Is Johnson Controls International (JCI) A Smart Long-Term Buy?

Saturna Capital, an investment management firm, published its “Amana Funds” fourth-quarter 2021 investor letter – a copy of which can be downloaded here. For the fourth quarter of 2021, the Amana Income Fund Investor Shares returned 13.76% and the Institutional Shares returned 13.85%. The Amana Growth Fund sprinted to a strong finish in the fourth quarter, wrapping up an outstanding year by any measure. For the three months ended December 31, 2021, the Amana Growth Fund Investor Shares returned 14.41%, significantly outpacing the 6.91% Morningstar “Large Growth” category return, as well as the 11.03% return of the S&P 500. For the 2021 calendar year, Amana Developing World Fund Investor Shares returned 7.31% versus -2.54% for the MSCI Emerging Markets Index. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Saturna Capital Amana Funds, in its Q4 2021 investor letter, mentioned Johnson Controls International plc (NYSE: JCI) and discussed its stance on the firm. Founded in 1885, Johnson Controls International plc is a Cork, Ireland-based HVAC company with a $42.2 billion market capitalization, and is currently spearheaded by its CEO, George Oliver. JCI delivered a -26.00% return since the beginning of the year, while its 12-month returns are down by -0.10%. The stock closed at $60.17 per share on March 08, 2022.

Here is what Saturna Capital Amana Funds has to say about Johnson Controls International plc in its Q4 2021 investor letter:

“Given market strength, every sector provided positive returns during the quarter, led by Technology. Hardware and semiconductors were the primary contributors, although software performed better in terms of stock selection. Industrials, Consumer Staples, and Consumer Discretionary were standouts in terms of stock selection and outperformance versus the benchmark. Johnson Controls and railways led in Industrials.”

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Our calculations show that Johnson Controls International plc (NYSE: JCI) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. JCI was in 42 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 45 funds in the previous quarter. Johnson Controls International plc (NYSE: JCI) delivered a -24.35% return in the past 3 months.

In January 2022, we also shared another hedge fund’s views on JCI in another article. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.