Hudson Edge Investment Partners Inc. Sells 1,469 Shares of Johnson Controls International plc (NYSE:JCI)

Hudson Edge Investment Partners Inc. reduced its holdings in Johnson Controls International plc (NYSE:JCI) by 21.7% during the fourth quarter, according to the company in its most recent 13F filing with the 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 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Park Avenue Securities LLC boosted its holdings in Johnson Controls International by 101.5% in the fourth quarter. Park Avenue Securities LLC now owns 26,517 shares of the company’s stock valued at $2,093,000 after acquiring an additional 13,360 shares in the last quarter. Certuity LLC bought a new stake in shares of Johnson Controls International during the 4th quarter valued at about $243,000. Y Intercept Hong Kong Ltd increased its position in shares of Johnson Controls International by 136.8% during the third quarter. Y Intercept Hong Kong Ltd now owns 91,248 shares of the company’s stock valued at $7,082,000 after buying an additional 52,719 shares during the period. Geode Capital Management LLC raised its stake in Johnson Controls International by 0.5% in the third quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company’s stock worth $1,041,822,000 after buying an additional 71,493 shares in the last quarter. Finally, BNC Wealth Management LLC purchased a new stake in Johnson Controls International in the fourth quarter worth about $2,093,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

JCI has been the topic of a number of research analyst reports. Citigroup reduced their target price on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. StockNews.com cut Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. raised their price objective on Johnson Controls International from $87.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Argus raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research report on Friday, December 20th. Finally, Oppenheimer increased their price target on shares of Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $91.13.

Johnson Controls International Stock Performance

JCI stock opened at $85.23 on Friday. The stock’s 50 day simple moving average is $82.06 and its 200 day simple moving average is $78.38. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. Johnson Controls International plc has a 12-month low of $57.78 and a 12-month high of $91.14. The stock has a market capitalization 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 announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) 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%. As a group, research 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 issued a dividend of $0.37 per share. 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 payout ratio is presently 56.49%.

Insider Transactions at Johnson Controls International

In other news, CEO George Oliver sold 162,894 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 1,203,893 shares of the company’s stock, valued at $107,483,567.04. This represents a 11.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Daniel C. Mcconeghy sold 1,950 shares of Johnson Controls International stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $87.73, for a total value of $171,073.50. Following the completion of the sale, the vice president now directly owns 24,803 shares of the company’s stock, valued at $2,175,967.19. The trade was a 7.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 719,004 shares of company stock worth $62,950,067 over the last three months. 0.54% of the stock is currently owned by company insiders.

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.