Choreo LLC Sells 9,603 Shares of Johnson Controls International plc (NYSE:JCI)

Choreo LLC lessened its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 22.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,478 shares of the company's stock after selling 9,603 shares during the quarter. Choreo LLC's holdings in Johnson Controls International were worth $2,617,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Cerity Partners LLC grew its holdings in shares of Johnson Controls International by 69.8% during the first quarter. Cerity Partners LLC now owns 113,059 shares of the company's stock valued at $9,057,000 after buying an additional 46,459 shares during the last quarter. G&S Capital LLC increased its holdings in Johnson Controls International by 81.4% during the 1st quarter. G&S Capital LLC now owns 30,342 shares of the company's stock worth $2,431,000 after purchasing an additional 13,612 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Johnson Controls International by 27.8% in the first quarter. GAMMA Investing LLC now owns 14,720 shares of the company's stock worth $1,179,000 after purchasing an additional 3,201 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Johnson Controls International by 2,213.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 709,431 shares of the company's stock valued at $57,748,000 after purchasing an additional 678,766 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC boosted its position in shares of Johnson Controls International by 22.4% during the first quarter. Dynamic Advisor Solutions LLC now owns 5,987 shares of the company's stock valued at $480,000 after buying an additional 1,096 shares during the last quarter. Institutional investors own 90.05% of the company's stock.

Johnson Controls International Stock Performance

NYSE:JCI traded up $1.83 on Friday, reaching $111.85. 4,130,778 shares of the company's stock were exchanged, compared to its average volume of 3,956,660. The stock has a fifty day simple moving average of $103.98 and a 200-day simple moving average of $90.00. Johnson Controls International plc has a 52 week low of $64.31 and a 52 week high of $112.00. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.81. The firm has a market cap of $73.60 billion, a price-to-earnings ratio of 29.83, a P/E/G ratio of 2.05 and a beta of 1.31.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.82 earnings per share for the quarter, beating analysts' consensus estimates of $0.77 by $0.05. Johnson Controls International had a net margin of 10.19% and a return on equity of 15.13%. The business had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.64 billion. During the same period in the previous year, the business earned $0.78 EPS. Johnson Controls International's revenue was up 1.4% compared to the same quarter last year. As a group, sell-side analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International announced that its Board of Directors has initiated a share buyback program 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 stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its stock is undervalued.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Monday, June 23rd were issued a dividend of $0.37 per share. The ex-dividend date was Monday, June 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.32%. Johnson Controls International's dividend payout ratio (DPR) is 39.47%.

Insider Buying and Selling

In related news, Director George Oliver sold 100,000 shares of the company's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $91.70, for a total transaction of $9,170,000.00. Following the sale, the director owned 904,305 shares of the company's stock, valued at approximately $82,924,768.50. This represents a 9.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Nathan D. Manning sold 1,422 shares of the firm's stock in a transaction 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 completion of the transaction, the vice president directly 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. Insiders have sold 147,555 shares of company stock worth $13,705,106 in the last 90 days. 0.54% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on JCI shares. Deutsche Bank Aktiengesellschaft upgraded Johnson Controls International from a "hold" rating to a "buy" rating and raised their price objective for the company from $101.00 to $112.00 in a research note on Monday, May 12th. Royal Bank Of Canada raised their price target on shares of Johnson Controls International from $82.00 to $98.00 and gave the company a "sector perform" rating in a research report on Thursday, May 8th. Wells Fargo & Company boosted their price target on shares of Johnson Controls International from $100.00 to $130.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Vertical Research raised 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 research report on Thursday, May 8th. Finally, Citigroup reissued a "neutral" rating and set a $110.00 target price (up previously from $94.00) on shares of Johnson Controls International in a research report on Monday, July 14th. Ten equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Johnson Controls International currently has a consensus rating of "Hold" and a consensus 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.