Johnson Controls International PLC (JCI) Position Trimmed by Cim Investment Mangement Inc.

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Cim Investment Mangement Inc. decreased its holdings in shares of Johnson Controls International PLC (NYSE:JCI) by 4.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,051 shares of the company’s stock after selling 1,024 shares during the quarter. Cim Investment Mangement Inc.’s holdings in Johnson Controls International were worth $683,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. BP PLC purchased a new stake in shares of Johnson Controls International during the third quarter worth approximately $4,024,000. Canandaigua National Bank & Trust Co. raised its stake in shares of Johnson Controls International by 9.5% during the third quarter. Canandaigua National Bank & Trust Co. now owns 69,668 shares of the company’s stock worth $2,438,000 after purchasing an additional 6,046 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of Johnson Controls International by 2.8% during the fourth quarter. State of Alaska Department of Revenue now owns 153,773 shares of the company’s stock worth $4,558,000 after purchasing an additional 4,123 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Johnson Controls International by 18.3% during the third quarter. Steward Partners Investment Advisory LLC now owns 12,468 shares of the company’s stock worth $436,000 after purchasing an additional 1,927 shares during the last quarter. Finally, BB&T Corp raised its stake in shares of Johnson Controls International by 17.8% during the third quarter. BB&T Corp now owns 90,735 shares of the company’s stock worth $3,175,000 after purchasing an additional 13,697 shares during the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Shares of JCI stock opened at $34.00 on Monday. Johnson Controls International PLC has a 1-year low of $28.30 and a 1-year high of $40.33. The firm has a market cap of $31.03 billion, a P/E ratio of 12.01, a price-to-earnings-growth ratio of 1.71 and a beta of 1.05. The company has a current ratio of 1.03, a quick ratio of 0.85 and a debt-to-equity ratio of 0.45.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Friday, February 1st. The company reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.02. The company 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 10.73% and a net margin of 7.77%. Johnson Controls International’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.54 earnings per share. Equities analysts predict that Johnson Controls International PLC will post 1.81 EPS for the current fiscal year.

Johnson Controls International announced that its board has authorized a stock buyback plan on Thursday, November 8th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 3.2% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

Several research firms have recently commented on JCI. Oppenheimer cut their price target on Johnson Controls International from $44.00 to $39.00 and set an “outperform” rating for the company in a research note on Wednesday, November 14th. TheStreet cut Johnson Controls International from a “b-” rating to a “c+” rating in a research note on Tuesday, October 30th. Zacks Investment Research restated a “hold” rating on shares of Johnson Controls International in a research note on Tuesday, November 13th. OTR Global cut Johnson Controls International to a “positive” rating in a research note on Friday, January 18th. Finally, ValuEngine upgraded Johnson Controls International from a “sell” rating to a “hold” rating in a research note on Friday. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $38.50.

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

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