Ledyard National Bank Has $3.49 Million Holdings in Johnson Controls International plc (NYSE:JCI)

Ledyard National Bank decreased its position in Johnson Controls International plc (NYSE:JCI) by 5.4% in the fourth quarter, HoldingsChannel reports. The firm owned 60,479 shares of the company’s stock after selling 3,483 shares during the period. Ledyard National Bank’s holdings in Johnson Controls International were worth $3,486,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. U.S. Capital Wealth Advisors LLC grew its holdings in shares of Johnson Controls International by 15.1% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 5,026 shares of the company’s stock valued at $267,000 after buying an additional 658 shares in the last quarter. Valeo Financial Advisors LLC increased its stake in Johnson Controls International by 50.6% in the 3rd quarter. Valeo Financial Advisors LLC now owns 6,336 shares of the company’s stock valued at $337,000 after buying an additional 2,128 shares during the period. Avestar Capital LLC lifted its position in Johnson Controls International by 3.9% in the 3rd quarter. Avestar Capital LLC now owns 10,070 shares of the company’s stock worth $536,000 after buying an additional 381 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Johnson Controls International by 7.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 87,502 shares of the company’s stock valued at $4,656,000 after buying an additional 5,698 shares during the period. Finally, YHB Investment Advisors Inc. grew its holdings in shares of Johnson Controls International by 4.4% during the 3rd quarter. YHB Investment Advisors Inc. now owns 9,394 shares of the company’s stock valued at $500,000 after acquiring an additional 400 shares in the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Controls International Stock Performance

Shares of JCI traded up $0.20 during mid-day trading on Monday, hitting $65.31. The company’s stock had a trading volume of 5,015,567 shares, compared to its average volume of 5,537,009. Johnson Controls International plc has a one year low of $47.90 and a one year high of $70.43. The stock’s 50-day moving average is $62.96 and its two-hundred day moving average is $57.01. The firm has a market capitalization of $44.51 billion, a PE ratio of 21.27, a price-to-earnings-growth ratio of 1.63 and a beta of 1.24. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.73 and a current ratio of 0.97.

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

Johnson Controls International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Monday, March 25th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, March 22nd. This represents a $1.48 annualized dividend and a yield of 2.27%. Johnson Controls International’s dividend payout ratio is 48.21%.

Wall Street Analysts Forecast Growth

JCI has been the subject of several recent research reports. Melius Research reiterated a “hold” rating on shares of Johnson Controls International in a report on Tuesday, January 30th. Wells Fargo & Company lifted their price target on Johnson Controls International from $64.00 to $73.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Mizuho downgraded Johnson Controls International from a “buy” rating to a “neutral” rating and set a $62.00 price objective on the stock. in a report on Friday, February 23rd. HSBC cut shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $60.00 target price for the company. in a research note on Wednesday, January 31st. Finally, Citigroup increased their price target on shares of Johnson Controls International from $59.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $64.50.

Johnson Controls International Company 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.