Johnson Controls International plc (NYSE:JCI) Shares Sold by Beacon Investment Advisory Services Inc.

Beacon Investment Advisory Services Inc. decreased its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 39.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,091 shares of the company's stock after selling 2,717 shares during the quarter. Beacon Investment Advisory Services Inc.'s holdings in Johnson Controls International were worth $328,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of JCI. Cornerstone Planning Group LLC lifted its stake in 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 during the period. Community Bank N.A. acquired a new stake in Johnson Controls International during the 1st quarter valued at approximately $32,000. Rossby Financial LCC acquired a new stake in Johnson Controls International during the 1st quarter valued at approximately $42,000. Bartlett & CO. Wealth Management LLC acquired a new stake in Johnson Controls International during the 1st quarter valued at approximately $43,000. Finally, Heck Capital Advisors LLC acquired a new stake in Johnson Controls International during the 4th quarter valued at approximately $48,000. Institutional investors and hedge funds own 90.05% of the company's stock.

Insider Transactions at Johnson Controls International

In related news, Director George Oliver sold 100,000 shares of the stock in a transaction that occurred 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 completion of the sale, the director owned 904,305 shares of the company's stock, valued at approximately $82,924,768.50. This trade represents a 9.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Anuruddha Rathninde sold 15,000 shares of the stock in a transaction that occurred 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 completion of the sale, the vice president directly owned 42,574 shares of the company's stock, valued at approximately $4,390,656.62. This represents a 26.05% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 147,555 shares of company stock valued at $13,705,106. Insiders own 0.54% of the company's stock.

Johnson Controls International Price Performance

Shares of JCI stock traded up $1.83 during trading hours on Friday, hitting $111.85. 4,130,778 shares of the company's stock were exchanged, compared to its average volume of 3,956,660. 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 firm has a 50 day moving average of $103.98 and a two-hundred day moving average of $90.00. The firm has a market cap of $73.60 billion, a P/E ratio of 29.83, a P/E/G ratio of 2.05 and a beta of 1.31. Johnson Controls International plc has a fifty-two week low of $64.31 and a fifty-two week high of $112.00.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.05. The firm 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 business's revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.78 earnings per share. Sell-side analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current year.

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

Johnson Controls International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Monday, June 23rd were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date was Monday, June 23rd. Johnson Controls International's dividend payout ratio is presently 39.47%.

Analysts Set New Price Targets

Several brokerages have commented on JCI. Oppenheimer cut shares of Johnson Controls International from an "outperform" rating to a "market perform" rating in a research note on Friday, June 20th. Morgan Stanley lifted their price objective on shares of Johnson Controls International from $105.00 to $115.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Jefferies Financial Group restated a "hold" rating and set a $120.00 price objective on shares of Johnson Controls International in a research note on Thursday. UBS Group reaffirmed a "buy" rating and set a $116.00 price objective (up previously from $103.00) on shares of Johnson Controls International in a research note on Thursday, May 22nd. Finally, Citigroup reaffirmed a "neutral" rating and set a $110.00 price objective (up previously from $94.00) on shares of Johnson Controls International in a research note on Monday, July 14th. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $104.11.

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.