Johnson Controls International plc $JCI Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lowered its stake in Johnson Controls International plc (NYSE:JCI) by 11.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 358,907 shares of the company’s stock after selling 46,414 shares during the quarter. Corient Private Wealth LLC’s holdings in Johnson Controls International were worth $42,980,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Regents Gate Capital LLP lifted its stake in Johnson Controls International by 17.4% during the 3rd quarter. Regents Gate Capital LLP now owns 86,144 shares of the company’s stock worth $9,472,000 after acquiring an additional 12,774 shares in the last quarter. Bright Futures Wealth Management LLC. purchased a new position in shares of Johnson Controls International in the third quarter valued at approximately $583,000. Elo Mutual Pension Insurance Co increased its stake in Johnson Controls International by 23.7% during the 3rd quarter. Elo Mutual Pension Insurance Co now owns 75,021 shares of the company’s stock worth $8,249,000 after buying an additional 14,354 shares during the period. Nordea Investment Management AB boosted its position in Johnson Controls International by 6.7% in the 4th quarter. Nordea Investment Management AB now owns 2,276,753 shares of the company’s stock valued at $274,235,000 after buying an additional 142,429 shares during the period. Finally, Kepler Cheuvreux Suisse SA acquired a new position in shares of Johnson Controls International in the third quarter worth $2,345,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on JCI shares. Oppenheimer reiterated a “market perform” rating on shares of Johnson Controls International in a report on Tuesday, June 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Johnson Controls International in a report on Tuesday, June 9th. Wall Street Zen raised shares of Johnson Controls International from a “hold” rating to a “buy” rating in a research report on Sunday, May 3rd. Morgan Stanley lifted their price objective on shares of Johnson Controls International from $140.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 9th. Finally, Wolfe Research restated an “outperform” rating and issued a $171.00 price target on shares of Johnson Controls International in a research note on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $152.85.

Johnson Controls International Stock Up 0.2%

Shares of NYSE JCI opened at $145.07 on Monday. The company has a quick ratio of 0.85, a current ratio of 1.04 and a debt-to-equity ratio of 0.64. Johnson Controls International plc has a 52 week low of $100.86 and a 52 week high of $149.38. The firm has a 50-day moving average price of $141.48 and a 200 day moving average price of $131.88. The stock has a market capitalization of $88.51 billion, a price-to-earnings ratio of 25.95, a price-to-earnings-growth ratio of 1.56 and a beta of 1.33.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Tuesday, March 31st. The company reported $1.19 EPS for the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. The firm had revenue of $6.14 billion for the quarter. Equities research analysts anticipate that Johnson Controls International plc will post 4.89 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Johnson Controls International’s payout ratio is 28.62%.

Insider Buying and Selling

In related news, VP Lei Zhang Schlitz sold 88,809 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $140.99, for a total value of $12,521,180.91. Following the sale, the vice president owned 57,059 shares in the company, valued at $8,044,748.41. This represents a 60.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Todd M. Grabowski sold 1,800 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total value of $263,160.00. Following the completion of the transaction, the vice president directly owned 26,215 shares of the company’s stock, valued at $3,832,633. The trade was a 6.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.29% of the company’s stock.

Johnson Controls International 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.