Trust Co. of Vermont Has $823,000 Holdings in Johnson Controls International PLC (JCI)

Trust Co. of Vermont cut its stake in Johnson Controls International PLC (NYSE:JCI) by 17.6% in the 4th quarter, HoldingsChannel reports. The fund owned 27,730 shares of the company’s stock after selling 5,935 shares during the quarter. Trust Co. of Vermont’s holdings in Johnson Controls International were worth $823,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JCI. Moody National Bank Trust Division increased its stake in shares of Johnson Controls International by 537.6% in the 4th quarter. Moody National Bank Trust Division now owns 848 shares of the company’s stock valued at $25,000 after purchasing an additional 715 shares during the last quarter. Private Capital Group LLC increased its stake in shares of Johnson Controls International by 15.8% in the 4th quarter. Private Capital Group LLC now owns 2,653 shares of the company’s stock valued at $79,000 after purchasing an additional 362 shares during the last quarter. CKW Financial Group increased its stake in shares of Johnson Controls International by 24.7% in the 4th quarter. CKW Financial Group now owns 3,531 shares of the company’s stock valued at $105,000 after purchasing an additional 700 shares during the last quarter. TRUE Private Wealth Advisors bought a new position in shares of Johnson Controls International in the 3rd quarter valued at $131,000. Finally, TLP Group LLC bought a new position in shares of Johnson Controls International in the 3rd quarter valued at $141,000. 93.28% of the stock is owned by hedge funds and other institutional investors.

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JCI has been the topic of several recent analyst reports. Citigroup decreased their price target on Johnson Controls International from $46.00 to $43.00 and set a “buy” rating on the stock in a research note on Friday, November 16th. Zacks Investment Research lowered Johnson Controls International from a “hold” rating to a “sell” rating in a research note on Tuesday, January 15th. Morgan Stanley set a $35.00 price target on Johnson Controls International and gave the company a “hold” rating in a research note on Friday, November 2nd. OTR Global lowered Johnson Controls International to a “positive” rating in a research note on Friday, January 18th. Finally, Credit Suisse Group initiated coverage on Johnson Controls International in a research note on Friday, October 12th. They issued a “neutral” rating and a $37.00 price target on the stock. Four analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $38.50.

JCI stock traded down $0.38 during midday trading on Friday, reaching $33.39. 1,827,597 shares of the stock were exchanged, compared to its average volume of 4,616,950. The firm has a market capitalization of $30.81 billion, a P/E ratio of 11.80, a P/E/G ratio of 1.56 and a beta of 0.95. Johnson Controls International PLC has a 52 week low of $28.30 and a 52 week high of $40.41. The company has a quick ratio of 0.76, a current ratio of 1.05 and a debt-to-equity ratio of 0.43.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Friday, February 1st. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. The business had revenue of $5.46 billion for the quarter, compared to analyst estimates of $5.47 billion. Johnson Controls International had a return on equity of 11.92% and a net margin of 6.89%. Johnson Controls International’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS. As a group, equities research analysts expect that Johnson Controls International PLC will post 1.93 EPS for the current fiscal year.

Johnson Controls International announced that its board has approved a share repurchase plan on Thursday, November 8th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 3.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

The business also recently declared a quarterly dividend, which was paid on Friday, January 11th. Shareholders of record on Monday, December 17th were given a $0.26 dividend. The ex-dividend date was Friday, December 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.11%. Johnson Controls International’s dividend payout ratio (DPR) is presently 36.75%.

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Johnson Controls International Company 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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