Community Trust & Investment Co. lowered its position in Johnson Controls International PLC (NYSE:JCI) by 5.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 216,829 shares of the auto parts company’s stock after selling 12,016 shares during the quarter. Community Trust & Investment Co.’s holdings in Johnson Controls International were worth $7,589,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the business. First PREMIER Bank bought a new position in shares of Johnson Controls International during the 2nd quarter worth approximately $118,000. TRUE Private Wealth Advisors bought a new position in shares of Johnson Controls International during the 3rd quarter worth approximately $131,000. FTB Advisors Inc. bought a new position in shares of Johnson Controls International during the 2nd quarter worth approximately $138,000. Point72 Hong Kong Ltd bought a new position in shares of Johnson Controls International during the 2nd quarter worth approximately $156,000. Finally, Checchi Capital Advisers LLC bought a new position in shares of Johnson Controls International during the 3rd quarter worth approximately $218,000. Institutional investors own 93.04% of the company’s stock.
Several equities analysts recently commented on JCI shares. Wells Fargo & Co cut their target price on Johnson Controls International from $41.00 to $38.00 and set a “market perform” rating for the company in a research report on Friday, September 28th. Morgan Stanley started coverage on Johnson Controls International in a research report on Monday, August 20th. They set an “equal weight” rating and a $40.00 target price for the company. Zacks Investment Research downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Monday, July 16th. JPMorgan Chase & Co. downgraded Johnson Controls International from a “neutral” rating to an “underweight” rating and set a $44.00 target price for the company. in a research report on Friday, September 21st. Finally, Royal Bank of Canada restated a “sell” rating and set a $31.00 target price on shares of Johnson Controls International in a research report on Friday, July 13th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company’s stock. Johnson Controls International presently has an average rating of “Hold” and an average price target of $40.64.
JCI stock opened at $33.34 on Friday. Johnson Controls International PLC has a fifty-two week low of $30.60 and a fifty-two week high of $41.56. The firm has a market cap of $29.42 billion, a P/E ratio of 12.82, a price-to-earnings-growth ratio of 0.96 and a beta of 0.85. The company has a quick ratio of 0.79, a current ratio of 1.10 and a debt-to-equity ratio of 0.48.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Monday, September 24th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, September 21st. This represents a $1.04 dividend on an annualized basis and a yield of 3.12%. Johnson Controls International’s dividend payout ratio is 40.00%.
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. It designs, sells, controls, installs heating, ventilating, and air conditioning systems. The company also provides residential air conditioning and heating systems, and industrial refrigeration products, as well as technical and energy management consulting services.
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