Wedbush Securities Inc. cut its holdings in Johnson Controls International PLC (NYSE:JCI) by 23.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,042 shares of the auto parts company’s stock after selling 5,103 shares during the quarter. Wedbush Securities Inc.’s holdings in Johnson Controls International were worth $596,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. BP PLC purchased a new stake in shares of Johnson Controls International in the 3rd quarter worth about $4,024,000. Tocqueville Asset Management L.P. grew its position in Johnson Controls International by 7.8% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 83,019 shares of the auto parts company’s stock valued at $2,777,000 after purchasing an additional 5,999 shares during the last quarter. Canandaigua National Bank & Trust Co. grew its position in Johnson Controls International by 9.5% during the 3rd quarter. Canandaigua National Bank & Trust Co. now owns 69,668 shares of the auto parts company’s stock valued at $2,438,000 after purchasing an additional 6,046 shares during the last quarter. BB&T Corp grew its position in Johnson Controls International by 17.8% during the 3rd quarter. BB&T Corp now owns 90,735 shares of the auto parts company’s stock valued at $3,175,000 after purchasing an additional 13,697 shares during the last quarter. Finally, Global X Management Co LLC grew its position in Johnson Controls International by 28.7% during the 2nd quarter. Global X Management Co LLC now owns 78,579 shares of the auto parts company’s stock valued at $2,628,000 after purchasing an additional 17,537 shares during the last quarter. 92.23% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE JCI opened at $32.66 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.76 and a debt-to-equity ratio of 0.43. The stock has a market cap of $30.85 billion, a PE ratio of 11.54, a P/E/G ratio of 1.01 and a beta of 0.88. Johnson Controls International PLC has a 52-week low of $30.60 and a 52-week high of $41.53.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Thursday, November 8th. The auto parts company reported $0.93 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.93. The firm had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $8.28 billion. Johnson Controls International had a net margin of 6.89% and a return on equity of 11.92%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.87 EPS. On average, equities research analysts forecast that Johnson Controls International PLC will post 2.99 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 11th. Stockholders of record on Monday, December 17th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend is Friday, December 14th. Johnson Controls International’s payout ratio is presently 36.75%.

Johnson Controls International announced that its Board of Directors has initiated a share repurchase plan on Thursday, November 8th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the auto parts company to reacquire up to 3.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

Several analysts recently commented on the stock. Zacks Investment Research reissued a “hold” rating on shares of Johnson Controls International in a research report on Tuesday, November 13th. Citigroup cut 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 report on Friday, November 16th. Oppenheimer cut their price objective on shares of Johnson Controls International from $44.00 to $39.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 14th. UBS Group downgraded shares of Johnson Controls International from a “buy” rating to a “neutral” rating and cut their price objective for the company from $44.00 to $40.00 in a research report on Tuesday, September 11th. Finally, Morgan Stanley assumed coverage on shares of Johnson Controls International in a research report on Monday, August 20th. They set an “equal weight” rating and a $40.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $38.50.

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About Johnson Controls International

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. It designs, sells, controls, installs heating, ventilating, and air conditioning systems. The company also provides residential air conditioning and heating systems, and industrial refrigeration products, as well as technical and energy management consulting services.

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

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