5 Smart Home Technology Stocks To Buy Today

In this article, we discuss 5 smart home technology stocks to buy today. If you want our detailed analysis of these stocks, go directly to 10 Smart Home Technology Stocks To Buy Today. 

5. Johnson Controls International plc (NYSE:JCI)

Number of Hedge Fund Holders: 42

Johnson Controls International plc (NYSE:JCI) is an Irish multinational conglomerate that offers climate control, facility management, and fire alarm and suppression for residential and commercial buildings.

On February 2, Johnson Controls International plc (NYSE:JCI) reported its Q4 financial results. The company posted earnings per share of $0.54, beating estimates by $0.01. The $5.86 billion revenue surpassed market consensus by $75.10 million.

Mizuho analyst Brett Linzey on February 3 set an $88 price target on Johnson Controls International plc (NYSE:JCI) and kept a Buy rating on the shares post the fiscal Q1 results. Johnson Controls International plc (NYSE:JCI) continues to make progress on the various commercial initiatives taking place across the organization, the analyst told investors in a research note.

In the fourth quarter of 2021, 42 hedge funds were long Johnson Controls International plc (NYSE:JCI), with combined stakes valued at $1.2 billion. Holocene Advisors held the largest stake in Johnson Controls International plc (NYSE:JCI) as of December 2021, with roughly 3.2 million shares worth $267.5 million. 

Here is what Oakmark Global Fund has to say about Johnson Controls International plc (NYSE:JCI) in its Q4 2021 investor letter:

“Our U.S. final sale was Johnson Controls, a leading global supplier of fire detection and HVAC (heating, ventilation and air conditioning) systems. We originally purchased the shares believing that the new management team had the potential to improve profit margins meaningfully. Management has made progress on this goal, but part of this progress must be attributed to Covid-19. The pandemic inspired building owners to invest aggressively in new air handling and filtration systems, a Johnson Controls specialty. Management also executed a well-timed portfolio transaction, selling the company’s traditional car battery business for a good price before the trend favoring automotive electrification became dominant. The company’s stock has performed well over the past year, and we sold the Fund’s shares to reinvest in undervalued holdings.”