Chicago Partners Investment Group LLC boosted its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 83.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,329 shares of the company's stock after acquiring an additional 2,420 shares during the period. Chicago Partners Investment Group LLC's holdings in Johnson Controls International were worth $427,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of JCI. TIAA Trust National Association boosted its position in shares of Johnson Controls International by 1.0% in the 1st quarter. TIAA Trust National Association now owns 11,339 shares of the company's stock worth $908,000 after buying an additional 115 shares in the last quarter. Strategic Blueprint LLC boosted its position in shares of Johnson Controls International by 4.3% in the 1st quarter. Strategic Blueprint LLC now owns 2,980 shares of the company's stock worth $239,000 after buying an additional 123 shares in the last quarter. HighPoint Advisor Group LLC boosted its position in shares of Johnson Controls International by 1.4% in the 1st quarter. HighPoint Advisor Group LLC now owns 8,976 shares of the company's stock worth $739,000 after buying an additional 124 shares in the last quarter. Sfmg LLC lifted its holdings in Johnson Controls International by 4.5% in the 1st quarter. Sfmg LLC now owns 2,913 shares of the company's stock valued at $233,000 after purchasing an additional 125 shares in the last quarter. Finally, SeaCrest Wealth Management LLC lifted its holdings in Johnson Controls International by 2.7% in the 1st quarter. SeaCrest Wealth Management LLC now owns 5,060 shares of the company's stock valued at $405,000 after purchasing an additional 135 shares in the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Johnson Controls International
In related news, VP Anuruddha Rathninde sold 15,000 shares of the firm's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $103.13, for a total transaction of $1,546,950.00. Following the transaction, the vice president directly owned 42,574 shares in the company, valued at $4,390,656.62. This trade represents a 26.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Nathan D. Manning sold 1,422 shares of the firm's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $103.69, for a total value of $147,447.18. Following the transaction, the vice president owned 140,881 shares in the company, valued at $14,607,950.89. This trade represents a 1.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,266 shares of company stock valued at $1,986,931. Company insiders own 0.54% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Johnson Controls International from $81.00 to $98.00 and gave the company an "overweight" rating in a report on Friday, May 16th. UBS Group restated a "buy" rating and issued a $116.00 target price (up from $103.00) on shares of Johnson Controls International in a report on Thursday, May 22nd. Royal Bank Of Canada upped their target price on shares of Johnson Controls International from $112.00 to $114.00 and gave the company a "sector perform" rating in a report on Wednesday, July 30th. Morgan Stanley upped 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, Robert W. Baird upped their target price on shares of Johnson Controls International from $90.00 to $110.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $105.17.
Read Our Latest Report on Johnson Controls International
Johnson Controls International Trading Down 0.7%
JCI traded down $0.71 on Wednesday, reaching $105.93. 7,802,158 shares of the company's stock were exchanged, compared to its average volume of 4,752,087. The company's 50 day moving average is $105.47 and its 200-day moving average is $92.08. The company has a market cap of $69.32 billion, a price-to-earnings ratio of 31.43, a PEG ratio of 1.89 and a beta of 1.30. Johnson Controls International plc has a twelve month low of $67.68 and a twelve month high of $112.63. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 0.96.
Johnson Controls International (NYSE:JCI - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.99 by $0.06. The firm had revenue of $6.05 billion during the quarter, compared to analysts' expectations of $5.99 billion. Johnson Controls International had a return on equity of 14.71% and a net margin of 9.53%. Equities analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current year.
Johnson Controls International declared that its Board of Directors has initiated a stock buyback program on Friday, June 13th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 13.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.
Johnson Controls International Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Monday, June 23rd were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Monday, June 23rd. Johnson Controls International's dividend payout ratio is 43.92%.
Johnson Controls International Company Profile
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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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