NewEdge Advisors LLC Reduces Position in Johnson Controls International plc $JCI

NewEdge Advisors LLC lowered its stake in Johnson Controls International plc (NYSE:JCI) by 3.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 150,195 shares of the company’s stock after selling 4,921 shares during the period. NewEdge Advisors LLC’s holdings in Johnson Controls International were worth $19,668,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Maseco LLP raised its stake in shares of Johnson Controls International by 102.9% in the fourth quarter. Maseco LLP now owns 211 shares of the company’s stock worth $25,000 after purchasing an additional 107 shares during the last quarter. Mcguire Capital Advisors Inc. purchased a new position in Johnson Controls International during the 4th quarter worth approximately $27,000. Twin Tree Management LP raised its position in Johnson Controls International by 140.9% during the 4th quarter. Twin Tree Management LP now owns 260 shares of the company’s stock worth $31,000 after buying an additional 895 shares during the last quarter. SJS Investment Consulting Inc. lifted its stake in Johnson Controls International by 747.1% during the 1st quarter. SJS Investment Consulting Inc. now owns 288 shares of the company’s stock valued at $38,000 after acquiring an additional 254 shares during the period. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of Johnson Controls International in the 4th quarter valued at $38,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Johnson Controls International news, VP Lei Zhang Schlitz sold 23,417 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $153.07, for a total value of $3,584,440.19. Following the transaction, the vice president directly owned 15,017 shares of the company’s stock, valued at $2,298,652.19. This trade represents a 60.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Todd M. Grabowski sold 1,800 shares of the company’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 sale, the vice president owned 26,215 shares of the company’s stock, valued at $3,832,633. This trade represents a 6.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.29% of the company’s stock.

Wall Street Analyst Weigh In

JCI has been the topic of a number of research reports. The Goldman Sachs Group increased their price objective on shares of Johnson Controls International from $169.00 to $178.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Wolfe Research reaffirmed an “outperform” rating and issued a $171.00 price target on shares of Johnson Controls International in a report on Wednesday, June 3rd. Wells Fargo & Company increased their price target on Johnson Controls International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Royal Bank Of Canada boosted their price objective on Johnson Controls International from $154.00 to $161.00 and gave the company a “sector perform” rating in a report on Thursday, July 30th. Finally, HSBC raised their price target on shares of Johnson Controls International from $127.00 to $136.00 in a research report on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $154.80.

Johnson Controls International Price Performance

NYSE:JCI opened at $152.43 on Friday. The stock has a 50 day moving average of $143.93 and a two-hundred day moving average of $138.42. Johnson Controls International plc has a 12 month low of $103.07 and a 12 month high of $157.06. The firm has a market cap of $92.33 billion, a P/E ratio of 26.51, a price-to-earnings-growth ratio of 1.49 and a beta of 1.31. The company has a current ratio of 1.00, a quick ratio of 0.83 and a debt-to-equity ratio of 0.61.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.12. Johnson Controls International had a return on equity of 22.11% and a net margin of 14.32%.The firm had revenue of $6.61 billion for the quarter, compared to analyst estimates of $6.46 billion. During the same period in the previous year, the company posted $1.05 earnings per share. The business’s revenue was up 9.3% on a year-over-year basis. On average, analysts expect that Johnson Controls International plc will post 5.08 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 15th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Monday, June 15th. Johnson Controls International’s dividend payout ratio is 27.83%.

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.