Johnson Controls International PLC (JCI) Stake Lessened by Culbertson A N & Co. Inc.

Culbertson A N & Co. Inc. decreased its holdings in shares of Johnson Controls International PLC (NYSE:JCI) by 6.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,608 shares of the auto parts company’s stock after selling 7,113 shares during the period. Culbertson A N & Co. Inc.’s holdings in Johnson Controls International PLC were worth $3,852,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in JCI. Dodge & Cox lifted its position in shares of Johnson Controls International PLC by 83.5% during the 2nd quarter. Dodge & Cox now owns 57,851,274 shares of the auto parts company’s stock valued at $2,508,431,000 after buying an additional 26,319,624 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Johnson Controls International PLC by 144.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,877,880 shares of the auto parts company’s stock worth $211,505,000 after acquiring an additional 2,879,948 shares during the last quarter. Capital World Investors increased its stake in shares of Johnson Controls International PLC by 4.7% in the 2nd quarter. Capital World Investors now owns 42,405,917 shares of the auto parts company’s stock worth $1,838,721,000 after acquiring an additional 1,917,892 shares during the last quarter. Strs Ohio acquired a new stake in shares of Johnson Controls International PLC in the 2nd quarter worth $77,094,000. Finally, Bain Capital Public Equity Management LLC acquired a new stake in shares of Johnson Controls International PLC in the 2nd quarter worth $76,382,000. Hedge funds and other institutional investors own 86.04% of the company’s stock.

In other Johnson Controls International PLC news, VP Jeffrey M. Williams sold 1,955 shares of Johnson Controls International PLC stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $41.43, for a total transaction of $80,995.65. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.48% of the stock is currently owned by insiders.

Shares of Johnson Controls International PLC (JCI) traded up 0.92% during mid-day trading on Friday, hitting $41.62. The company had a trading volume of 4,016,738 shares. The firm’s market cap is $38.81 billion. The firm’s 50 day moving average is $40.41 and its 200-day moving average is $41.16. Johnson Controls International PLC has a 12-month low of $36.74 and a 12-month high of $46.17.

Johnson Controls International PLC (NYSE:JCI) last released its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.71 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.71. The company had revenue of $7.67 billion for the quarter, compared to the consensus estimate of $7.72 billion. Johnson Controls International PLC had a positive return on equity of 11.74% and a negative net margin of 0.43%. The company’s quarterly revenue was up 48.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.07 earnings per share. On average, equities analysts expect that Johnson Controls International PLC will post $2.61 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Monday, September 25th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend was Friday, September 22nd. Johnson Controls International PLC’s payout ratio is -196.08%.

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A number of analysts recently issued reports on the company. Citigroup Inc. reissued a “buy” rating and set a $50.00 price objective (up from $47.00) on shares of Johnson Controls International PLC in a research report on Monday, October 9th. Cowen and Company restated an “outperform” rating and set a $48.00 target price on shares of Johnson Controls International PLC in a report on Monday, August 21st. Zacks Investment Research upgraded Johnson Controls International PLC from a “sell” rating to a “hold” rating in a report on Tuesday, September 5th. BidaskClub upgraded Johnson Controls International PLC from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $50.00 price objective on shares of Johnson Controls Internation

Several other large investors have also made changes to their positions in JCI. Dodge & Cox lifted its position in shares of Johnson Controls International PLC by 83.5% during the 2nd quarter. Dodge & Cox now owns 57,851,274 shares of the auto parts company’s stock valued at $2,508,431,000 after buying an additional 26,319,624 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Johnson Controls International PLC by 144.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,877,880 shares of the auto parts company’s stock worth $211,505,000 after acquiring an additional 2,879,948 shares during the last quarter. Capital World Investors increased its stake in shares of Johnson Controls International PLC by 4.7% in the 2nd quarter. Capital World Investors now owns 42,405,917 shares of the auto parts company’s stock worth $1,838,721,000 after acquiring an additional 1,917,892 shares during the last quarter. Strs Ohio acquired a new stake in shares of Johnson Controls International PLC in the 2nd quarter worth $77,094,000. Finally, Bain Capital Public Equity Management LLC acquired a new stake in shares of Johnson Controls International PLC in the 2nd quarter worth $76,382,000. Hedge funds and other institutional investors own 86.04% of the company’s stock.

In other Johnson Controls International PLC news, VP Jeffrey M. Williams sold 1,955 shares of Johnson Controls International PLC stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $41.43, for a total transaction of $80,995.65. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.48% of the stock is currently owned by insiders.

Shares of Johnson Controls International PLC (JCI) traded up 0.92% during mid-day trading on Friday, hitting $41.62. The company had a trading volume of 4,016,738 shares. The firm’s market cap is $38.81 billion. The firm’s 50 day moving average is $40.41 and its 200-day moving average is $41.16. Johnson Controls International PLC has a 12-month low of $36.74 and a 12-month high of $46.17.

Johnson Controls International PLC (NYSE:JCI) last released its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.71 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.71. The company had revenue of $7.67 billion for the quarter, compared to the consensus estimate of $7.72 billion. Johnson Controls International PLC had a positive return on equity of 11.74% and a negative net margin of 0.43%. The company’s quarterly revenue was up 48.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.07 earnings per share. On average, equities analysts expect that Johnson Controls International PLC will post $2.61 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Monday, September 25th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend was Friday, September 22nd. Johnson Controls International PLC’s payout ratio is -196.08%.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright laws. The original version of this piece of content can be accessed at https://ledgergazette.com/2017/10/22/johnson-controls-international-plc-jci-stake-lessened-by-culbertson-a-n-co-inc.html.

A number of analysts recently issued reports on the company. Citigroup Inc. reissued a “buy” rating and set a $50.00 price objective (up from $47.00) on shares of Johnson Controls International PLC in a research report on Monday, October 9th. Cowen and Company restated an “outperform” rating and set a $48.00 target price on shares of Johnson Controls International PLC in a report on Monday, August 21st. Zacks Investment Research upgraded Johnson Controls International PLC from a “sell” rating to a “hold” rating in a report on Tuesday, September 5th. BidaskClub upgraded Johnson Controls International PLC from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $50.00 price objective on shares of Johnson Controls International PLC in a research note on Monday, August 28th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the company’s stock. Johnson Controls International PLC currently has an average rating of “Hold” and a consensus target price of $48.71.

Johnson Controls International PLC 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 (NYSE:JCI)

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