Johnson Controls International plc $JCI Stock Position Cut by Bryn Mawr Trust Advisors LLC

Key Points

• Bryn Mawr Trust Advisors cut its Johnson Controls stake by 12% in the third quarter, selling 16,740 shares; it held 123,286 shares valued at about $18.3 million at quarter-end.
• Johnson Controls beat quarterly earnings and revenue estimates, reporting EPS of $1.66 and revenue of $7.11 billion. Revenue rose 10.4% year over year.
• Analysts have a “Moderate Buy” consensus rating and an average price target of $166.86; the company’s quarterly dividend is $0.40 per share.

Bryn Mawr Trust Advisors LLC reduced its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 12.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 123,286 shares of the company's stock after selling 16,740 shares during the period. Bryn Mawr Trust Advisors LLC's holdings in Johnson Controls International were worth $18,326,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Amundi lifted its position in shares of Johnson Controls International by 157.2% in the first quarter. Amundi now owns 5,965,212 shares of the company's stock valued at $781,145,000 after acquiring an additional 3,646,047 shares in the last quarter. Hsbc Holdings PLC boosted its stake in shares of Johnson Controls International by 702.5% in the first quarter. Hsbc Holdings PLC now owns 1,962,770 shares of the company's stock worth $256,820,000 after acquiring an additional 1,718,179 shares during the last quarter. Cullen Capital Management LLC purchased a new stake in shares of Johnson Controls International during the second quarter worth approximately $244,214,000. First Trust Advisors LP increased its position in shares of Johnson Controls International by 28.3% during the first quarter. First Trust Advisors LP now owns 5,761,677 shares of the company's stock worth $754,492,000 after purchasing an additional 1,270,849 shares in the last quarter. Finally, State Street Corp increased its position in shares of Johnson Controls International by 2.2% during the second quarter. State Street Corp now owns 28,283,873 shares of the company's stock worth $4,143,674,000 after purchasing an additional 621,319 shares in the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Controls International Stock Performance

Shares of Johnson Controls International stock opened at $134.78 on Monday. The business's 50 day moving average price is $147.11 and its 200 day moving average price is $141.47. The company has a market cap of $81.64 billion, a price-to-earnings ratio of 28.80, a PEG ratio of 1.25 and a beta of 1.27. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.75 and a current ratio of 0.90. Johnson Controls International plc has a one year low of $108.41 and a one year high of $160.41.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its earnings results on Tuesday, October 27th. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.07. Johnson Controls International had a return on equity of 23.38% and a net margin of 11.12%. The company had revenue of $7.11 billion during the quarter, compared to analysts' expectations of $7.04 billion. During the same period in the prior year, the business earned $1.26 EPS. The firm's quarterly revenue was up 10.4% on a year-over-year basis. On average, research analysts predict that Johnson Controls International plc will post 6.29 EPS for the current year.

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Monday, September 21st were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, September 21st. This represents a $1.60 annualized dividend and a dividend yield of 1.2%. Johnson Controls International's payout ratio is presently 34.19%.

Insider Buying and Selling at Johnson Controls International

In related news, Director Juergen Tinggren sold 4,000 shares of the company's stock in a transaction dated Wednesday, October 28th. The shares were sold at an average price of $159.19, for a total value of $636,760.00. Following the completion of the sale, the director owned 27,236 shares of the company's stock, valued at approximately $4,335,698.84. This represents a 12.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.29% of the company's stock.

Wall Street Analysts Forecast Growth

JCI has been the subject of several recent research reports. Citigroup increased their price objective on Johnson Controls International from $170.00 to $172.00 and gave the company a "neutral" rating in a research note on Wednesday, October 28th. BNP Paribas Exane lifted their target price on shares of Johnson Controls International from $130.00 to $145.00 and gave the stock an "underperform" rating in a research note on Wednesday, October 28th. Evercore set a $170.00 target price on shares of Johnson Controls International in a research note on Wednesday, October 28th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Johnson Controls International from $180.00 to $178.00 and set a "buy" rating for the company in a report on Wednesday, September 30th. Finally, Zacks Research cut shares of Johnson Controls International from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $166.86.

About Johnson Controls International

Johnson Controls International plc develops building technologies, products and services for commercial, industrial and institutional customers. Its offerings include heating, ventilation and air conditioning (HVAC) equipment, building automation and controls, fire detection and suppression systems, and security solutions. The company also provides maintenance, modernization and other services to help customers manage building operations.

Its products and services support facilities such as offices, hospitals, schools, data centers and manufacturing sites.

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