Johnson Controls International plc $JCI Shares Sold by Curated Wealth Partners LLC

Key Points

• Curated Wealth Partners cut its Johnson Controls stake by 97.8% in the third quarter, selling 248,127 shares and retaining 5,478 shares valued at approximately $814,000. Institutional investors collectively own 90.05% of JCI.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $163.05; recent targets range from $165 to $180.
• Johnson Controls exceeded quarterly expectations, reporting $1.42 in EPS and $6.61 billion in revenue, up 9.3% year over year. The company also declared a quarterly dividend of $0.40 per share, representing a 1.1% yield.

Curated Wealth Partners LLC trimmed its holdings in Johnson Controls International plc (NYSE:JCI - Free Report) by 97.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,478 shares of the company's stock after selling 248,127 shares during the period. Curated Wealth Partners LLC's holdings in Johnson Controls International were worth $814,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. First County Bank CT increased its stake in shares of Johnson Controls International by 4.2% in the third quarter. First County Bank CT now owns 1,699 shares of the company's stock worth $253,000 after buying an additional 68 shares during the last quarter. Natural Investments LLC raised its holdings in Johnson Controls International by 2.5% in the second quarter. Natural Investments LLC now owns 3,008 shares of the company's stock valued at $439,000 after acquiring an additional 72 shares in the last quarter. Everhart Financial Group Inc. raised its holdings in Johnson Controls International by 1.1% in the third quarter. Everhart Financial Group Inc. now owns 6,355 shares of the company's stock valued at $945,000 after acquiring an additional 72 shares in the last quarter. Baron Wealth Management LLC boosted its stake in Johnson Controls International by 1.6% during the 2nd quarter. Baron Wealth Management LLC now owns 4,705 shares of the company's stock valued at $687,000 after acquiring an additional 75 shares during the last quarter. Finally, Diversify Wealth Management LLC boosted its stake in Johnson Controls International by 2.0% during the 2nd quarter. Diversify Wealth Management LLC now owns 3,868 shares of the company's stock valued at $555,000 after acquiring an additional 76 shares during the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on JCI. Wall Street Zen lowered shares of Johnson Controls International from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Citigroup upped their target price on shares of Johnson Controls International from $157.00 to $170.00 and gave the company a "neutral" rating in a research note on Monday. UBS Group restated a "buy" rating on shares of Johnson Controls International in a research note on Wednesday, September 16th. Mizuho increased their price target on shares of Johnson Controls International from $150.00 to $165.00 and gave the stock a "neutral" rating in a research report on Thursday. Finally, Morgan Stanley increased their price target on shares of Johnson Controls International from $175.00 to $180.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $163.05.

Johnson Controls International Stock Down 3.3%

NYSE:JCI opened at $147.46 on Friday. The firm has a market capitalization of $89.32 billion, a PE ratio of 32.03, a price-to-earnings-growth ratio of 1.14 and a beta of 1.27. The stock has a 50 day moving average of $147.50 and a 200-day moving average of $143.64. Johnson Controls International plc has a 52 week low of $107.77 and a 52 week high of $160.41. 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 - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.42 earnings per share 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 business had revenue of $6.61 billion for the quarter, compared to analysts' expectations of $6.46 billion. During the same period in the prior year, the firm earned $1.05 EPS. The business's quarterly revenue was up 9.3% on a year-over-year basis. Analysts predict that Johnson Controls International plc will post 5.08 EPS for the current year.

Johnson Controls International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Monday, September 21st will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a $1.60 annualized dividend and a yield of 1.1%. Johnson Controls International's dividend payout ratio (DPR) is currently 27.83%.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, VP Lei Schlitz sold 23,417 shares of the firm's stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total value of $3,584,440.19. Following the sale, the vice president directly owned 15,017 shares in the company, valued at approximately $2,298,652.19. This trade represents a 60.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.29% of the company's stock.

Johnson Controls International Profile

Johnson Controls International plc NYSE: JCI is a global provider of building technology, products and services. The company helps commercial, institutional and industrial customers improve building performance, energy efficiency, safety and occupant comfort through integrated solutions.

Its offerings include heating, ventilation and air-conditioning systems; building automation and controls; fire detection and suppression equipment; security systems; energy management technologies; and related service, maintenance and digital solutions.

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