Hudson Edge Investment Partners Inc. Trims Stake in Johnson Controls International plc (NYSE:JCI)

Hudson Edge Investment Partners Inc. lessened its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 21.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,300 shares of the company’s stock after selling 1,469 shares during the quarter. Hudson Edge Investment Partners Inc.’s holdings in Johnson Controls International were worth $418,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Bradley Foster & Sargent Inc. CT grew its stake in Johnson Controls International by 1.9% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 30,374 shares of the company’s stock valued at $2,397,000 after acquiring an additional 554 shares in the last quarter. ING Groep NV bought a new stake in shares of Johnson Controls International in the 4th quarter worth about $16,127,000. Handelsbanken Fonder AB lifted its stake in Johnson Controls International by 27.7% in the fourth quarter. Handelsbanken Fonder AB now owns 60,124 shares of the company’s stock worth $4,746,000 after purchasing an additional 13,024 shares during the last quarter. Abacus Planning Group Inc. purchased a new position in Johnson Controls International during the 4th quarter valued at $204,000. Finally, TKG Advisors LLC bought a new stake in shares of Johnson Controls International during the fourth quarter worth $1,095,000. 90.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on JCI shares. Royal Bank of Canada lifted their target price on Johnson Controls International from $86.00 to $93.00 and gave the company a “sector perform” rating in a research report on Thursday, February 6th. Citigroup decreased their price target on shares of Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. Melius lowered Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price target on the stock. in a report on Tuesday, January 28th. StockNews.com lowered Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, UBS Group upgraded shares of Johnson Controls International from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $90.00 to $103.00 in a report on Monday, February 10th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $91.13.

Johnson Controls International Stock Performance

Shares of Johnson Controls International stock opened at $85.23 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02. Johnson Controls International plc has a 1 year low of $57.78 and a 1 year high of $91.14. The firm’s 50-day simple moving average is $82.06 and its 200-day simple moving average is $78.38. The firm has a market cap of $56.26 billion, a PE ratio of 32.53, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32.

Johnson Controls International (NYSE:JCI) last released its earnings results on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. Equities analysts forecast that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date was Monday, December 23rd. Johnson Controls International’s dividend payout ratio (DPR) is presently 56.49%.

Insider Activity

In other news, CEO George Oliver sold 162,894 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $89.28, for a total transaction of $14,543,176.32. Following the sale, the chief executive officer now directly owns 1,203,893 shares in the company, valued at approximately $107,483,567.04. The trade was a 11.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Marlon Sullivan sold 7,230 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total transaction of $602,620.50. Following the completion of the transaction, the executive vice president now directly owns 32,246 shares of the company’s stock, valued at $2,687,704.10. This trade represents a 18.31 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 719,004 shares of company stock worth $62,950,067. 0.54% of the stock is owned by corporate insiders.

Johnson Controls International Company Profile

Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.