Schafer Cullen Capital Management Inc. Cuts Stake in Johnson Controls International plc Ordinary Share (JCI)

Schafer Cullen Capital Management Inc. lowered its position in shares of Johnson Controls International plc Ordinary Share (NYSE:JCI) by 11.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,199,327 shares of the auto parts company’s stock after selling 285,998 shares during the period. Schafer Cullen Capital Management Inc.’s holdings in Johnson Controls International plc Ordinary Share were worth $83,816,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. New York State Common Retirement Fund grew its stake in shares of Johnson Controls International plc Ordinary Share by 1.1% during the third quarter. New York State Common Retirement Fund now owns 2,428,869 shares of the auto parts company’s stock worth $97,859,000 after acquiring an additional 25,400 shares during the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of Johnson Controls International plc Ordinary Share by 28.7% during the third quarter. Teacher Retirement System of Texas now owns 12,770 shares of the auto parts company’s stock worth $515,000 after purchasing an additional 2,846 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Johnson Controls International plc Ordinary Share during the third quarter worth about $1,501,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Johnson Controls International plc Ordinary Share during the third quarter worth about $338,000. Finally, Stephens Inc. AR acquired a new stake in shares of Johnson Controls International plc Ordinary Share during the third quarter worth about $3,048,000. Institutional investors own 91.12% of the company’s stock.

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JCI has been the subject of a number of research reports. Oppenheimer reaffirmed a “buy” rating and set a $45.00 target price on shares of Johnson Controls International plc Ordinary Share in a report on Thursday, February 1st. UBS initiated coverage on Johnson Controls International plc Ordinary Share in a report on Monday, January 22nd. They set a “buy” rating for the company. TheStreet downgraded Johnson Controls International plc Ordinary Share from a “b” rating to a “c+” rating in a report on Monday, December 18th. Barclays started coverage on Johnson Controls International plc Ordinary Share in a report on Thursday, February 15th. They set an “equal weight” rating and a $41.00 target price for the company. Finally, Cowen reissued a “hold” rating and issued a $42.00 price target on shares of Johnson Controls International plc Ordinary Share in a report on Wednesday, February 7th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $46.25.

In other news, insider Rodney M. Rushing sold 14,199 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $37.88, for a total value of $537,858.12. Following the completion of the sale, the insider now directly owns 39,847 shares in the company, valued at $1,509,404.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jeffrey M. Williams sold 27,734 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $40.00, for a total value of $1,109,360.00. Following the completion of the sale, the vice president now owns 201,961 shares of the company’s stock, valued at $8,078,440. The disclosure for this sale can be found here. 0.43% of the stock is owned by insiders.

Shares of Johnson Controls International plc Ordinary Share (NYSE JCI) traded down $0.35 during trading hours on Tuesday, reaching $36.06. The company’s stock had a trading volume of 539,786 shares, compared to its average volume of 6,031,879. The firm has a market capitalization of $33,988.71, a P/E ratio of 18.87, a PEG ratio of 1.21 and a beta of 0.84. Johnson Controls International plc Ordinary Share has a one year low of $34.51 and a one year high of $44.37. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.11 and a quick ratio of 0.80.

Johnson Controls International plc Ordinary Share (NYSE:JCI) last posted its quarterly earnings data on Wednesday, January 31st. The auto parts company reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.03. The business had revenue of $7.44 billion during the quarter, compared to analysts’ expectations of $7.19 billion. Johnson Controls International plc Ordinary Share had a return on equity of 11.73% and a net margin of 5.92%. The business’s revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 earnings per share. equities research analysts anticipate that Johnson Controls International plc Ordinary Share will post 2.79 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Monday, March 19th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date of this dividend is Friday, March 16th. Johnson Controls International plc Ordinary Share’s dividend payout ratio (DPR) is presently 53.89%.

Johnson Controls International plc Ordinary Share announced that its board has approved a share buyback plan on Thursday, December 7th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the auto parts company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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Johnson Controls International plc Ordinary Share 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.

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

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