Truist Financial Corp Trims Stock Position in Johnson Controls International plc (NYSE:JCI)

Truist Financial Corp trimmed its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 23.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 234,650 shares of the company’s stock after selling 73,167 shares during the quarter. Truist Financial Corp’s holdings in Johnson Controls International were worth $13,525,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of JCI. Bryn Mawr Capital Management LLC raised its stake in shares of Johnson Controls International by 9.8% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 199,017 shares of the company’s stock worth $11,471,000 after buying an additional 17,723 shares during the period. Semanteon Capital Management LP bought a new stake in Johnson Controls International during the 4th quarter worth approximately $1,281,000. Jackson Hole Capital Partners LLC lifted its holdings in Johnson Controls International by 24.1% during the fourth quarter. Jackson Hole Capital Partners LLC now owns 16,768 shares of the company’s stock valued at $967,000 after purchasing an additional 3,260 shares in the last quarter. Stevens Capital Management LP boosted its position in shares of Johnson Controls International by 28.4% in the fourth quarter. Stevens Capital Management LP now owns 7,296 shares of the company’s stock worth $421,000 after purchasing an additional 1,612 shares during the period. Finally, Syon Capital LLC purchased a new stake in shares of Johnson Controls International in the fourth quarter worth $209,000. 90.05% of the stock is owned by institutional investors.

Johnson Controls International Stock Down 7.1 %

Shares of NYSE JCI opened at $60.44 on Thursday. The stock has a market capitalization of $41.19 billion, a price-to-earnings ratio of 19.69, a P/E/G ratio of 1.63 and a beta of 1.23. Johnson Controls International plc has a 12-month low of $47.90 and a 12-month high of $70.43. The company has a current ratio of 0.97, a quick ratio of 0.73 and a debt-to-equity ratio of 0.45. The firm’s 50-day moving average price is $63.18 and its 200-day moving average price is $57.13.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Tuesday, January 30th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.51. The business had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.94 billion. Johnson Controls International had a return on equity of 13.08% and a net margin of 7.85%. The company’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.67 earnings per share. On average, equities research analysts anticipate that Johnson Controls International plc will post 3.61 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Monday, March 25th were issued a dividend of $0.37 per share. The ex-dividend date was Friday, March 22nd. This represents a $1.48 annualized dividend and a yield of 2.45%. Johnson Controls International’s payout ratio is presently 48.21%.

Analyst Upgrades and Downgrades

JCI has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $60.00 target price (down previously from $65.00) on shares of Johnson Controls International in a report on Wednesday, January 31st. HSBC downgraded Johnson Controls International from a “buy” rating to a “hold” rating and set a $60.00 target price on the stock. in a research note on Wednesday, January 31st. Wells Fargo & Company upped their price target on Johnson Controls International from $64.00 to $73.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Royal Bank of Canada reduced their price objective on shares of Johnson Controls International from $50.00 to $48.00 and set an “underperform” rating on the stock in a research report on Wednesday, January 31st. Finally, Argus downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $64.50.

Johnson Controls International Profile

Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.