Cambridge Investment Research Advisors Inc. grew its holdings in Johnson Controls International plc (NYSE:JCI - Free Report) by 2.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 86,617 shares of the company's stock after acquiring an additional 2,456 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Johnson Controls International were worth $6,939,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC bought a new position in Johnson Controls International in the fourth quarter worth $222,000. Bank Pictet & Cie Europe AG raised its position in shares of Johnson Controls International by 67.4% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 88,569 shares of the company's stock worth $6,991,000 after acquiring an additional 35,655 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Johnson Controls International by 22.4% in the 4th quarter. IFP Advisors Inc now owns 5,540 shares of the company's stock valued at $440,000 after purchasing an additional 1,014 shares during the last quarter. Pine Valley Investments Ltd Liability Co boosted its stake in Johnson Controls International by 11.4% in the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 6,003 shares of the company's stock valued at $474,000 after acquiring an additional 616 shares during the last quarter. Finally, Lake Street Advisors Group LLC increased its holdings in Johnson Controls International by 3.1% in the fourth quarter. Lake Street Advisors Group LLC now owns 8,026 shares of the company's stock valued at $636,000 after purchasing an additional 239 shares during the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Johnson Controls International
In other news, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $86.91, for a total transaction of $123,586.02. Following the transaction, the vice president now owns 144,704 shares of the company's stock, valued at $12,576,224.64. This represents a 0.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $1,546,950.00. Following the completion of the sale, the vice president now directly owns 42,574 shares of the company's stock, valued at $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. In the last 90 days, insiders sold 147,555 shares of company stock valued at $13,669,414. 0.54% of the stock is currently owned by company insiders.
Johnson Controls International Trading Up 0.6%
Shares of NYSE:JCI traded up $0.65 during mid-day trading on Friday, reaching $105.09. 4,909,732 shares of the company's stock were exchanged, compared to its average volume of 4,318,648. 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 twelve month low of $64.31 and a twelve month high of $105.88. The firm has a market capitalization of $69.15 billion, a price-to-earnings ratio of 28.02, a PEG ratio of 2.26 and a beta of 1.33. The business's fifty day moving average price is $95.48 and its 200-day moving average price is $86.10.
Johnson Controls International (NYSE:JCI - Get Free Report) last announced 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 business had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.64 billion. During the same period last year, the company earned $0.78 EPS. Johnson Controls International's revenue for the quarter was up 1.4% compared to the same quarter last year. On average, research analysts predict that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.
Johnson Controls International declared that its Board of Directors has authorized a stock buyback plan on Friday, June 13th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 13.4% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board believes its shares are undervalued.
Johnson Controls International Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 23rd will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Monday, June 23rd. Johnson Controls International's payout ratio is presently 39.47%.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the company. Morgan Stanley increased their target price on Johnson Controls International from $105.00 to $115.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. 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. JPMorgan Chase & Co. lifted their target price 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. Citigroup decreased 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. Finally, Robert W. Baird boosted their price target 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. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $97.88.
Check Out Our Latest Stock Analysis on JCI
About Johnson Controls International
(
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.
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