Johnson Controls International plc Ordinary Share (JCI) Stake Lowered by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. cut its holdings in Johnson Controls International plc Ordinary Share (NYSE:JCI) by 8.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,178 shares of the auto parts company’s stock after selling 3,806 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Johnson Controls International plc Ordinary Share were worth $1,578,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of JCI. Bessemer Group Inc. boosted its stake in Johnson Controls International plc Ordinary Share 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 during the last quarter. Perigon Wealth Management LLC boosted its stake in Johnson Controls International plc Ordinary Share by 171.7% during the 2nd quarter. Perigon Wealth Management LLC now owns 2,663 shares of the auto parts company’s stock valued at $116,000 after purchasing an additional 1,683 shares during the last quarter. Harfst & Associates Inc. boosted its stake in Johnson Controls International plc Ordinary Share 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 during the last quarter. Grove Bank & Trust boosted its stake in Johnson Controls International plc Ordinary Share 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 during the last quarter. Finally, Bbva Compass Bancshares Inc. boosted its stake in Johnson Controls International plc Ordinary Share by 4.2% during the 2nd quarter. Bbva Compass Bancshares Inc. now owns 3,714 shares of the auto parts company’s stock valued at $161,000 after purchasing an additional 150 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.

In other news, CEO George Oliver purchased 27,300 shares of the firm’s stock in a transaction dated Friday, November 24th. The shares were purchased at an average price of $36.80 per share, with a total value of $1,004,640.00. Following the completion of the acquisition, the chief executive officer now owns 634,732 shares in the company, valued at approximately $23,358,137.60. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Jeffrey M. Williams sold 1,955 shares of the company’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 disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

A number of equities analysts have issued reports on the company. Oppenheimer reiterated a “buy” rating and set a $50.00 price target (down previously from $52.00) on shares of Johnson Controls International plc Ordinary Share in a research note on Tuesday, October 31st. JMP Securities set a $50.00 price target on Johnson Controls International plc Ordinary Share and gave the company a “buy” rating in a research note on Monday, October 23rd. Citigroup reiterated a “buy” rating and set a $50.00 price target (up previously from $47.00) on shares of Johnson Controls International plc Ordinary Share in a research note on Monday, October 9th. Cowen restated a “buy” rating and issued a $48.00 target price on shares of Johnson Controls International plc Ordinary Share in a research note on Thursday, November 9th. Finally, Morgan Stanley set a $48.00 target price on Johnson Controls International plc Ordinary Share and gave the stock an “overweight” rating in a research note on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $47.79.

Shares of Johnson Controls International plc Ordinary Share (JCI) traded up $0.11 during mid-day trading on Wednesday, reaching $37.24. 5,860,811 shares of the company’s stock were exchanged, compared to its average volume of 5,183,411. 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 has a 1-year low of $34.51 and a 1-year high of $44.70. The company has a market cap of $34,360.00, a PE ratio of 14.34, a price-to-earnings-growth ratio of 1.01 and a beta of 0.90.

Johnson Controls International plc Ordinary Share (NYSE:JCI) last issued its earnings results 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. Johnson Controls International plc Ordinary Share had a net margin of 6.32% and a return on equity of 11.91%. The business had revenue of $8.14 billion for the quarter, compared to analysts’ expectations of $8.10 billion. During the same quarter in the previous year, the firm posted $1.21 EPS. The business’s revenue for the quarter was up 30.1% compared to the same quarter last year. analysts forecast that Johnson Controls International plc Ordinary Share will post 2.8 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Monday, December 18th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.79%. This is a boost from Johnson Controls International plc Ordinary Share’s previous quarterly dividend of $0.25. Johnson Controls International plc Ordinary Share’s dividend payout ratio is presently 58.48%.

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About Johnson Controls International plc Ordinary Share

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 Ordinary Share (NYSE:JCI)

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