Johnson Controls International plc Ordinary Share (JCI) Position Reduced by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its position in Johnson Controls International plc Ordinary Share (NYSE:JCI) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,352,104 shares of the auto parts company’s stock after selling 289,649 shares during the quarter. Bank of New York Mellon Corp’s holdings in Johnson Controls International plc Ordinary Share were worth $318,301,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Perigon Wealth Management LLC raised its holdings in Johnson Controls International plc Ordinary Share by 171.7% in the 2nd quarter. Perigon Wealth Management LLC now owns 2,663 shares of the auto parts company’s stock worth $116,000 after acquiring an additional 1,683 shares during the period. Balentine LLC raised its holdings in Johnson Controls International plc Ordinary Share by 82.0% in the 3rd quarter. Balentine LLC now owns 3,307 shares of the auto parts company’s stock worth $133,000 after acquiring an additional 1,490 shares during the period. Calton & Associates Inc. bought a new position in Johnson Controls International plc Ordinary Share in the 4th quarter worth $155,000. Cable Hill Partners LLC raised its holdings in Johnson Controls International plc Ordinary Share by 226.4% in the 3rd quarter. Cable Hill Partners LLC now owns 4,380 shares of the auto parts company’s stock worth $176,000 after acquiring an additional 3,038 shares during the period. Finally, Field & Main Bank bought a new position in Johnson Controls International plc Ordinary Share in the 4th quarter worth $172,000. Hedge funds and other institutional investors own 89.19% of the company’s stock.

Shares of Johnson Controls International plc Ordinary Share (NYSE JCI) opened at $38.42 on Monday. The company has a current ratio of 1.11, a quick ratio of 0.80 and a debt-to-equity ratio of 0.51. Johnson Controls International plc Ordinary Share has a 12-month low of $34.51 and a 12-month high of $44.37. The firm has a market cap of $35,580.00, a PE ratio of 24.47, a PEG ratio of 1.27 and a beta of 0.81.

Johnson Controls International plc Ordinary Share (NYSE:JCI) last issued its earnings results on Wednesday, January 31st. The auto parts company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.03. Johnson Controls International plc Ordinary Share had a net margin of 5.92% and a return on equity of 11.73%. The business had revenue of $7.44 billion for the quarter, compared to analyst estimates of $7.19 billion. During the same period in the previous year, the business earned $0.53 EPS. The firm’s revenue was up 4.8% on a year-over-year basis. analysts anticipate that Johnson Controls International plc Ordinary Share will post 2.79 earnings per share for the current year.

Johnson Controls International plc Ordinary Share announced that its Board of Directors has authorized a stock repurchase plan on Thursday, December 7th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the auto parts company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

In other Johnson Controls International plc Ordinary Share news, CEO George Oliver bought 27,300 shares of the firm’s stock in a transaction dated Friday, November 24th. The shares were acquired at an average cost of $36.80 per share, for a total transaction of $1,004,640.00. Following the transaction, the chief executive officer now owns 634,732 shares in the company, valued at $23,358,137.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP William C. Jackson bought 20,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were acquired at an average price of $36.00 per share, for a total transaction of $720,000.00. Following the completion of the transaction, the vice president now owns 286,842 shares in the company, valued at approximately $10,326,312. The disclosure for this purchase can be found here. 0.43% of the stock is currently owned by insiders.

JCI has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Johnson Controls International plc Ordinary Share from a “sell” rating to a “hold” rating in a report on Monday, January 15th. UBS Group lowered shares of Johnson Controls International plc Ordinary Share from a “positive” rating to a “neutral” rating in a research report on Wednesday, November 15th. Susquehanna Bancshares lowered shares of Johnson Controls International plc Ordinary Share from a “positive” rating to a “neutral” rating and raised their price target for the stock from $48.00 to $49.00 in a research report on Wednesday, November 15th. TheStreet lowered shares of Johnson Controls International plc Ordinary Share from a “b” rating to a “c+” rating in a research report on Monday, December 18th. Finally, Vertical Group restated a “hold” rating on shares of Johnson Controls International plc Ordinary Share in a research report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company’s stock. Johnson Controls International plc Ordinary Share currently has an average rating of “Hold” and an average price target of $46.08.

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Johnson Controls International plc Ordinary Share Company Profile

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.

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

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