Bryn Mawr Capital Management LLC Cuts Position in Johnson Controls International plc (NYSE:JCI)

Bryn Mawr Capital Management LLC trimmed its holdings in Johnson Controls International plc (NYSE:JCI - Free Report) by 24.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,900 shares of the company's stock after selling 53,276 shares during the quarter. Bryn Mawr Capital Management LLC's holdings in Johnson Controls International were worth $12,890,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of JCI. Larson Financial Group LLC increased its stake in shares of Johnson Controls International by 73.1% during the first quarter. Larson Financial Group LLC now owns 1,598 shares of the company's stock valued at $128,000 after purchasing an additional 675 shares in the last quarter. Wealthfront Advisers LLC grew its stake in shares of Johnson Controls International by 124.4% in the 1st quarter. Wealthfront Advisers LLC now owns 46,511 shares of the company's stock worth $3,726,000 after buying an additional 25,788 shares during the last quarter. Dakota Wealth Management increased its position in Johnson Controls International by 450.1% during the 1st quarter. Dakota Wealth Management now owns 15,662 shares of the company's stock valued at $1,255,000 after buying an additional 12,815 shares in the last quarter. Apollon Wealth Management LLC raised its stake in Johnson Controls International by 26.8% during the first quarter. Apollon Wealth Management LLC now owns 24,473 shares of the company's stock valued at $1,961,000 after buying an additional 5,180 shares during the last quarter. Finally, Signaturefd LLC raised its stake in Johnson Controls International by 5.3% during the first quarter. Signaturefd LLC now owns 12,567 shares of the company's stock valued at $1,007,000 after buying an additional 632 shares during the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

JCI has been the topic of several recent analyst reports. Vertical Research raised shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 price objective on the stock in a research report on Thursday, May 8th. Citigroup reiterated a "neutral" rating and set a $110.00 price target (up previously from $94.00) on shares of Johnson Controls International in a report on Monday. Oppenheimer downgraded shares of Johnson Controls International from an "outperform" rating to a "market perform" rating in a research report on Friday, June 20th. UBS Group reaffirmed a "buy" rating and issued a $116.00 price objective (up from $103.00) on shares of Johnson Controls International in a research report on Thursday, May 22nd. Finally, Wells Fargo & Company lifted their target price on Johnson Controls International from $100.00 to $130.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $102.00.

Johnson Controls International Stock Performance

Shares of JCI traded up $1.24 on Wednesday, reaching $107.26. The company's stock had a trading volume of 3,841,607 shares, compared to its average volume of 4,348,263. The stock's 50 day simple moving average is $101.96 and its two-hundred day simple moving average is $88.47. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.81. The stock has a market capitalization of $70.58 billion, a P/E ratio of 28.60, a PEG ratio of 1.92 and a beta of 1.31. Johnson Controls International plc has a 12-month low of $64.31 and a 12-month high of $107.36.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.05. Johnson Controls International had a return on equity of 15.13% and a net margin of 10.19%. The business had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.64 billion. During the same quarter in the previous year, the company posted $0.78 earnings per share. Johnson Controls International's revenue for the quarter was up 1.4% on a year-over-year basis. Research analysts forecast that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 23rd will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Monday, June 23rd. Johnson Controls International's dividend payout ratio is currently 39.47%.

Johnson Controls International announced that its Board of Directors has initiated a share repurchase plan on Friday, June 13th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes the company to repurchase up to 13.4% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board of directors believes its stock is undervalued.

Insider Activity

In other news, CFO Marc Vandiepenbeeck sold 28,289 shares of the stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $90.92, for a total value of $2,572,035.88. Following the completion of the sale, the chief financial officer directly owned 147,673 shares of the company's stock, valued at $13,426,429.16. This represents a 16.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director George Oliver sold 100,000 shares of Johnson Controls International stock in a transaction on Friday, May 9th. The shares were sold at an average price of $91.70, for a total transaction of $9,170,000.00. Following the transaction, the director owned 904,305 shares in the company, valued at approximately $82,924,768.50. This trade represents a 9.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold 147,555 shares of company stock worth $13,705,106 over the last ninety days. Company insiders own 0.54% of the company's stock.

Johnson Controls International 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.