SIR Capital Management L.P. Cuts Holdings in Johnson Controls International plc $JCI

SIR Capital Management L.P. decreased its stake in shares of Johnson Controls International plc (NYSE:JCI) by 28.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,467 shares of the company’s stock after selling 19,600 shares during the quarter. SIR Capital Management L.P.’s holdings in Johnson Controls International were worth $5,924,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Regents Gate Capital LLP boosted its position in shares of Johnson Controls International by 17.4% during the 3rd quarter. Regents Gate Capital LLP now owns 86,144 shares of the company’s stock worth $9,472,000 after acquiring an additional 12,774 shares in the last quarter. Bright Futures Wealth Management LLC. acquired a new position in shares of Johnson Controls International during the 3rd quarter worth about $583,000. Elo Mutual Pension Insurance Co boosted its position in shares of Johnson Controls International by 23.7% during the 3rd quarter. Elo Mutual Pension Insurance Co now owns 75,021 shares of the company’s stock worth $8,249,000 after acquiring an additional 14,354 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of Johnson Controls International by 6.7% during the 4th quarter. Nordea Investment Management AB now owns 2,276,753 shares of the company’s stock worth $274,235,000 after acquiring an additional 142,429 shares in the last quarter. Finally, Kepler Cheuvreux Suisse SA acquired a new position in shares of Johnson Controls International during the 3rd quarter worth about $2,345,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Insider Buying and Selling

In other news, VP Lei Zhang Schlitz sold 88,809 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $140.99, for a total transaction of $12,521,180.91. Following the transaction, the vice president directly owned 57,059 shares in the company, valued at approximately $8,044,748.41. This trade represents a 60.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Todd M. Grabowski sold 1,800 shares of the firm’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 transaction, the vice president owned 26,215 shares in the company, valued at approximately $3,832,633. This trade represents a 6.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.29% of the company’s stock.

Johnson Controls International Stock Performance

Shares of JCI opened at $144.83 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64. The firm has a market cap of $88.36 billion, a PE ratio of 25.91, a price-to-earnings-growth ratio of 1.56 and a beta of 1.32. The company’s 50 day simple moving average is $140.40 and its 200-day simple moving average is $130.73. Johnson Controls International plc has a 12-month low of $100.86 and a 12-month high of $149.10.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Tuesday, March 31st. The company reported $1.19 earnings per share (EPS) for the quarter. The business had revenue of $6.14 billion for the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. As a group, equities analysts predict that Johnson Controls International plc will post 4.86 EPS for the current year.

Johnson Controls International Dividend Announcement

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%.

Analyst Upgrades and Downgrades

JCI has been the subject of several analyst reports. Barclays upped their price objective on Johnson Controls International from $136.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Johnson Controls International in a research report on Tuesday. Wall Street Zen raised Johnson Controls International from a “hold” rating to a “buy” rating in a research report on Sunday, May 3rd. The Goldman Sachs Group upped their price objective on Johnson Controls International from $169.00 to $178.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Finally, UBS Group upped their price objective on Johnson Controls International from $170.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $152.85.

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.