Johnson Controls International plc (NYSE:JCI) Holdings Decreased by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. cut its position in shares of Johnson Controls International plc (NYSE:JCIFree Report) by 18.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,717 shares of the company’s stock after selling 821 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in Johnson Controls International were worth $243,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Johnson Controls International in the 4th quarter valued at about $25,000. EdgeRock Capital LLC bought a new position in shares of Johnson Controls International during the fourth quarter valued at approximately $27,000. Hexagon Capital Partners LLC raised its position in shares of Johnson Controls International by 114.0% during the 4th quarter. Hexagon Capital Partners LLC now owns 503 shares of the company’s stock worth $29,000 after purchasing an additional 268 shares during the period. Headinvest LLC bought a new stake in shares of Johnson Controls International in the 3rd quarter worth approximately $30,000. Finally, West Paces Advisors Inc. acquired a new position in Johnson Controls International during the 3rd quarter valued at approximately $31,000. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Price Performance

Shares of NYSE:JCI traded down $0.98 during trading hours on Tuesday, hitting $68.33. 2,633,195 shares of the company’s stock traded hands, compared to its average volume of 5,554,409. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.65 and a current ratio of 0.87. The company’s fifty day simple moving average is $67.66 and its two-hundred day simple moving average is $61.44. Johnson Controls International plc has a 52 week low of $47.90 and a 52 week high of $74.23. The company has a market cap of $46.03 billion, a price-to-earnings ratio of 28.06, a price-to-earnings-growth ratio of 1.79 and a beta of 1.29.

Johnson Controls International (NYSE:JCIGet Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.03. The company had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.51 billion. Johnson Controls International had a return on equity of 13.21% and a net margin of 6.32%. The firm’s 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. As a group, equities analysts anticipate that Johnson Controls International plc will post 3.59 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Monday, June 24th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Monday, June 24th. This represents a $1.48 dividend on an annualized basis and a yield of 2.17%. Johnson Controls International’s dividend payout ratio is currently 59.92%.

Analyst Ratings Changes

A number of research firms recently weighed in on JCI. Argus cut shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Tuesday, February 20th. Oppenheimer cut their price target on Johnson Controls International from $71.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, May 2nd. UBS Group lowered Johnson Controls International from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $74.00 to $68.00 in a report on Monday, May 6th. Barclays cut their target price on Johnson Controls International from $61.00 to $59.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 2nd. Finally, Mizuho cut Johnson Controls International from a “buy” rating to a “neutral” rating and set a $62.00 price target for the company. in a research note on Friday, February 23rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $63.00.

Check Out Our Latest Analysis on JCI

Insiders Place Their Bets

In other news, VP Daniel C. Mcconeghy sold 9,342 shares of Johnson Controls International stock in a transaction on Friday, May 10th. The stock was sold at an average price of $65.50, for a total transaction of $611,901.00. Following the transaction, the vice president now owns 25,378 shares in the company, valued at $1,662,259. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Juergen Tinggren sold 4,000 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $62.31, for a total transaction of $249,240.00. Following the completion of the sale, the director now directly owns 30,120 shares of the company’s stock, valued at approximately $1,876,777.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Daniel C. Mcconeghy sold 9,342 shares of Johnson Controls International stock in a transaction on Friday, May 10th. The stock was sold at an average price of $65.50, for a total transaction of $611,901.00. Following the completion of the transaction, the vice president now owns 25,378 shares in the company, valued at approximately $1,662,259. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,086 shares of company stock worth $1,097,025. Company insiders own 0.69% of the company’s stock.

Johnson Controls International Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Johnson Controls International (NYSE:JCI)

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