Cartenna Capital LP Trims Position in Johnson Controls International plc (NYSE:JCI)

Cartenna Capital LP lowered its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 46.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 442,777 shares of the company's stock after selling 382,223 shares during the quarter. Johnson Controls International makes up approximately 1.7% of Cartenna Capital LP's holdings, making the stock its 19th biggest holding. Cartenna Capital LP owned approximately 0.07% of Johnson Controls International worth $34,948,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC increased its position in Johnson Controls International by 6.7% during the third quarter. Barclays PLC now owns 1,685,322 shares of the company's stock worth $130,797,000 after purchasing an additional 105,194 shares during the last quarter. World Investment Advisors LLC purchased a new stake in shares of Johnson Controls International in the third quarter worth about $5,361,000. Sfmg LLC acquired a new stake in Johnson Controls International in the third quarter valued at approximately $210,000. Wilmington Savings Fund Society FSB lifted its position in shares of Johnson Controls International by 27.6% during the third quarter. Wilmington Savings Fund Society FSB now owns 223,989 shares of the company's stock worth $17,384,000 after purchasing an additional 48,416 shares in the last quarter. Finally, Peapack Gladstone Financial Corp boosted its stake in shares of Johnson Controls International by 8.6% in the third quarter. Peapack Gladstone Financial Corp now owns 9,669 shares of the company's stock valued at $751,000 after purchasing an additional 763 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Controls International Price Performance

Shares of NYSE JCI opened at $78.30 on Thursday. The business's fifty day moving average price is $80.52 and its two-hundred day moving average price is $80.79. The firm has a market capitalization of $51.69 billion, a PE ratio of 29.89, a P/E/G ratio of 1.96 and a beta of 1.22. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86. Johnson Controls International plc has a 1-year low of $59.83 and a 1-year high of $91.14.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. On average, research analysts expect that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 24th were paid a $0.37 dividend. The ex-dividend date was Monday, March 24th. This represents a $1.48 annualized dividend and a dividend yield of 1.89%. Johnson Controls International's payout ratio is 56.49%.

Insider Activity

In related news, VP Nathan D. Manning sold 1,421 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $76.44, for a total transaction of $108,621.24. Following the sale, the vice president now owns 148,346 shares of the company's stock, valued at $11,339,568.24. The trade was a 0.95 % 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, Director George Oliver sold 15,669 shares of the company's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $77.49, for a total value of $1,214,190.81. Following the completion of the sale, the director now owns 1,003,893 shares of the company's stock, valued at $77,791,668.57. This trade represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 907,286 shares of company stock valued at $77,938,071. Company insiders own 0.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on JCI. Barclays cut their price objective on shares of Johnson Controls International from $88.00 to $85.00 and set an "equal weight" rating on the stock in a report on Monday, March 10th. Royal Bank of Canada boosted their price target on Johnson Controls International from $86.00 to $93.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 6th. Citigroup lowered their price objective on Johnson Controls International from $95.00 to $85.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Morgan Stanley upped their target price on Johnson Controls International from $95.00 to $105.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Finally, Melius Research reissued a "hold" rating and set a $95.00 price target on shares of Johnson Controls International in a research report on Tuesday, January 28th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $90.07.

About Johnson Controls International

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.

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