Cullinan Associates Inc. Cuts Position in Johnson Controls International PLC (NYSE:JCI)

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Cullinan Associates Inc. decreased its position in Johnson Controls International PLC (NYSE:JCI) by 8.4% during the fourth quarter, Holdings Channel reports. The firm owned 6,960 shares of the company’s stock after selling 640 shares during the quarter. Cullinan Associates Inc.’s holdings in Johnson Controls International were worth $283,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Voya Investment Management LLC raised its position in Johnson Controls International by 21.1% in the third quarter. Voya Investment Management LLC now owns 373,925 shares of the company’s stock valued at $16,412,000 after purchasing an additional 65,031 shares during the period. First Allied Advisory Services Inc. raised its position in Johnson Controls International by 25.1% in the third quarter. First Allied Advisory Services Inc. now owns 27,813 shares of the company’s stock valued at $1,220,000 after purchasing an additional 5,577 shares during the period. Evoke Wealth LLC purchased a new stake in Johnson Controls International in the third quarter valued at approximately $166,000. Dean Capital Investments Management LLC raised its position in Johnson Controls International by 64.4% in the third quarter. Dean Capital Investments Management LLC now owns 11,196 shares of the company’s stock valued at $491,000 after purchasing an additional 4,386 shares during the period. Finally, River & Mercantile Asset Management LLP raised its position in Johnson Controls International by 3.5% in the second quarter. River & Mercantile Asset Management LLP now owns 353,927 shares of the company’s stock valued at $14,619,000 after purchasing an additional 12,000 shares during the period. 92.16% of the stock is currently owned by institutional investors.

Johnson Controls International stock opened at $40.93 on Thursday. Johnson Controls International PLC has a twelve month low of $31.44 and a twelve month high of $44.82. The stock’s fifty day simple moving average is $41.38 and its 200-day simple moving average is $42.16. The company has a current ratio of 1.37, a quick ratio of 1.17 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $31.61 billion, a P/E ratio of 20.88, a P/E/G ratio of 1.67 and a beta of 0.92.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.02. Johnson Controls International had a return on equity of 8.04% and a net margin of 23.67%. The business had revenue of $6.27 billion for the quarter, compared to analyst estimates of $6.42 billion. During the same quarter in the prior year, the company earned $0.93 earnings per share. The company’s revenue was up 1.5% on a year-over-year basis. Sell-side analysts predict that Johnson Controls International PLC will post 2.54 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Monday, December 16th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend was Friday, December 13th. Johnson Controls International’s dividend payout ratio is currently 53.06%.

JCI has been the topic of a number of research analyst reports. Wolfe Research raised Johnson Controls International from a “peer perform” rating to an “outperform” rating in a research report on Thursday, January 9th. Credit Suisse Group raised Johnson Controls International from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $45.00 to $47.00 in a research report on Monday, January 6th. Barclays reaffirmed a “hold” rating and set a $43.00 price objective on shares of Johnson Controls International in a research report on Sunday, November 10th. JPMorgan Chase & Co. upped their price objective on Johnson Controls International from $37.00 to $41.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Finally, ValuEngine lowered Johnson Controls International from a “hold” rating to a “sell” rating in a research report on Tuesday, December 24th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $41.22.

In related news, insider Rodney M. Rushing sold 9,460 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $42.50, for a total transaction of $402,050.00. Following the completion of the transaction, the insider now owns 22,891 shares in the company, valued at $972,867.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO George Oliver sold 21,982 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $40.99, for a total transaction of $901,042.18. Following the transaction, the chief executive officer now owns 1,006,724 shares of the company’s stock, valued at approximately $41,265,616.76. The disclosure for this sale can be found here. In the last quarter, insiders have sold 91,095 shares of company stock valued at $3,864,873. Insiders own 0.50% of the company’s stock.

Johnson Controls International Company 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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