Childress Capital Advisors LLC Makes New $202,000 Investment in Johnson Controls International plc (NYSE:JCI)

Childress Capital Advisors LLC acquired a new position in Johnson Controls International plc (NYSE:JCI - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 2,516 shares of the company's stock, valued at approximately $202,000.

Several other hedge funds have also recently made changes to their positions in JCI. SBI Securities Co. Ltd. purchased a new position in Johnson Controls International during the fourth quarter valued at $29,000. Community Bank N.A. purchased a new position in Johnson Controls International in the 1st quarter worth about $32,000. Crowley Wealth Management Inc. purchased a new stake in shares of Johnson Controls International in the fourth quarter valued at approximately $42,000. Gables Capital Management Inc. lifted its holdings in shares of Johnson Controls International by 132.0% in the 4th quarter. Gables Capital Management Inc. now owns 580 shares of the company's stock worth $46,000 after buying an additional 330 shares during the period. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Johnson Controls International in the 4th quarter worth approximately $48,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Johnson Controls International news, VP Anuruddha Rathninde sold 15,000 shares of Johnson Controls International stock in a transaction dated 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 transaction, the vice president now owns 42,574 shares in the company, valued at $4,390,656.62. The trade was a 26.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $100.90, for a total transaction of $143,479.80. Following the transaction, the vice president now owns 143,282 shares in the company, valued at approximately $14,457,153.80. This trade represents a 0.98% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 147,555 shares of company stock worth $13,669,414. Company insiders own 0.54% of the company's stock.

Johnson Controls International Price Performance

Shares of JCI stock traded up $0.29 during trading hours on Tuesday, hitting $103.64. 2,830,969 shares of the company's stock were exchanged, compared to its average volume of 4,305,914. The stock's 50-day moving average is $93.89 and its 200-day moving average is $85.72. The stock has a market cap of $68.20 billion, a price-to-earnings ratio of 27.64, a price-to-earnings-growth ratio of 2.26 and a beta of 1.33. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.81. Johnson Controls International plc has a 52 week low of $64.31 and a 52 week high of $105.19.

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

Johnson Controls International announced that its Board of Directors has authorized a stock repurchase program on Friday, June 13th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to reacquire up to 13.4% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board believes its stock is undervalued.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 23rd will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Monday, June 23rd. Johnson Controls International's payout ratio is presently 39.47%.

Analyst Ratings Changes

Several research firms have issued reports on JCI. Oppenheimer lowered shares of Johnson Controls International from an "outperform" rating to a "market perform" rating in a report on Friday. Deutsche Bank Aktiengesellschaft upgraded Johnson Controls International from a "hold" rating to a "buy" rating and upped their target price for the stock from $101.00 to $112.00 in a research note on Monday, May 12th. Barclays increased their target price on shares of Johnson Controls International from $85.00 to $90.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 14th. Robert W. Baird upped their price objective on shares of Johnson Controls International from $84.00 to $90.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Finally, Royal Bank Of Canada increased their target price on shares of Johnson Controls International from $82.00 to $98.00 and gave the company a "sector perform" rating in a research report on Thursday, May 8th. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Johnson Controls International currently has a consensus rating of "Moderate Buy" and an average target price of $97.88.

Johnson Controls International Company 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.