Johnson Controls International plc $JCI Shares Sold by Varenne Capital Partners

Varenne Capital Partners lowered its holdings in Johnson Controls International plc (NYSE:JCI) by 34.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,223 shares of the company’s stock after selling 17,098 shares during the period. Johnson Controls International comprises about 0.8% of Varenne Capital Partners’ investment portfolio, making the stock its 23rd biggest holding. Varenne Capital Partners’ holdings in Johnson Controls International were worth $4,851,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Mcguire Capital Advisors Inc. bought a new stake in shares of Johnson Controls International in the 4th quarter worth approximately $27,000. NBH Bank bought a new position in Johnson Controls International during the 2nd quarter worth $29,000. Twin Tree Management LP increased its position in Johnson Controls International by 140.9% in the fourth 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 period. Fourth Dimension Wealth LLC increased its position in Johnson Controls International by 51.3% in the second quarter. Fourth Dimension Wealth LLC now owns 230 shares of the company’s stock worth $34,000 after buying an additional 78 shares during the period. Finally, First Bancorp Inc ME bought a new stake in Johnson Controls International in the second quarter valued at $34,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Johnson Controls International

In related news, VP Todd M. Grabowski sold 1,800 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total transaction of $263,160.00. Following the sale, the vice president owned 26,215 shares of the company’s stock, valued at $3,832,633. The trade was a 6.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Lei Schlitz sold 23,417 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the vice president owned 15,017 shares of the company’s stock, valued at $2,298,652.19. This trade represents a 60.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.29% of the stock is currently owned by insiders.

Johnson Controls International Trading Down 0.0%

Shares of JCI stock opened at $144.87 on Monday. Johnson Controls International plc has a 1 year low of $104.03 and a 1 year high of $157.06. The firm has a market capitalization of $87.75 billion, a PE ratio of 25.19, a price-to-earnings-growth ratio of 1.39 and a beta of 1.29. The stock has a fifty day moving average of $144.69 and a two-hundred day moving average of $141.30. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.83 and a current ratio of 1.00.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Argus set a $175.00 price target on shares of Johnson Controls International in a report on Friday, August 7th. Royal Bank Of Canada increased their price objective on shares of Johnson Controls International from $154.00 to $161.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Johnson Controls International in a research report on Tuesday, June 9th. Zacks Research lowered shares of Johnson Controls International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. Finally, Wolfe Research restated an “outperform” rating and issued a $171.00 target price on shares of Johnson Controls International in a research report on Wednesday, June 3rd. Twelve investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Johnson Controls International currently has a consensus rating of “Hold” and an average target price of $155.75.

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.