Corient Private Wealth LLC Trims Stock Holdings in Johnson Controls International plc $JCI

Key Points

• Corient Private Wealth LLC reduced its Johnson Controls International stake by 11.5% in the fourth quarter, selling 46,414 shares and leaving it with 358,907 shares valued at about $42.98 million.
• Other institutional activity was mixed but generally bullish, with large investors like Norges Bank, Viking Global, and Invesco reporting significant positions in the company. Overall, institutional and hedge funds own about 90.05% of Johnson Controls stock.
• Johnson Controls recently declared a quarterly dividend of $0.40 per share, payable July 10, and analysts currently rate the stock Moderate Buy with an average price target of $152.85.

Corient Private Wealth LLC lowered its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 11.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 358,907 shares of the company's stock after selling 46,414 shares during the quarter. Corient Private Wealth LLC owned about 0.06% of Johnson Controls International worth $42,980,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Johnson Controls International in the fourth quarter worth about $927,739,000. Viking Global Investors LP boosted its position in Johnson Controls International by 368.5% in the third quarter. Viking Global Investors LP now owns 6,796,942 shares of the company's stock valued at $747,324,000 after buying an additional 5,346,130 shares during the last quarter. Ameriprise Financial Inc. increased its holdings 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 worth $483,281,000 after buying an additional 2,675,157 shares during the period. Invesco Ltd. increased its holdings in Johnson Controls International by 13.0% in the 4th quarter. Invesco Ltd. now owns 16,003,486 shares of the company's stock worth $1,916,417,000 after buying an additional 1,837,220 shares during the period. Finally, Balyasny Asset Management L.P. raised its position in Johnson Controls International by 93,932.4% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,809,184 shares of the company's stock worth $216,650,000 after buying an additional 1,807,260 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Evercore assumed coverage on shares of Johnson Controls International in a research note on Monday, April 13th. They set a "hold" rating and a $155.00 price objective for the company. Sanford C. Bernstein initiated coverage on shares of Johnson Controls International in a research note on Tuesday, June 9th. They issued an "outperform" rating and a $176.00 price objective on the stock. Oppenheimer reissued a "market perform" rating on shares of Johnson Controls International in a report on Tuesday, June 2nd. Citigroup boosted their target price on shares of Johnson Controls International from $150.00 to $155.00 and gave the company a "neutral" rating in a research report on Thursday, May 7th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $154.00 price target on shares of Johnson Controls International in a report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $152.85.

Insider Activity at Johnson Controls International

In related news, VP Lei Zhang Schlitz sold 88,809 shares of the company's stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $140.99, for a total value of $12,521,180.91. Following the completion of the sale, the vice president owned 57,059 shares of the company's stock, valued at approximately $8,044,748.41. This represents a 60.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Todd M. Grabowski sold 1,800 shares of Johnson Controls International stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total transaction of $263,160.00. Following the transaction, the vice president directly owned 26,215 shares in the company, valued at $3,832,633. This trade represents a 6.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.29% of the stock is currently owned by insiders.

Johnson Controls International Trading Up 0.2%

Johnson Controls International stock opened at $145.07 on Monday. The company has a current ratio of 1.04, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64. Johnson Controls International plc has a 12 month low of $100.86 and a 12 month high of $149.38. The stock's 50 day simple moving average is $141.48 and its two-hundred day simple moving average is $131.88. The firm has a market cap of $88.51 billion, a PE ratio of 25.95, a P/E/G ratio of 1.56 and a beta of 1.33.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its earnings results on Tuesday, March 31st. The company reported $1.19 earnings per share 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 during the quarter. Analysts anticipate that Johnson Controls International plc will post 4.89 earnings per share for the current year.

Johnson Controls International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 15th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, June 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Johnson Controls International's dividend payout ratio (DPR) is 28.62%.

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.

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