Johnson Controls International PLC (JCI) Shares Sold by Global Thematic Partners LLC

Global Thematic Partners LLC cut its holdings in Johnson Controls International PLC (NYSE:JCI) by 0.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,140,748 shares of the company’s stock after selling 8,752 shares during the quarter. Johnson Controls International comprises 2.0% of Global Thematic Partners LLC’s holdings, making the stock its 21st largest position. Global Thematic Partners LLC owned 0.12% of Johnson Controls International worth $42,139,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in JCI. Scotia Capital Inc. raised its stake in shares of Johnson Controls International by 4.5% in the fourth quarter. Scotia Capital Inc. now owns 6,771 shares of the company’s stock worth $201,000 after purchasing an additional 294 shares during the last quarter. Moody National Bank Trust Division raised its stake in shares of Johnson Controls International by 34.7% in the first quarter. Moody National Bank Trust Division now owns 1,142 shares of the company’s stock worth $42,000 after purchasing an additional 294 shares during the last quarter. HCR Wealth Advisors raised its stake in shares of Johnson Controls International by 1.7% in the fourth quarter. HCR Wealth Advisors now owns 17,984 shares of the company’s stock worth $533,000 after purchasing an additional 300 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in shares of Johnson Controls International by 4.4% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 7,251 shares of the company’s stock worth $215,000 after purchasing an additional 306 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its stake in shares of Johnson Controls International by 26.3% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,600 shares of the company’s stock worth $47,000 after purchasing an additional 333 shares during the last quarter. Institutional investors own 90.55% of the company’s stock.

Shares of JCI stock opened at $39.58 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 0.85. The company has a market cap of $36.13 billion, a P/E ratio of 13.99, a P/E/G ratio of 1.89 and a beta of 1.06. Johnson Controls International PLC has a twelve month low of $28.30 and a twelve month high of $40.33.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.30 by $0.02. Johnson Controls International had a return on equity of 10.73% and a net margin of 7.77%. The company had revenue of $5.78 billion for the quarter, compared to analyst estimates of $5.79 billion. During the same period last year, the company earned $0.54 earnings per share. Johnson Controls International’s quarterly revenue was up 2.6% compared to the same quarter last year. As a group, equities analysts predict that Johnson Controls International PLC will post 1.81 earnings per share for the current year.

Johnson Controls International announced that its Board of Directors has approved a stock 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 repurchase up to 26% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Monday, March 18th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.63%. The ex-dividend date was Friday, March 15th. Johnson Controls International’s payout ratio is currently 36.75%.

In other Johnson Controls International news, VP Jeffrey M. Williams sold 4,166 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $39.50, for a total value of $164,557.00. Following the sale, the vice president now directly owns 194,406 shares of the company’s stock, valued at $7,679,037. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Rodney M. Rushing sold 29,728 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $39.03, for a total value of $1,160,283.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 45,319 shares of company stock worth $1,776,471. 0.50% of the stock is owned by corporate insiders.

Several research analysts have recently issued reports on the company. Zacks Investment Research upgraded Johnson Controls International from a “strong sell” rating to a “buy” rating and set a $41.00 price objective for the company in a research note on Tuesday, March 19th. Cowen restated a “hold” rating and issued a $32.00 price objective (down from $38.00) on shares of Johnson Controls International in a research note on Friday, February 15th. ValuEngine upgraded Johnson Controls International from a “sell” rating to a “hold” rating in a research report on Friday, February 8th. Wells Fargo & Co upgraded 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 report on Monday, March 18th. Finally, OTR Global cut Johnson Controls International to a “positive” rating in a research report on Friday, January 18th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target 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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