Secured Retirement Advisors LLC Buys Shares of 10,059 Johnson Controls International plc (NYSE:JCI)

Secured Retirement Advisors LLC purchased a new position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,059 shares of the company's stock, valued at approximately $806,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Brighton Jones LLC purchased a new position in Johnson Controls International in the fourth quarter valued at approximately $222,000. Bank Pictet & Cie Europe AG grew its position in shares of Johnson Controls International by 67.4% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 88,569 shares of the company's stock valued at $6,991,000 after buying an additional 35,655 shares during the last quarter. Proficio Capital Partners LLC raised its stake in Johnson Controls International by 26.0% during the 4th quarter. Proficio Capital Partners LLC now owns 6,139 shares of the company's stock worth $485,000 after acquiring an additional 1,266 shares in the last quarter. Independent Advisor Alliance lifted its position in Johnson Controls International by 47.6% in the fourth quarter. Independent Advisor Alliance now owns 8,454 shares of the company's stock valued at $667,000 after acquiring an additional 2,725 shares during the last quarter. Finally, Citizens Financial Group Inc. RI lifted its position in Johnson Controls International by 11.9% in the fourth quarter. Citizens Financial Group Inc. RI now owns 3,150 shares of the company's stock valued at $249,000 after acquiring an additional 336 shares during the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Johnson Controls International Price Performance

Shares of JCI traded down $0.51 during mid-day trading on Friday, hitting $105.82. The company's stock had a trading volume of 2,234,200 shares, compared to its average volume of 4,348,170. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.48. Johnson Controls International plc has a 1-year low of $64.31 and a 1-year high of $107.20. The firm has a market capitalization of $69.63 billion, a P/E ratio of 28.22, a P/E/G ratio of 1.94 and a beta of 1.31. The firm has a 50-day simple moving average of $100.92 and a 200 day simple moving average of $87.98.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.77 by $0.05. The company had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.64 billion. Johnson Controls International had a net margin of 10.19% and a return on equity of 15.13%. The business's revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.78 EPS. Analysts predict that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International announced that its board has approved a stock repurchase plan on Friday, June 13th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 13.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its shares are undervalued.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 23rd will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.40%. The ex-dividend date is Monday, June 23rd. Johnson Controls International's payout ratio is currently 39.47%.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, VP Anuruddha Rathninde sold 15,000 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $103.13, for a total value of $1,546,950.00. Following the sale, the vice president owned 42,574 shares of the company's stock, valued at approximately $4,390,656.62. This represents a 26.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director George Oliver sold 100,000 shares of Johnson Controls International stock in a transaction on Friday, May 9th. The stock was sold at an average price of $91.70, for a total value of $9,170,000.00. Following the transaction, the director directly owned 904,305 shares of the company's stock, valued at $82,924,768.50. This trade represents a 9.96% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 147,555 shares of company stock valued at $13,705,106. Company insiders own 0.54% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Citigroup reduced their target price on Johnson Controls International from $95.00 to $85.00 and set a "neutral" rating for the company in a report on Monday, April 14th. The Goldman Sachs Group increased their price objective on Johnson Controls International from $103.00 to $116.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Oppenheimer lowered shares of Johnson Controls International from an "outperform" rating to a "market perform" rating in a research report on Friday, June 20th. UBS Group reiterated a "buy" rating and issued a $116.00 price target (up previously from $103.00) on shares of Johnson Controls International in a research report on Thursday, May 22nd. Finally, Barclays increased their price target on shares of Johnson Controls International from $90.00 to $100.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $100.53.

Johnson Controls International Profile

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.