Earnest Partners LLC Decreases Position in Johnson Controls International plc Ordinary Share (NYSE:JCI)

Earnest Partners LLC lessened its stake in Johnson Controls International plc Ordinary Share (NYSE:JCI) by 8.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,498 shares of the auto parts company’s stock after selling 7,687 shares during the period. Earnest Partners LLC’s holdings in Johnson Controls International plc Ordinary Share were worth $3,144,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Trustco Bank Corp N Y purchased a new stake in shares of Johnson Controls International plc Ordinary Share in the 3rd quarter valued at $452,000. Gofen & Glossberg LLC IL boosted its stake in shares of Johnson Controls International plc Ordinary Share by 1.6% in the 4th quarter. Gofen & Glossberg LLC IL now owns 230,955 shares of the auto parts company’s stock valued at $8,802,000 after purchasing an additional 3,558 shares in the last quarter. Moors & Cabot Inc. boosted its stake in shares of Johnson Controls International plc Ordinary Share by 83.7% in the 3rd 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 in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of Johnson Controls International plc Ordinary Share by 19.1% in the 3rd 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 in the last quarter. Finally, Highbridge Capital Management LLC purchased a new stake in shares of Johnson Controls International plc Ordinary Share in the 3rd quarter valued at $299,000. 91.14% of the stock is owned by institutional investors and hedge funds.

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NYSE:JCI opened at $33.64 on Friday. Johnson Controls International plc Ordinary Share has a 52 week low of $33.43 and a 52 week high of $44.37. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.11 and a quick ratio of 0.80. The firm has a market cap of $32,414.30, a P/E ratio of 12.94, a PEG ratio of 1.16 and a beta of 0.86.

Johnson Controls International plc Ordinary Share (NYSE:JCI) last issued its quarterly earnings data on Wednesday, January 31st. The auto parts company reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.03. Johnson Controls International plc Ordinary Share had a net margin of 5.92% and a return on equity of 11.73%. The business had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.19 billion. During the same period in the prior year, the business earned $0.53 EPS. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. equities research analysts expect that Johnson Controls International plc Ordinary Share will post 2.79 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Monday, March 19th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Friday, March 16th. This represents a $1.04 annualized dividend and a yield of 3.09%. Johnson Controls International plc Ordinary Share’s dividend payout ratio (DPR) is presently 40.00%.

In other Johnson Controls International plc Ordinary Share news, insider Rodney M. Rushing sold 14,199 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $37.88, for a total value of $537,858.12. Following the completion of the transaction, the insider now directly owns 39,847 shares in the company, valued at approximately $1,509,404.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.43% of the stock is currently owned by corporate insiders.

A number of brokerages have recently issued reports on JCI. Oppenheimer reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Johnson Controls International plc Ordinary Share in a research note on Thursday, February 1st. Robert W. Baird cut shares of Johnson Controls International plc Ordinary Share from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $48.00 to $42.00 in a research note on Friday, January 5th. ValuEngine cut shares of Johnson Controls International plc Ordinary Share from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research raised shares of Johnson Controls International plc Ordinary Share from a “sell” rating to a “hold” rating in a research note on Monday, January 15th. Finally, Cowen cut shares of Johnson Controls International plc Ordinary Share from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $44.00 to $42.00 in a research note on Thursday, January 18th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $45.25.

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Johnson Controls International plc Ordinary Share 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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