Glenmede Trust Co. NA Has $3,743,000 Position in Johnson Controls International PLC (JCI)

Glenmede Trust Co. NA held its position in Johnson Controls International PLC (NYSE:JCI) during the first quarter, Holdings Channel reports. The firm owned 90,909 shares of the auto parts company’s stock at the end of the first quarter. Glenmede Trust Co. NA’s holdings in Johnson Controls International PLC were worth $3,743,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital Guardian Trust Co. purchased a new position in Johnson Controls International PLC during the fourth quarter worth $212,000. Washington Trust Bank increased its position in Johnson Controls International PLC by 8.2% in the first quarter. Washington Trust Bank now owns 5,097 shares of the auto parts company’s stock worth $215,000 after buying an additional 388 shares during the period. Cypress Capital Management LLC purchased a new position in Johnson Controls International PLC during the first quarter worth $216,000. Diamond Hill Capital Management Inc. purchased a new position in Johnson Controls International PLC during the first quarter worth $232,000. Finally, Tiedemann Wealth Management LLC purchased a new position in Johnson Controls International PLC during the first quarter worth $244,000. 84.13% of the stock is currently owned by institutional investors and hedge funds.

Johnson Controls International PLC (NYSE JCI) traded down 0.50% during trading on Tuesday, hitting $42.10. The stock had a trading volume of 592,835 shares. Johnson Controls International PLC has a 1-year low of $39.16 and a 1-year high of $48.97. The company’s market capitalization is $39.49 billion. The stock’s 50-day moving average price is $41.93 and its 200-day moving average price is $42.17.

Johnson Controls International PLC (NYSE:JCI) last announced its quarterly earnings data on Thursday, April 27th. The auto parts company reported $0.50 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.50. Johnson Controls International PLC had a negative net margin of 1.69% and a positive return on equity of 11.97%. The company had revenue of $7.24 billion during the quarter, compared to analyst estimates of $7.09 billion. During the same period in the previous year, the business earned $0.86 EPS. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. Analysts expect that Johnson Controls International PLC will post $2.63 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 7th. Investors of record on Wednesday, June 28th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, June 26th. This represents a $1.00 dividend on an annualized basis and a yield of 2.36%. Johnson Controls International PLC’s payout ratio is currently -194.70%.

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A number of research analysts recently weighed in on JCI shares. HSBC Holdings plc started coverage on Johnson Controls International PLC in a research note on Friday, March 31st. They set a “buy” rating and a $50.00 price target on the stock. Cowen and Company reaffirmed a “buy” rating and set a $52.00 price target on shares of Johnson Controls International PLC in a research note on Thursday, April 27th. Zacks Investment Research raised Johnson Controls International PLC from a “sell” rating to a “hold” rating in a research note on Tuesday, April 11th. ValuEngine downgraded Johnson Controls International PLC from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Goldman Sachs Group, Inc. (The) downgraded Johnson Controls International PLC from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $48.00 to $44.00 in a research note on Monday, March 13th. Ten research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Johnson Controls International PLC presently has an average rating of “Buy” and a consensus price target of $50.93.

In related news, CEO Alex A. Molinaroli sold 6,335 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $41.96, for a total value of $265,816.60. Following the completion of the transaction, the chief executive officer now directly owns 1,296,407 shares in the company, valued at approximately $54,397,237.72. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.50% of the stock is owned by insiders.

Johnson Controls International PLC Company Profile

Johnson Controls, Inc is a technology company. The Company provides products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles, and seating and interior systems for automobiles. The Company operates in two segments: Building Efficiency and Power Solutions.

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

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