Johnson Controls International plc $JCI Stock: Corbyn Investment Management Inc. MD Reduces Holdings

Corbyn Investment Management Inc. MD cut its stake in shares of Johnson Controls International plc (NYSE:JCI) by 4.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 85,880 shares of the company’s stock after selling 3,753 shares during the quarter. Johnson Controls International makes up about 3.8% of Corbyn Investment Management Inc. MD’s portfolio, making the stock its 7th largest position. Corbyn Investment Management Inc. MD’s holdings in Johnson Controls International were worth $12,766,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. First County Bank CT raised its holdings in shares of Johnson Controls International by 4.2% during the third quarter. First County Bank CT now owns 1,699 shares of the company’s stock valued at $253,000 after purchasing an additional 68 shares during the period. Natural Investments LLC increased its position in Johnson Controls International by 2.5% in the 2nd quarter. Natural Investments LLC now owns 3,008 shares of the company’s stock valued at $439,000 after buying an additional 72 shares in the last quarter. Everhart Financial Group Inc. increased its position in Johnson Controls International by 1.1% in the 3rd quarter. Everhart Financial Group Inc. now owns 6,355 shares of the company’s stock valued at $945,000 after buying an additional 72 shares in the last quarter. Baron Wealth Management LLC raised its stake in Johnson Controls International by 1.6% during the 2nd quarter. Baron Wealth Management LLC now owns 4,705 shares of the company’s stock worth $687,000 after buying an additional 75 shares during the period. Finally, Kaufman Rossin Wealth LLC raised its stake in Johnson Controls International by 2.0% during the 3rd quarter. Kaufman Rossin Wealth LLC now owns 3,845 shares of the company’s stock worth $572,000 after buying an additional 75 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Zacks Research lowered Johnson Controls International from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Weiss Ratings raised Johnson Controls International from a “buy (b)” rating to a “buy (a)” rating in a research report on Thursday, October 8th. Morgan Stanley increased their target price on Johnson Controls International from $175.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, September 2nd. The Goldman Sachs Group lifted their price target on shares of Johnson Controls International from $186.00 to $191.00 and gave the company a “buy” rating in a research report on Wednesday, September 30th. Finally, BNP Paribas Exane boosted their price target on shares of Johnson Controls International from $130.00 to $145.00 and gave the company an “underperform” rating in a research note on Wednesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Johnson Controls International has a consensus rating of “Moderate Buy” and an average price target of $166.86.

Johnson Controls International Stock Performance

JCI stock opened at $140.37 on Thursday. Johnson Controls International plc has a 12-month low of $108.41 and a 12-month high of $160.41. The firm has a market cap of $85.03 billion, a PE ratio of 29.05, a P/E/G ratio of 1.18 and a beta of 1.27. The business has a 50 day moving average of $147.53 and a 200-day moving average of $141.29. The company has a quick ratio of 0.75, a current ratio of 0.90 and a debt-to-equity ratio of 0.55.

Johnson Controls International (NYSE:JCI) last released its earnings results on Tuesday, October 27th. The company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.07. The company had revenue of $7.11 billion for the quarter, compared to analysts’ expectations of $7.04 billion. Johnson Controls International had a return on equity of 23.38% and a net margin of 11.12%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.26 EPS. As a group, sell-side analysts expect that Johnson Controls International plc will post 6.29 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Monday, September 21st were given a $0.40 dividend. The ex-dividend date of this dividend was Monday, September 21st. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Johnson Controls International’s payout ratio is 34.19%.

Insider Activity

In other news, Director Juergen Tinggren sold 4,000 shares of the firm’s stock in a transaction on Wednesday, October 28th. The stock was sold at an average price of $159.19, for a total value of $636,760.00. Following the completion of the transaction, the director directly owned 27,236 shares of the company’s stock, valued at $4,335,698.84. This trade represents a 12.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.29% of the stock is currently owned by corporate insiders.

About Johnson Controls International

Johnson Controls International plc (NYSE:JCI) is a global provider of building technology, products and services. The company helps customers design, operate and maintain efficient, healthy and secure buildings through solutions for heating, ventilation and air conditioning, building automation, energy management, fire detection and suppression, and physical security.

Its portfolio includes building controls and digital management platforms, HVAC equipment, chillers, air-handling systems, fire and security technologies, and related services.