PNC Financial Services Group Inc. reduced its stake in Johnson Controls International PLC (NYSE:JCI) by 7.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 213,528 shares of the company’s stock after selling 17,994 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Johnson Controls International were worth $7,888,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of the company. CIBC World Markets Inc. purchased a new position in Johnson Controls International in the 1st quarter worth approximately $591,000. YorkBridge Wealth Partners LLC raised its stake in Johnson Controls International by 28.8% during the 1st quarter. YorkBridge Wealth Partners LLC now owns 3,349 shares of the company’s stock valued at $124,000 after buying an additional 748 shares during the last quarter. Icon Wealth Partners LLC raised its stake in Johnson Controls International by 38.2% during the 1st quarter. Icon Wealth Partners LLC now owns 8,609 shares of the company’s stock valued at $318,000 after buying an additional 2,379 shares during the last quarter. Signaturefd LLC raised its stake in Johnson Controls International by 16.9% during the 1st quarter. Signaturefd LLC now owns 3,878 shares of the company’s stock valued at $143,000 after buying an additional 562 shares during the last quarter. Finally, Haverford Trust Co. raised its stake in Johnson Controls International by 44.8% during the 1st quarter. Haverford Trust Co. now owns 588,348 shares of the company’s stock valued at $21,734,000 after buying an additional 182,027 shares during the last quarter. 91.01% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Rodney M. Rushing sold 29,728 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $39.03, for a total value of $1,160,283.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO George Oliver sold 11,481 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $38.90, for a total transaction of $446,610.90. Following the completion of the transaction, the chief executive officer now directly owns 870,354 shares of the company’s stock, valued at approximately $33,856,770.60. The disclosure for this sale can be found here. Insiders sold a total of 186,865 shares of company stock valued at $7,308,261 in the last ninety days. 0.50% of the stock is currently owned by insiders.
Shares of NYSE:JCI traded up $31,708,000,259.47 during midday trading on Friday, hitting $31,708,000,300.00. The company had a trading volume of 4,902,869 shares, compared to its average volume of 6,274,614. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.80 and a current ratio of 0.95. The firm has a market cap of $36.65 billion, a P/E ratio of 11,204,240,388.69, a price-to-earnings-growth ratio of 2.19 and a beta of 0.94. Johnson Controls International PLC has a 12-month low of $28.30 and a 12-month high of $41.40. The business has a fifty day simple moving average of $39.35.
Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.30 by $0.02. The firm had revenue of $5.78 billion during the quarter, compared to analyst estimates of $5.79 billion. Johnson Controls International had a return on equity of 9.85% and a net margin of 8.52%. Johnson Controls International’s revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 EPS. On average, equities analysts expect that Johnson Controls International PLC will post 1.92 earnings per share for the current year.
Johnson Controls International declared that its board has approved a stock repurchase plan on Thursday, March 7th that authorizes the company to buyback $8.50 billion in shares. This buyback authorization authorizes the company to reacquire up to 26% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Monday, June 24th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.00%. The ex-dividend date of this dividend is Friday, June 21st. Johnson Controls International’s dividend payout ratio is currently 36.75%.
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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