Johnson Controls International plc $JCI Stake Reduced by Varenne Capital Partners

Varenne Capital Partners trimmed its holdings in Johnson Controls International plc (NYSE:JCI) by 34.0% in the second quarter, Holdings Channel.com reports. The fund owned 33,223 shares of the company’s stock after selling 17,098 shares during the period. Johnson Controls International comprises 0.8% of Varenne Capital Partners’ portfolio, making the stock its 23rd biggest holding. Varenne Capital Partners’ holdings in Johnson Controls International were worth $4,851,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in JCI. NBH Bank bought a new stake in shares of Johnson Controls International in the 2nd quarter worth approximately $29,000. Mcguire Capital Advisors Inc. acquired a new stake in Johnson Controls International during the fourth quarter valued at approximately $27,000. Fourth Dimension Wealth LLC boosted its holdings in Johnson Controls International by 51.3% during 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 in the last quarter. First Bancorp Inc ME bought a new stake in Johnson Controls International during the second quarter worth approximately $34,000. Finally, Twin Tree Management LP grew 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 last quarter. Institutional investors own 90.05% of the company’s stock.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, VP Lei Schlitz sold 23,417 shares of Johnson Controls International stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the transaction, the vice president owned 15,017 shares of the company’s stock, valued at $2,298,652.19. The trade was a 60.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Todd M. Grabowski sold 1,800 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total value of $263,160.00. Following the completion of the transaction, the vice president owned 26,215 shares in the company, valued at $3,832,633. This represents a 6.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on JCI. Citigroup upped their price target on Johnson Controls International from $155.00 to $157.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. Royal Bank Of Canada lifted their target price on Johnson Controls International from $154.00 to $161.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. Morgan Stanley boosted their target price on Johnson Controls International from $175.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Johnson Controls International in a report on Tuesday, June 9th. Finally, The Goldman Sachs Group increased their price target on Johnson Controls International from $169.00 to $178.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Twelve analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $155.75.

Johnson Controls International Stock Down 0.0%

Shares of NYSE:JCI opened at $144.87 on Monday. The firm has a 50 day simple moving average of $144.69 and a 200 day simple moving average of $141.30. Johnson Controls International plc has a 52 week low of $104.03 and a 52 week high of $157.06. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.83 and a current ratio of 1.00. The company has a market cap 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.

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

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.