Asset Management One Co. Ltd. Increases Position in Johnson Controls International plc (NYSE:JCI)

Asset Management One Co. Ltd. lifted its holdings in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 5.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 271,346 shares of the company's stock after acquiring an additional 14,824 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Johnson Controls International were worth $21,738,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Jackson Hole Capital Partners LLC increased its position in shares of Johnson Controls International by 0.7% during the fourth quarter. Jackson Hole Capital Partners LLC now owns 18,621 shares of the company's stock worth $1,470,000 after acquiring an additional 127 shares during the last quarter. SeaCrest Wealth Management LLC increased its position in shares of Johnson Controls International by 2.7% during the first quarter. SeaCrest Wealth Management LLC now owns 5,060 shares of the company's stock worth $405,000 after acquiring an additional 135 shares during the last quarter. Abacus Planning Group Inc. increased its position in shares of Johnson Controls International by 5.2% during the first quarter. Abacus Planning Group Inc. now owns 2,714 shares of the company's stock worth $217,000 after acquiring an additional 135 shares during the last quarter. HighPoint Advisor Group LLC increased its position in shares of Johnson Controls International by 1.8% during the fourth quarter. HighPoint Advisor Group LLC now owns 8,852 shares of the company's stock worth $699,000 after acquiring an additional 154 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its position in shares of Johnson Controls International by 10.6% during the first quarter. Exchange Traded Concepts LLC now owns 1,722 shares of the company's stock worth $138,000 after acquiring an additional 165 shares during the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Citigroup dropped their target price on Johnson Controls International from $95.00 to $85.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. JPMorgan Chase & Co. lifted their price target on Johnson Controls International from $81.00 to $98.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Robert W. Baird lifted their price target on Johnson Controls International from $84.00 to $90.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Wells Fargo & Company lifted their price target on Johnson Controls International from $100.00 to $130.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Finally, Barclays lifted their price target 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. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $97.88.

Johnson Controls International Stock Performance

Shares of JCI stock opened at $103.40 on Thursday. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.48. The business has a 50 day moving average of $94.92 and a two-hundred day moving average of $85.96. Johnson Controls International plc has a 52 week low of $64.31 and a 52 week high of $105.19. The company has a market cap of $68.04 billion, a P/E ratio of 27.57, a PEG ratio of 2.26 and a beta of 1.33.

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, beating analysts' consensus estimates 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 company had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.64 billion. During the same period in the previous year, the firm posted $0.78 earnings per share. Johnson Controls International's quarterly revenue was up 1.4% compared to the same quarter last year. As a group, analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Dividend Announcement

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 dividend of $0.37 per share. The ex-dividend date is Monday, June 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.43%. Johnson Controls International's dividend payout ratio is presently 39.47%.

Johnson Controls International announced that its board has authorized a share repurchase program on Friday, June 13th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to purchase up to 13.4% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.

Insider Transactions at Johnson Controls International

In other news, CFO Marc Vandiepenbeeck sold 28,289 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $90.92, for a total transaction of $2,572,035.88. Following the completion of the transaction, the chief financial officer now directly owns 147,673 shares in the company, valued at approximately $13,426,429.16. The trade was a 16.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Anuruddha Rathninde sold 15,000 shares of the company's stock in a transaction that occurred 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 completion of the sale, the vice president now owns 42,574 shares of the company's stock, valued at $4,390,656.62. This trade represents a 26.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, 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 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.

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