Johnson Controls International plc $JCI Shares Sold by Bryn Mawr Trust Advisors LLC

Bryn Mawr Trust Advisors LLC cut its holdings in Johnson Controls International plc (NYSE:JCI) by 12.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund 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 reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Rokos Capital Management LLP purchased a new stake in Johnson Controls International in the 1st quarter valued at about $45,833,000. ABN Amro Investment Solutions acquired a new position in Johnson Controls International in the first quarter valued at about $8,863,000. QRG Capital Management Inc. boosted its stake in Johnson Controls International by 4.7% during the second quarter. QRG Capital Management Inc. now owns 222,168 shares of the company’s stock worth $32,461,000 after buying an additional 9,988 shares during the period. Epoch Investment Partners Inc. boosted its stake in Johnson Controls International by 62.7% during the first quarter. Epoch Investment Partners Inc. now owns 204,295 shares of the company’s stock worth $26,752,000 after buying an additional 78,766 shares during the period. Finally, Swiss Life Asset Management Ltd purchased a new position in Johnson Controls International during the second quarter worth about $23,198,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Royal Bank Of Canada lifted their price target on shares of Johnson Controls International from $161.00 to $165.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 14th. BNP Paribas Exane upped their price objective on shares of Johnson Controls International from $130.00 to $145.00 and gave the stock an “underperform” rating in a report on Wednesday, October 28th. Mizuho increased their price objective on shares of Johnson Controls International from $150.00 to $165.00 and gave the stock a “neutral” rating in a research report on Thursday, October 15th. Wells Fargo & Company lifted their target price on shares of Johnson Controls International from $186.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, October 28th. Finally, Wall Street Zen downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Johnson Controls International currently has an average rating of “Moderate Buy” and a consensus price target of $166.86.

Insider Activity at Johnson Controls International

In related news, Director Juergen Tinggren sold 4,000 shares of Johnson Controls International stock in a transaction that occurred on 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 transaction, the director owned 27,236 shares in the company, valued at approximately $4,335,698.84. The trade was a 12.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.29% of the company’s stock.

Johnson Controls International Price Performance

JCI opened at $134.78 on Monday. The stock’s 50-day moving average price is $147.11 and its 200 day moving average price is $141.47. Johnson Controls International plc has a 12-month low of $108.41 and a 12-month high of $160.41. The firm 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 current ratio of 0.90, a quick ratio of 0.75 and a debt-to-equity ratio of 0.55.

Johnson Controls International (NYSE:JCI) last released its earnings results on Tuesday, October 27th. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.07. The company had revenue of $7.11 billion during the quarter, compared to the consensus estimate of $7.04 billion. Johnson Controls International had a return on equity of 23.38% and a net margin of 11.12%. Johnson Controls International’s revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.26 EPS. As a group, sell-side analysts expect that Johnson Controls International plc will post 6.29 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Monday, September 21st were paid a $0.40 dividend. 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 dividend payout ratio (DPR) is presently 34.19%.

Johnson Controls International Company Profile

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.