Johnson Controls International plc $JCI Shares Sold by Arjuna Capital

Arjuna Capital lessened its holdings in Johnson Controls International plc (NYSE:JCI) by 79.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,061 shares of the company’s stock after selling 23,263 shares during the quarter. Arjuna Capital’s holdings in Johnson Controls International were worth $726,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in JCI. Brighton Jones LLC acquired a new stake in Johnson Controls International in the fourth quarter worth approximately $222,000. Acadian Asset Management LLC acquired a new stake in Johnson Controls International in the 1st quarter valued at about $55,000. Sivia Capital Partners LLC lifted its position in shares of Johnson Controls International by 83.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 7,049 shares of the company’s stock valued at $745,000 after acquiring an additional 3,203 shares during the last quarter. Jump Financial LLC lifted its position in shares of Johnson Controls International by 3.5% during the 2nd quarter. Jump Financial LLC now owns 12,578 shares of the company’s stock valued at $1,328,000 after acquiring an additional 425 shares during the last quarter. Finally, Federated Hermes Inc. lifted its position in shares of Johnson Controls International by 120.7% during the 2nd quarter. Federated Hermes Inc. now owns 12,359 shares of the company’s stock valued at $1,305,000 after acquiring an additional 6,760 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on JCI. HSBC increased their price target on shares of Johnson Controls International from $127.00 to $136.00 in a research report on Thursday, May 7th. BNP Paribas Exane assumed coverage on Johnson Controls International in a report on Tuesday, April 14th. They set an “underperform” rating and a $120.00 price objective for the company. Barclays raised their price objective on shares of Johnson Controls International from $136.00 to $144.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Morgan Stanley raised their price objective on shares of Johnson Controls International from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, March 11th. Finally, Wolfe Research cut their target price on Johnson Controls International from $161.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday, April 8th. Eleven equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Johnson Controls International has an average rating of “Hold” and a consensus target price of $147.63.

Johnson Controls International Trading Down 1.4%

Shares of JCI opened at $143.01 on Friday. Johnson Controls International plc has a 12-month low of $96.01 and a 12-month high of $147.32. The company has a quick ratio of 0.85, a current ratio of 1.04 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $87.25 billion, a price-to-earnings ratio of 25.58, a P/E/G ratio of 1.60 and a beta of 1.37. The stock’s 50-day moving average price is $137.41 and its 200 day moving average price is $127.43.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $1.19 earnings per share (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. As a group, research analysts predict that Johnson Controls International plc will post 4.87 earnings per share for the current year.

Johnson Controls International Dividend Announcement

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

Insider Activity

In other news, VP Daniel C. Mcconeghy sold 3,600 shares of the firm’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $142.56, for a total value of $513,216.00. Following the transaction, the vice president owned 24,273 shares of the company’s stock, valued at approximately $3,460,358.88. This trade represents a 12.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Lei Zhang Schlitz sold 88,809 shares of the firm’s stock in a transaction 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 completion of the transaction, the vice president owned 57,059 shares in the company, valued at $8,044,748.41. This represents a 60.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.29% of the stock is currently owned by company insiders.

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.