Controls International PLC (NYSE:JCI) by 66.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,754 shares of the company’s stock after selling 3,452 shares during the quarter. Global Retirement Partners LLC’s holdings in Johnson Controls International were worth $52,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its holdings in Johnson Controls International by 11.1% in the third quarter. Bank of New York Mellon Corp now owns 7,074,686 shares of the company’s stock worth $247,614,000 after acquiring an additional 704,520 shares in the last quarter. Blair William & Co. IL raised its stake in shares of Johnson Controls International by 8.5% in the third quarter. Blair William & Co. IL now owns 46,015 shares of the company’s stock worth $1,611,000 after purchasing an additional 3,599 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in shares of Johnson Controls International by 115.4% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 7,000 shares of the company’s stock worth $245,000 after purchasing an additional 3,750 shares during the last quarter. Standard Life Aberdeen plc raised its stake in shares of Johnson Controls International by 9.4% in the third quarter. Standard Life Aberdeen plc now owns 340,204 shares of the company’s stock worth $11,908,000 after purchasing an additional 29,358 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Johnson Controls International by 110.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 125,627 shares of the company’s stock worth $4,397,000 after purchasing an additional 66,002 shares during the last quarter. Institutional investors own 90.55% of the company’s stock.

Several research analysts have recently weighed in on the company. Zacks Investment Research upgraded Johnson Controls International from a “strong sell” rating to a “buy” rating and set a $41.00 price target for the company in a research note on Tuesday, March 19th. Wells Fargo & Co upgraded Johnson Controls International from a “market perform” rating to an “outperform” rating and set a $42.00 price target for the company in a research note on Monday, March 18th. Cowen restated a “hold” rating and issued a $32.00 price target (down previously from $38.00) on shares of Johnson Controls International in a research note on Friday, February 15th. ValuEngine upgraded Johnson Controls International from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. Finally, OTR Global cut Johnson Controls International to a “positive” rating in a research note on Friday, January 18th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $38.67.

Johnson Controls International stock opened at $36.92 on Tuesday. The firm has a market cap of $33.72 billion, a P/E ratio of 13.05, a PEG ratio of 1.85 and a beta of 1.07. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 0.85. Johnson Controls International PLC has a one year low of $28.30 and a one year high of $40.33.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Friday, February 1st. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. The company had revenue of $5.46 billion during the quarter, compared to analysts’ expectations of $5.47 billion. Johnson Controls International had a return on equity of 10.73% and a net margin of 7.77%. Johnson Controls International’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.54 earnings per share. As a group, research analysts anticipate that Johnson Controls International PLC will post 1.82 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Monday, March 18th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend is Friday, March 15th. Johnson Controls International’s dividend payout ratio (DPR) is presently 36.75%.

Johnson Controls International announced that its board has approved a share repurchase plan on Thursday, March 7th that permits the company to buyback $8.50 billion in shares. This buyback authorization permits the company to reacquire up to 26% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board believes its shares are undervalued.

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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. The company designs, sells, installs, and services heating, ventilating, and air conditioning systems, controls systems, integrated electronic security systems, and integrated fire detection and suppression systems for commercial, industrial, retail, small business, institutional, and governmental customers; and energy efficiency solutions and technical services, including inspection, scheduled maintenance, and repair and replacement of mechanical and control systems, to non-residential building and industrial applications.

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

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