Johnson Controls International plc (NYSE:JCI) Holdings Reduced by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC cut its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 19.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,014 shares of the company's stock after selling 3,696 shares during the period. Axxcess Wealth Management LLC's holdings in Johnson Controls International were worth $1,203,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Cornerstone Planning Group LLC lifted its holdings in shares of Johnson Controls International by 74.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 363 shares of the company's stock valued at $28,000 after acquiring an additional 155 shares in the last quarter. Community Bank N.A. acquired a new position in shares of Johnson Controls International during the 1st quarter valued at $32,000. Crowley Wealth Management Inc. acquired a new position in shares of Johnson Controls International during the 4th quarter valued at $42,000. Rossby Financial LCC acquired a new position in shares of Johnson Controls International during the 1st quarter valued at $42,000. Finally, Bartlett & CO. Wealth Management LLC acquired a new position in shares of Johnson Controls International during the 1st quarter valued at $43,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Johnson Controls International

In related news, VP Anuruddha Rathninde sold 15,000 shares of the business's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $103.13, for a total transaction of $1,546,950.00. Following the completion of the sale, the vice president owned 42,574 shares of the company's stock, valued at $4,390,656.62. This represents a 26.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Marc Vandiepenbeeck sold 28,289 shares of the company's stock in a transaction dated 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 owned 147,673 shares of the company's stock, valued at approximately $13,426,429.16. This trade represents a 16.08% decrease in their position. The disclosure for this sale can be found here. Insiders sold 147,555 shares of company stock worth $13,705,106 in the last quarter. 0.54% of the stock is currently owned by corporate insiders.

Johnson Controls International Stock Performance

Shares of NYSE:JCI traded down $0.51 during trading on Friday, reaching $105.82. 2,234,200 shares of the company's stock traded hands, compared to its average volume of 4,340,707. 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 12 month low of $64.31 and a 12 month high of $107.20. The company has a 50 day moving average of $100.92 and a 200-day moving average of $87.93. The stock has a market capitalization of $69.63 billion, a P/E ratio of 28.22, a price-to-earnings-growth ratio of 1.95 and a beta of 1.31.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.82 earnings per share for the quarter, beating analysts' consensus estimates of $0.77 by $0.05. Johnson Controls International had a net margin of 10.19% and a return on equity of 15.13%. The business had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.64 billion. During the same quarter in the prior year, the firm earned $0.78 EPS. The company's revenue for the quarter was up 1.4% compared to the same quarter last year. On average, equities analysts expect that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International declared that its board has approved 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 stock through open market purchases. Stock repurchase programs are often an indication that the company's management 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. Investors of record on Monday, June 23rd will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend is Monday, June 23rd. Johnson Controls International's dividend payout ratio is presently 39.47%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Vertical Research upgraded shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 target price on the stock in a report on Thursday, May 8th. Wells Fargo & Company boosted their price objective on shares of Johnson Controls International from $100.00 to $130.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Morgan Stanley boosted their price objective on shares of Johnson Controls International from $105.00 to $115.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Royal Bank Of Canada boosted their price objective on shares of Johnson Controls International from $82.00 to $98.00 and gave the stock a "sector perform" rating in a report on Thursday, May 8th. Finally, Barclays boosted their price objective on shares of Johnson Controls International from $90.00 to $100.00 and gave the stock an "equal weight" rating in a report on Wednesday. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price 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.