Johnson Controls International plc (NYSE:JCI) Shares Bought by Cetera Investment Advisers

Cetera Investment Advisers grew its holdings in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 8.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 181,165 shares of the company's stock after acquiring an additional 14,782 shares during the period. Cetera Investment Advisers' holdings in Johnson Controls International were worth $14,513,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of JCI. Cornerstone Planning Group LLC grew its stake in shares of Johnson Controls International by 74.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 363 shares of the company's stock valued at $28,000 after buying an additional 155 shares during the period. Community Bank N.A. bought a new position in shares of Johnson Controls International during the 1st quarter worth approximately $32,000. Rossby Financial LCC bought a new stake in shares of Johnson Controls International in the 1st quarter worth approximately $42,000. Bartlett & CO. Wealth Management LLC bought a new stake in shares of Johnson Controls International in the 1st quarter worth approximately $43,000. Finally, Heck Capital Advisors LLC bought a new stake in Johnson Controls International during the 4th quarter valued at $48,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

JCI has been the topic of several research analyst reports. Robert W. Baird upped their price target on shares of Johnson Controls International from $90.00 to $110.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Royal Bank Of Canada increased their target price on shares of Johnson Controls International from $112.00 to $114.00 and gave the stock a "sector perform" rating in a report on Wednesday. The Goldman Sachs Group raised their price objective on shares of Johnson Controls International from $103.00 to $116.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Vertical Research upgraded shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 price objective for the company in a report on Thursday, May 8th. Finally, Wells Fargo & Company lifted their target price on shares of Johnson Controls International from $100.00 to $130.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $105.17.

Insider Activity

In other Johnson Controls International news, Director George Oliver sold 100,000 shares of the firm's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $91.70, for a total value of $9,170,000.00. Following the completion of the transaction, 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 filing with the SEC, which is accessible through the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $104.82, for a total transaction of $149,054.04. Following the completion of the transaction, the vice president directly owned 141,860 shares of the company's stock, valued at approximately $14,869,765.20. This represents a 0.99% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 146,133 shares of company stock worth $13,581,520. 0.54% of the stock is currently owned by insiders.

Johnson Controls International Trading Up 1.4%

JCI stock traded up $1.48 during mid-day trading on Friday, reaching $106.48. The company had a trading volume of 5,337,531 shares, compared to its average volume of 4,723,141. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.96 and a quick ratio of 0.81. The company has a market capitalization of $70.07 billion, a PE ratio of 31.60, a price-to-earnings-growth ratio of 1.88 and a beta of 1.30. The firm has a 50 day moving average of $104.82 and a 200 day moving average of $90.85. Johnson Controls International plc has a 12 month low of $64.31 and a 12 month high of $112.63.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $0.99 by $0.06. The business had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.99 billion. Johnson Controls International had a net margin of 9.53% and a return on equity of 14.71%. On average, equities analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Monday, June 23rd were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.4%. Johnson Controls International's dividend payout ratio is presently 43.92%.

Johnson Controls International declared that its board has initiated a share buyback program on Friday, June 13th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to buy up to 13.4% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

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.