Bryn Mawr Capital Management LLC Trims Stake in Johnson Controls International plc (NYSE:JCI)

Bryn Mawr Capital Management LLC cut its holdings in Johnson Controls International plc (NYSE:JCI) by 91.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,842 shares of the company’s stock after selling 199,477 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Johnson Controls International were worth $1,487,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Compass Financial Services Inc bought a new stake in shares of Johnson Controls International during the 4th quarter valued at $26,000. Fortitude Family Office LLC grew its position in shares of Johnson Controls International by 195.8% during the 3rd quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock valued at $33,000 after acquiring an additional 278 shares during the period. Synergy Asset Management LLC bought a new stake in shares of Johnson Controls International during the 4th quarter valued at $42,000. ST Germain D J Co. Inc. grew its position in shares of Johnson Controls International by 32.8% during the 4th quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock valued at $43,000 after acquiring an additional 134 shares during the period. Finally, Western Pacific Wealth Management LP bought a new stake in shares of Johnson Controls International during the 3rd quarter valued at $44,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Down 1.9 %

JCI opened at $88.69 on Friday. The firm has a 50-day simple moving average of $82.01 and a two-hundred day simple moving average of $78.25. Johnson Controls International plc has a 52 week low of $56.44 and a 52 week high of $91.14. The company has a market capitalization of $58.55 billion, a PE ratio of 33.85, a price-to-earnings-growth ratio of 2.00 and a beta of 1.32. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. Analysts forecast that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.67%. The ex-dividend date was Monday, December 23rd. Johnson Controls International’s dividend payout ratio is 56.49%.

Analysts Set New Price Targets

JCI has been the subject of a number of recent research reports. Morgan Stanley boosted their price objective on shares of Johnson Controls International from $95.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Royal Bank of Canada boosted their price objective on shares of Johnson Controls International from $86.00 to $93.00 and gave the company a “sector perform” rating in a research report on Thursday, February 6th. Melius Research reaffirmed a “hold” rating and issued a $95.00 target price on shares of Johnson Controls International in a report on Tuesday, January 28th. Wells Fargo & Company upped their target price on shares of Johnson Controls International from $92.00 to $98.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, Barclays upped their target price on shares of Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.13.

Insider Activity

In other news, CEO George Oliver sold 10,304 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $84.14, for a total transaction of $866,978.56. Following the sale, the chief executive officer now directly owns 1,166,992 shares in the company, valued at approximately $98,190,706.88. This represents a 0.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Daniel C. Mcconeghy sold 1,950 shares of the company’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $87.73, for a total transaction of $171,073.50. Following the sale, the vice president now owns 24,803 shares in the company, valued at $2,175,967.19. This represents a 7.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 719,004 shares of company stock worth $62,950,067. 0.54% of the stock is currently owned by corporate insiders.

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.