Johnson Controls International plc Ordinary Share (JCI) Shares Sold by Lathrop Investment Management Corp

Lathrop Investment Management Corp decreased its position in shares of Johnson Controls International plc Ordinary Share (NYSE:JCI) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 280,540 shares of the auto parts company’s stock after selling 6,990 shares during the period. Johnson Controls International plc Ordinary Share accounts for approximately 2.9% of Lathrop Investment Management Corp’s portfolio, making the stock its 20th biggest holding. Lathrop Investment Management Corp’s holdings in Johnson Controls International plc Ordinary Share were worth $10,691,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Honeywell International Inc. increased its position in Johnson Controls International plc Ordinary Share by 216.7% during the third quarter. Honeywell International Inc. now owns 950,200 shares of the auto parts company’s stock worth $38,284,000 after buying an additional 650,200 shares during the period. Trustco Bank Corp N Y acquired a new position in Johnson Controls International plc Ordinary Share during the third quarter worth approximately $452,000. Moors & Cabot Inc. increased its holdings in shares of Johnson Controls International plc Ordinary Share by 83.7% in the third quarter. Moors & Cabot Inc. now owns 44,482 shares of the auto parts company’s stock valued at $1,787,000 after purchasing an additional 20,262 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in shares of Johnson Controls International plc Ordinary Share by 19.1% in the third quarter. Oppenheimer Asset Management Inc. now owns 637,917 shares of the auto parts company’s stock valued at $25,701,000 after purchasing an additional 102,274 shares during the period. Finally, Poplar Forest Capital LLC increased its holdings in shares of Johnson Controls International plc Ordinary Share by 41.7% in the third quarter. Poplar Forest Capital LLC now owns 1,066,286 shares of the auto parts company’s stock valued at $42,961,000 after purchasing an additional 313,527 shares during the period. 89.76% of the stock is currently owned by institutional investors.

Shares of Johnson Controls International plc Ordinary Share (NYSE JCI) opened at $39.56 on Friday. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.56. Johnson Controls International plc Ordinary Share has a 12 month low of $34.51 and a 12 month high of $44.70. The firm has a market capitalization of $36,150.00, a P/E ratio of 23.13, a P/E/G ratio of 1.03 and a beta of 0.90.

Johnson Controls International plc Ordinary Share (NYSE:JCI) last posted its quarterly earnings results on Thursday, November 9th. The auto parts company reported $0.87 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.87. Johnson Controls International plc Ordinary Share had a return on equity of 11.91% and a net margin of 6.32%. The firm had revenue of $8.14 billion for the quarter, compared to the consensus estimate of $8.10 billion. During the same period in the previous year, the business earned $1.21 earnings per share. The company’s revenue for the quarter was up 30.1% compared to the same quarter last year. research analysts anticipate that Johnson Controls International plc Ordinary Share will post 2.8 EPS for the current year.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Monday, December 18th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Friday, December 15th. This is an increase from Johnson Controls International plc Ordinary Share’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.63%. Johnson Controls International plc Ordinary Share’s payout ratio is 60.82%.

In related news, VP Jeffrey M. Williams sold 27,734 shares of Johnson Controls International plc Ordinary Share stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $40.00, for a total value of $1,109,360.00. Following the sale, the vice president now directly owns 201,961 shares in the company, valued at $8,078,440. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP William C. Jackson purchased 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was acquired at an average price of $36.00 per share, for a total transaction of $720,000.00. Following the completion of the purchase, the vice president now owns 286,842 shares of the company’s stock, valued at $10,326,312. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 59,300 shares of company stock worth $2,161,560. Company insiders own 1.50% of the company’s stock.

A number of research analysts have recently issued reports on JCI shares. Cowen reissued a “buy” rating and issued a $48.00 target price on shares of Johnson Controls International plc Ordinary Share in a report on Wednesday, September 27th. Morgan Stanley set a $48.00 target price on Johnson Controls International plc Ordinary Share and gave the company an “overweight” rating in a report on Monday, October 2nd. Citigroup reissued a “buy” rating and issued a $50.00 target price (up previously from $47.00) on shares of Johnson Controls International plc Ordinary Share in a report on Monday, October 9th. JMP Securities set a $50.00 target price on Johnson Controls International plc Ordinary Share and gave the company a “buy” rating in a report on Monday, October 23rd. Finally, Oppenheimer reissued a “buy” rating and issued a $50.00 target price (down previously from $52.00) on shares of Johnson Controls International plc Ordinary Share in a report on Tuesday, October 31st. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company. Johnson Controls International plc Ordinary Share presently has an average rating of “Hold” and an average price target of $47.31.

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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.

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

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