Brown Advisory Inc. Has $976,000 Position in Johnson Controls International plc (NYSE:JCI)

Brown Advisory Inc. lessened its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 43.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,185 shares of the company's stock after selling 9,388 shares during the period. Brown Advisory Inc.'s holdings in Johnson Controls International were worth $976,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Strategic Blueprint LLC lifted its position in shares of Johnson Controls International by 4.3% during the 1st quarter. Strategic Blueprint LLC now owns 2,980 shares of the company's stock valued at $239,000 after acquiring an additional 123 shares during the period. SeaCrest Wealth Management LLC raised its holdings in 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 buying an additional 135 shares during the last quarter. Abacus Planning Group Inc. raised its holdings in 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 buying an additional 135 shares during the last quarter. HighPoint Advisor Group LLC raised its holdings in 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 buying an additional 154 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in 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 buying an additional 165 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

Insider Activity

In related news, CFO Marc Vandiepenbeeck sold 28,289 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $90.92, for a total value of $2,572,035.88. Following the sale, the chief financial officer directly owned 147,673 shares of the company's stock, valued at $13,426,429.16. This trade represents a 16.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $104.82, for a total transaction of $149,054.04. Following the sale, the vice president owned 141,860 shares of the company's stock, valued at approximately $14,869,765.20. The trade was a 0.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 147,555 shares of company stock valued at $13,705,106. Corporate insiders own 0.54% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on JCI. UBS Group restated a "buy" rating and set a $116.00 price objective (up previously from $103.00) on shares of Johnson Controls International in a report on Thursday, May 22nd. Vertical Research upgraded shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 price objective on the stock in a report on Thursday, May 8th. Royal Bank Of Canada upped 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. Morgan Stanley increased their target price on shares of Johnson Controls International from $105.00 to $115.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Finally, Barclays increased their target price on shares of Johnson Controls International from $90.00 to $100.00 and gave the company an "equal weight" rating in a report on Wednesday, July 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 an average price target of $100.53.

Johnson Controls International Price Performance

Shares of NYSE:JCI opened at $105.82 on Monday. 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 market capitalization of $69.63 billion, a PE ratio of 28.22, a P/E/G ratio of 1.92 and a beta of 1.31. Johnson Controls International plc has a twelve month low of $64.31 and a twelve month high of $107.20. The company has a 50-day moving average price of $100.92 and a two-hundred day moving average price of $88.03.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.05. The firm had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.64 billion. Johnson Controls International had a net margin of 10.19% and a return on equity of 15.13%. The company's quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the business earned $0.78 earnings per share. Equities 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 initiated a stock repurchase plan on Friday, June 13th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes the company to repurchase up to 13.4% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board of directors believes its stock is undervalued.

Johnson Controls International Announces Dividend

The company also recently declared 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 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 payout ratio is 39.47%.

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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