Electron Capital Partners LLC Cuts Position in Johnson Controls International plc $JCI

Electron Capital Partners LLC trimmed its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 59.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 463,901 shares of the company’s stock after selling 675,690 shares during the period. Johnson Controls International comprises 2.4% of Electron Capital Partners LLC’s investment portfolio, making the stock its 12th largest position. Electron Capital Partners LLC’s holdings in Johnson Controls International were worth $60,748,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Strategic Investment Advisors MI increased its stake in Johnson Controls International by 1.5% during the 4th quarter. Strategic Investment Advisors MI now owns 5,389 shares of the company’s stock worth $645,000 after buying an additional 78 shares during the period. UMB Bank n.a. grew its position in shares of Johnson Controls International by 2.5% in the 4th quarter. UMB Bank n.a. now owns 3,261 shares of the company’s stock worth $391,000 after acquiring an additional 79 shares in the last quarter. Lcnb Corp increased its stake in Johnson Controls International by 4.0% during the fourth quarter. Lcnb Corp now owns 2,094 shares of the company’s stock valued at $251,000 after purchasing an additional 81 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its stake in Johnson Controls International by 6.9% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,257 shares of the company’s stock worth $165,000 after acquiring an additional 81 shares during the period. Finally, Moss Adams Wealth Advisors LLC raised its position in shares of Johnson Controls International by 4.8% during the 1st quarter. Moss Adams Wealth Advisors LLC now owns 1,888 shares of the company’s stock worth $248,000 after purchasing an additional 86 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Insider Buying and Selling

In other Johnson Controls International news, VP Lei Zhang Schlitz sold 88,809 shares of the stock in a transaction on 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 of the company’s stock, valued at approximately $8,044,748.41. This trade represents a 60.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Todd M. Grabowski sold 1,800 shares of the business’s stock in a transaction on Tuesday, June 9th. The stock was 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 directly owned 26,215 shares in the company, valued at $3,832,633. This represents a 6.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Johnson Controls International in a research report on Tuesday, June 9th. Oppenheimer reiterated a “market perform” rating on shares of Johnson Controls International in a research report on Tuesday, June 2nd. The Goldman Sachs Group upped their target price on shares of Johnson Controls International from $169.00 to $178.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Jefferies Financial Group raised their price target on shares of Johnson Controls International from $125.00 to $135.00 and gave the company a “hold” rating in a research note on Wednesday, April 15th. Finally, Morgan Stanley lifted their price target on Johnson Controls International from $140.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, June 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Johnson Controls International presently has an average rating of “Moderate Buy” and a consensus price target of $152.85.

Johnson Controls International Stock Performance

JCI stock opened at $143.35 on Tuesday. The company has a 50-day simple moving average of $141.96 and a 200 day simple moving average of $136.33. The company has a market capitalization of $87.46 billion, a P/E ratio of 25.64, a PEG ratio of 1.54 and a beta of 1.31. 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 fifty-two week low of $102.09 and a fifty-two week high of $151.18.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Tuesday, March 31st. The company reported $1.19 EPS for the quarter. The company had revenue of $6.14 billion for the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. Sell-side analysts predict that Johnson Controls International plc will post 4.9 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 15th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Monday, June 15th. Johnson Controls International’s dividend payout ratio is 28.62%.

About Johnson Controls International

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.