Sentry Investment Management LLC Sells 1,552 Shares of Johnson Controls International PLC (JCI)

Sentry Investment Management LLC cut its position in Johnson Controls International PLC (NYSE:JCI) by 2.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 59,167 shares of the company’s stock after selling 1,552 shares during the quarter. Sentry Investment Management LLC’s holdings in Johnson Controls International were worth $1,754,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of JCI. Vanguard Group Inc. raised its position in shares of Johnson Controls International by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 67,459,746 shares of the company’s stock worth $2,361,091,000 after buying an additional 857,281 shares in the last quarter. Vanguard Group Inc raised its position in shares of Johnson Controls International by 1.3% during the 3rd quarter. Vanguard Group Inc now owns 67,459,746 shares of the company’s stock worth $2,361,091,000 after buying an additional 857,281 shares in the last quarter. BlackRock Inc. raised its position in shares of Johnson Controls International by 4.3% during the 4th quarter. BlackRock Inc. now owns 62,579,756 shares of the company’s stock worth $1,855,489,000 after buying an additional 2,602,524 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Johnson Controls International by 13.0% during the 3rd quarter. Franklin Resources Inc. now owns 24,324,526 shares of the company’s stock worth $851,362,000 after buying an additional 2,803,639 shares in the last quarter. Finally, Clearbridge Investments LLC raised its position in shares of Johnson Controls International by 3.1% during the 3rd quarter. Clearbridge Investments LLC now owns 22,767,071 shares of the company’s stock worth $796,847,000 after buying an additional 693,295 shares in the last quarter. Hedge funds and other institutional investors own 91.88% of the company’s stock.

Several equities analysts have recently issued reports on JCI shares. Cowen reaffirmed a “hold” rating and issued a $32.00 price objective (down previously from $38.00) on shares of Johnson Controls International in a research note on Friday, February 15th. ValuEngine raised shares of Johnson Controls International from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. OTR Global cut shares of Johnson Controls International to a “positive” rating in a research note on Friday, January 18th. Zacks Investment Research cut shares of Johnson Controls International from a “hold” rating to a “sell” rating in a research note on Tuesday, January 15th. Finally, Citigroup lowered their price objective on shares of Johnson Controls International from $46.00 to $43.00 and set a “buy” rating on the stock in a research note on Friday, November 16th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $38.17.

Johnson Controls International stock opened at $35.29 on Friday. The company has a market capitalization of $32.21 billion, a PE ratio of 12.47, a PEG ratio of 1.79 and a beta of 1.05. The company has a current ratio of 1.03, a quick ratio of 0.85 and a debt-to-equity ratio of 0.45. Johnson Controls International PLC has a fifty-two week low of $28.30 and a fifty-two week high of $40.33.

Johnson Controls International (NYSE:JCI) last released its earnings results on Friday, February 1st. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.02. The business had revenue of $5.46 billion for the quarter, compared to the consensus estimate of $5.47 billion. Johnson Controls International had a net margin of 7.77% and a return on equity of 10.73%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the firm posted $0.54 earnings per share. On average, equities research analysts predict that Johnson Controls International PLC will post 1.81 earnings per share for the current fiscal year.

Johnson Controls International declared that its board has authorized a stock repurchase program on Thursday, November 8th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 3.2% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.

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Johnson Controls International 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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