Johnson Controls International PLC (JCI) Holdings Lowered by CenturyLink Investment Management Co

CenturyLink Investment Management Co lowered its position in shares of Johnson Controls International PLC (NYSE:JCI) by 1.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,599 shares of the company’s stock after selling 713 shares during the quarter. CenturyLink Investment Management Co’s holdings in Johnson Controls International were worth $1,611,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in JCI. Vanguard Group Inc. lifted its holdings in shares of Johnson Controls International by 1.3% during the third quarter. Vanguard Group Inc. now owns 67,459,746 shares of the company’s stock valued at $2,361,091,000 after purchasing an additional 857,281 shares during the last quarter. Vanguard Group Inc lifted its stake in Johnson Controls International by 1.3% in the 3rd quarter. Vanguard Group Inc now owns 67,459,746 shares of the company’s stock worth $2,361,091,000 after acquiring an additional 857,281 shares in the last quarter. BlackRock Inc. lifted its stake in Johnson Controls International by 4.3% in the 4th quarter. BlackRock Inc. now owns 62,579,756 shares of the company’s stock worth $1,855,489,000 after acquiring an additional 2,602,524 shares in the last quarter. Clearbridge Investments LLC raised its stake in shares of Johnson Controls International by 3.1% during the 3rd quarter. Clearbridge Investments LLC now owns 22,767,071 shares of the company’s stock worth $796,847,000 after purchasing an additional 693,295 shares in the last quarter. Finally, Capital International Investors purchased a new stake in shares of Johnson Controls International during the 3rd quarter worth about $577,514,000. 90.54% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:JCI opened at $37.19 on Friday. Johnson Controls International PLC has a 1-year low of $28.30 and a 1-year high of $40.33. The company has a market cap of $33.94 billion, a PE ratio of 13.14, a PEG ratio of 1.86 and a beta of 1.07. The company has a current ratio of 1.03, a quick ratio of 0.85 and a debt-to-equity ratio of 0.45.

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

Johnson Controls International announced that its Board of Directors has authorized a share buyback program on Thursday, March 7th that allows the company to buyback $8.50 billion in shares. This buyback authorization allows the company to purchase up to 26% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Monday, March 18th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, March 15th. This represents a $1.04 dividend on an annualized basis and a yield of 2.80%. Johnson Controls International’s payout ratio is currently 36.75%.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Wells Fargo & Co raised Johnson Controls International from a “market perform” rating to an “outperform” rating and set a $42.00 price target for the company in a research note on Monday, March 18th. Cowen reissued a “hold” rating and set a $32.00 price objective (down previously from $38.00) on shares of Johnson Controls International in a report on Friday, February 15th. ValuEngine raised Johnson Controls International from a “sell” rating to a “hold” rating in a report on Friday, February 8th. Finally, OTR Global lowered Johnson Controls International to a “positive” rating in a report on Friday, January 18th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. Johnson Controls International currently has a consensus rating of “Hold” and a consensus target price of $38.73.

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Johnson Controls International Profile

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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