Cary Street Partners Financial LLC Has $4.94 Million Holdings in Johnson Controls International plc $JCI

Cary Street Partners Financial LLC lessened its holdings in Johnson Controls International plc (NYSE:JCI) by 10.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,241 shares of the company’s stock after selling 4,859 shares during the period. Cary Street Partners Financial LLC’s holdings in Johnson Controls International were worth $4,939,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Viking Global Investors LP grew its holdings in shares of Johnson Controls International by 368.5% during the 3rd quarter. Viking Global Investors LP now owns 6,796,942 shares of the company’s stock valued at $747,324,000 after purchasing an additional 5,346,130 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Johnson Controls International by 140.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,575,414 shares of the company’s stock valued at $483,281,000 after purchasing an additional 2,675,157 shares during the last quarter. First Trust Advisors LP boosted its position in Johnson Controls International by 23.3% in the third quarter. First Trust Advisors LP now owns 3,519,724 shares of the company’s stock valued at $386,994,000 after buying an additional 665,782 shares in the last quarter. Man Group plc grew its stake in shares of Johnson Controls International by 148.1% during the second quarter. Man Group plc now owns 832,921 shares of the company’s stock worth $87,973,000 after buying an additional 497,221 shares during the last quarter. Finally, Interval Partners LP grew its stake in shares of Johnson Controls International by 793.0% during the third quarter. Interval Partners LP now owns 513,401 shares of the company’s stock worth $56,448,000 after buying an additional 455,907 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Johnson Controls International Price Performance

Shares of NYSE:JCI opened at $140.13 on Wednesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.85 and a current ratio of 1.04. Johnson Controls International plc has a 52 week low of $98.74 and a 52 week high of $147.32. The firm has a market cap of $85.50 billion, a PE ratio of 25.07, a price-to-earnings-growth ratio of 1.52 and a beta of 1.37. The firm’s fifty day moving average is $138.01 and its 200-day moving average is $128.68.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $1.19 earnings per share for the quarter. The business had revenue of $6.14 billion during the quarter. Johnson Controls International had a return on equity of 19.50% and a net margin of 14.45%. Sell-side analysts predict that Johnson Controls International plc will post 4.87 earnings per share for the current year.

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Monday, March 16th were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Johnson Controls International’s dividend payout ratio is presently 28.62%.

Insider Buying and Selling at Johnson Controls International

In other news, VP Lei Zhang Schlitz sold 88,809 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $140.99, for a total transaction of $12,521,180.91. Following the completion of the transaction, the vice president directly owned 57,059 shares in the company, valued at $8,044,748.41. This trade represents a 60.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

JCI has been the subject of a number of research reports. Wells Fargo & Company increased their price target on Johnson Controls International from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Wolfe Research reduced their price objective on Johnson Controls International from $161.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 8th. The Goldman Sachs Group upped their target price on Johnson Controls International from $154.00 to $158.00 and gave the stock a “buy” rating in a report on Tuesday, April 7th. HSBC increased their target price on Johnson Controls International from $127.00 to $136.00 in a research report on Thursday, May 7th. Finally, Evercore initiated coverage on Johnson Controls International in a report on Monday, April 13th. They set a “hold” rating and a $155.00 price target on the stock. Eleven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $147.63.

Johnson Controls International Company Profile

Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.

Johnson Controls’ product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.