Johnson Controls International PLC (JCI) Shares Sold by Pennsylvania Trust Co

Pennsylvania Trust Co trimmed its holdings in Johnson Controls International PLC (NYSE:JCI) by 69.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,271 shares of the company’s stock after selling 28,205 shares during the quarter. Pennsylvania Trust Co’s holdings in Johnson Controls International were worth $710,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of JCI. Citizens Financial Group Inc RI lifted its stake in Johnson Controls International by 18.8% during the fourth quarter. Citizens Financial Group Inc RI now owns 2,349 shares of the company’s stock valued at $70,000 after buying an additional 372 shares in the last quarter. Cerebellum GP LLC purchased a new stake in Johnson Controls International during the fourth quarter valued at about $255,000. Kentucky Retirement Systems purchased a new stake in Johnson Controls International during the fourth quarter valued at about $1,192,000. State of Alaska Department of Revenue lifted its stake in Johnson Controls International by 2.8% during the fourth quarter. State of Alaska Department of Revenue now owns 153,773 shares of the company’s stock valued at $4,558,000 after buying an additional 4,123 shares in the last quarter. Finally, Man Group plc purchased a new stake in Johnson Controls International during the third quarter valued at about $4,064,000. 90.56% of the stock is owned by institutional investors.

JCI has been the subject of a number of analyst reports. OTR Global lowered shares of Johnson Controls International to a “positive” rating in a research note on Friday, January 18th. Wells Fargo & Co raised shares of Johnson Controls International from a “market perform” rating to an “outperform” rating and set a $42.00 price objective for the company in a research note on Monday, March 18th. ValuEngine raised shares of Johnson Controls International from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. Cowen reaffirmed a “hold” rating and set a $32.00 price objective (down from $38.00) on shares of Johnson Controls International in a research note on Friday, February 15th. Finally, Zacks Investment Research lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $38.73.

Shares of JCI opened at $36.75 on Friday. The stock has a market capitalization of $33.54 billion, a PE ratio of 12.99, a price-to-earnings-growth ratio of 1.85 and a beta of 1.07. Johnson Controls International PLC has a fifty-two week low of $28.30 and a fifty-two week high of $40.33. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.85 and a current ratio of 1.03.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Friday, February 1st. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. The company had revenue of $5.46 billion for the quarter, compared to the consensus estimate of $5.47 billion. Johnson Controls International had a return on equity of 10.73% and a net margin of 7.77%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 EPS. On average, sell-side analysts expect that Johnson Controls International PLC will post 1.81 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Monday, March 18th were issued a $0.26 dividend. The ex-dividend date of this dividend was Friday, March 15th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.83%. Johnson Controls International’s dividend payout ratio is 36.75%.

Johnson Controls International declared that its Board of Directors has authorized a share repurchase plan on Thursday, March 7th that allows the company to repurchase $8.50 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 26% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

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About Johnson Controls International

Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Building Technologies & Solutions and Power Solutions segments. The company designs, sells, installs, and services heating, ventilating, and air conditioning systems, controls systems, integrated electronic security systems, and integrated fire detection and suppression systems for commercial, industrial, retail, small business, institutional, and governmental customers; and energy efficiency solutions and technical services, including inspection, scheduled maintenance, and repair and replacement of mechanical and control systems, to non-residential building and industrial applications.

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

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