Ledyard National Bank Decreases Holdings in Johnson Controls International plc (NYSE:JCI)

Ledyard National Bank decreased its stake in Johnson Controls International plc (NYSE:JCI) by 6.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,430 shares of the company’s stock after selling 4,049 shares during the quarter. Ledyard National Bank’s holdings in Johnson Controls International were worth $3,686,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of JCI. Turtle Creek Wealth Advisors LLC purchased a new position in Johnson Controls International in the 4th quarter valued at $25,000. Rise Advisors LLC purchased a new position in shares of Johnson Controls International in the first quarter worth about $25,000. EdgeRock Capital LLC acquired a new position in Johnson Controls International during the fourth quarter worth about $27,000. Hexagon Capital Partners LLC boosted its position in Johnson Controls International by 114.0% during the fourth quarter. Hexagon Capital Partners LLC now owns 503 shares of the company’s stock worth $29,000 after acquiring an additional 268 shares during the last quarter. Finally, Bruce G. Allen Investments LLC purchased a new stake in Johnson Controls International during the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on JCI. Barclays lowered their target price on Johnson Controls International from $62.00 to $61.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. UBS Group cut Johnson Controls International from a “buy” rating to a “neutral” rating and dropped their target price for the company from $74.00 to $68.00 in a report on Monday, May 6th. The Goldman Sachs Group boosted their price target on shares of Johnson Controls International from $66.00 to $73.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Oppenheimer raised their price objective on shares of Johnson Controls International from $70.00 to $76.00 and gave the stock an “outperform” rating in a research report on Thursday, June 27th. Finally, Robert W. Baird lifted their target price on shares of Johnson Controls International from $62.00 to $72.00 and gave the stock a “neutral” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $65.23.

Johnson Controls International Trading Down 0.4 %

Shares of JCI stock traded down $0.31 on Thursday, hitting $69.54. The stock had a trading volume of 6,398,866 shares, compared to its average volume of 5,334,543. The company’s 50 day moving average price is $69.42 and its 200-day moving average price is $63.39. Johnson Controls International plc has a 1 year low of $47.90 and a 1 year high of $74.23. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.87 and a quick ratio of 0.65. The firm has a market capitalization of $46.85 billion, a P/E ratio of 28.15, a P/E/G ratio of 1.88 and a beta of 1.28.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.03. The business had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.51 billion. Johnson Controls International had a net margin of 6.32% and a return on equity of 13.21%. The business’s quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 earnings per share. Analysts anticipate that Johnson Controls International plc will post 3.59 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Monday, June 24th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend is Monday, June 24th. Johnson Controls International’s dividend payout ratio is currently 59.92%.

Insider Activity

In related news, COO Nathan D. Manning sold 1,167 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $66.01, for a total transaction of $77,033.67. Following the completion of the transaction, the chief operating officer now directly owns 104,556 shares of the company’s stock, valued at approximately $6,901,741.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, VP Daniel C. Mcconeghy sold 9,342 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $65.50, for a total value of $611,901.00. Following the sale, the vice president now directly owns 25,378 shares in the company, valued at approximately $1,662,259. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Nathan D. Manning sold 1,167 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $66.01, for a total transaction of $77,033.67. Following the transaction, the chief operating officer now owns 104,556 shares of the company’s stock, valued at approximately $6,901,741.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,067 shares of company stock worth $1,162,299. Corporate insiders own 0.69% of the company’s stock.

Johnson Controls International Company Profile

Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.