Cadence Capital Management LLC Has $907,000 Stock Position in Johnson Controls International plc (NYSE:JCI)

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Cadence Capital Management LLC trimmed its stake in shares of Johnson Controls International plc (NYSE:JCI) by 17.4% during the third quarter, Holdings Channel reports. The firm owned 22,199 shares of the company’s stock after selling 4,687 shares during the period. Cadence Capital Management LLC’s holdings in Johnson Controls International were worth $907,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. SOL Capital Management CO raised its stake in shares of Johnson Controls International by 3.2% in the second quarter. SOL Capital Management CO now owns 9,562 shares of the company’s stock valued at $326,000 after acquiring an additional 300 shares during the last quarter. CX Institutional raised its stake in shares of Johnson Controls International by 51.9% in the third quarter. CX Institutional now owns 984 shares of the company’s stock valued at $40,000 after acquiring an additional 336 shares during the last quarter. Balentine LLC raised its stake in shares of Johnson Controls International by 82.4% in the second quarter. Balentine LLC now owns 881 shares of the company’s stock valued at $30,000 after acquiring an additional 398 shares during the last quarter. Pflug Koory LLC raised its stake in shares of Johnson Controls International by 6.8% in the second quarter. Pflug Koory LLC now owns 6,419 shares of the company’s stock valued at $219,000 after acquiring an additional 406 shares during the last quarter. Finally, Carroll Financial Associates Inc. raised its stake in shares of Johnson Controls International by 21.6% in the second quarter. Carroll Financial Associates Inc. now owns 2,745 shares of the company’s stock valued at $93,000 after acquiring an additional 488 shares during the last quarter. Institutional investors own 89.79% of the company’s stock.

In other news, CFO Brian J. Stief sold 61,953 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $38.54, for a total value of $2,387,668.62. Following the completion of the transaction, the chief financial officer now owns 36,971 shares of the company’s stock, valued at approximately $1,424,862.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP John Donofrio sold 38,290 shares of the business’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $42.04, for a total transaction of $1,609,711.60. Following the completion of the transaction, the vice president now directly owns 52,915 shares of the company’s stock, valued at approximately $2,224,546.60. The disclosure for this sale can be found here. 0.61% of the stock is owned by insiders.

JCI has been the subject of a number of research analyst reports. Royal Bank of Canada upgraded shares of Johnson Controls International from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $36.00 to $46.00 in a research note on Tuesday, August 11th. Argus boosted their price objective on shares of Johnson Controls International from $34.00 to $45.00 in a research report on Monday, August 10th. Credit Suisse Group boosted their price objective on shares of Johnson Controls International from $37.00 to $44.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. William Blair restated a “market perform” rating on shares of Johnson Controls International in a research report on Monday, August 3rd. Finally, Morgan Stanley boosted their price objective on shares of Johnson Controls International from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 13th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $41.13.

Shares of Johnson Controls International stock traded up $0.40 on Friday, hitting $43.02. 3,993,227 shares of the company’s stock traded hands, compared to its average volume of 5,811,927. The firm’s 50-day moving average price is $41.69 and its two-hundred day moving average price is $35.40. The stock has a market capitalization of $32.01 billion, a PE ratio of 42.18, a price-to-earnings-growth ratio of 2.26 and a beta of 1.07. Johnson Controls International plc has a one year low of $22.77 and a one year high of $44.82. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.08 and a quick ratio of 0.89.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Friday, July 31st. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.48 by $0.19. The company had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.11 billion. Johnson Controls International had a net margin of 3.54% and a return on equity of 8.77%. The business’s revenue for the quarter was down 17.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS. On average, analysts forecast that Johnson Controls International plc will post 2.2 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Monday, September 28th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.42%. The ex-dividend date was Friday, September 25th. Johnson Controls International’s dividend payout ratio (DPR) is 53.06%.

Johnson Controls International Company Profile

Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Building Solutions North America, Building Solutions EMEA/LA, Building Solutions EMEA/LA, and Global Products 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.

Further Reading: Calculating net profit and net profit margin ratio

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

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