CWA Asset Management Group LLC acquired a new stake in Johnson Controls International plc (NYSE:JCI - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 3,078 shares of the company's stock, valued at approximately $247,000.
A number of other hedge funds have also made changes to their positions in JCI. SBI Securities Co. Ltd. acquired a new stake in Johnson Controls International during the 4th quarter worth approximately $29,000. Crowley Wealth Management Inc. acquired a new position in Johnson Controls International in the fourth quarter valued at about $42,000. Gables Capital Management Inc. raised its stake in Johnson Controls International by 132.0% in the fourth quarter. Gables Capital Management Inc. now owns 580 shares of the company's stock valued at $46,000 after purchasing an additional 330 shares in the last quarter. Flagship Wealth Advisors LLC acquired a new position in Johnson Controls International in the fourth quarter valued at about $48,000. Finally, Heck Capital Advisors LLC acquired a new position in Johnson Controls International during the fourth quarter worth about $48,000. Institutional investors and hedge funds own 90.05% of the company's stock.
Insider Activity
In other Johnson Controls International news, VP Nathan D. Manning sold 1,422 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $86.91, for a total transaction of $123,586.02. Following the sale, the vice president now owns 144,704 shares in the company, valued at $12,576,224.64. This represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Anuruddha Rathninde sold 15,000 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $103.13, for a total value of $1,546,950.00. Following the transaction, the vice president now directly owns 42,574 shares of the company's stock, valued at approximately $4,390,656.62. The trade was a 26.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 147,555 shares of company stock valued at $13,669,414 over the last quarter. Company insiders own 0.54% of the company's stock.
Johnson Controls International Stock Down 1.3%
Shares of JCI opened at $102.10 on Friday. The stock has a 50 day moving average price of $93.39 and a 200 day moving average price of $85.56. The stock has a market capitalization of $67.18 billion, a price-to-earnings ratio of 27.23, a PEG ratio of 2.24 and a beta of 1.33. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.81 and a current ratio of 0.96. Johnson Controls International plc has a one year low of $64.31 and a one year high of $105.19.
Johnson Controls International (NYSE:JCI - Get Free Report) last posted its 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. Johnson Controls International had a return on equity of 15.13% and a net margin of 10.19%. The firm had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.64 billion. During the same quarter in the prior year, the company earned $0.78 EPS. Johnson Controls International's revenue was up 1.4% on a year-over-year basis. Equities research analysts forecast that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.
Johnson Controls International announced that its board has authorized a stock buyback program on Friday, June 13th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 13.4% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its shares are undervalued.
Johnson Controls International Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 23rd will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Monday, June 23rd. Johnson Controls International's dividend payout ratio is currently 39.47%.
Analyst Ratings Changes
JCI has been the subject of several research analyst reports. Barclays boosted their target price on 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. Oppenheimer downgraded Johnson Controls International from an "outperform" rating to a "market perform" rating in a research note on Friday. Robert W. Baird upped their price objective on Johnson Controls International from $84.00 to $90.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Wells Fargo & Company upped their price objective on Johnson Controls International from $100.00 to $130.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Finally, Morgan Stanley upped their price objective on Johnson Controls International from $105.00 to $115.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $97.88.
Read Our Latest Analysis on JCI
Johnson Controls International Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding JCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Johnson Controls International plc (NYSE:JCI - Free Report).
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