Colonial River Investments LLC Invests $243,000 in Johnson Controls International plc (NYSE:JCI)

Colonial River Investments LLC acquired a new stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,031 shares of the company's stock, valued at approximately $243,000.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC bought a new stake in shares of Johnson Controls International during the fourth quarter valued at approximately $222,000. Bank Pictet & Cie Europe AG increased its holdings in Johnson Controls International by 67.4% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 88,569 shares of the company's stock valued at $6,991,000 after acquiring an additional 35,655 shares during the last quarter. IFP Advisors Inc increased its holdings in 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 acquiring an additional 1,014 shares during the last quarter. Mn Services Vermogensbeheer B.V. lifted its stake in Johnson Controls International by 2.3% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 120,200 shares of the company's stock worth $9,487,000 after purchasing an additional 2,700 shares in the last quarter. Finally, Proficio Capital Partners LLC boosted its holdings in shares of Johnson Controls International by 9,843.4% during the 4th quarter. Proficio Capital Partners LLC now owns 484,542 shares of the company's stock valued at $38,245,000 after purchasing an additional 479,669 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company's stock.

Insider Transactions at Johnson Controls International

In related news, CFO Marc Vandiepenbeeck sold 28,289 shares of Johnson Controls International stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $90.92, for a total transaction of $2,572,035.88. Following the completion of the sale, the chief financial officer owned 147,673 shares of the company's stock, valued at $13,426,429.16. The trade was a 16.08% decrease in their ownership of the stock. The transaction 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 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 sale, the vice president owned 141,860 shares in the company, valued at $14,869,765.20. The trade was a 0.99% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 147,555 shares of company stock worth $13,705,106. Insiders own 0.54% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on JCI. 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 report on Friday, May 16th. Barclays upped their price objective on Johnson Controls International from $85.00 to $90.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 14th. Oppenheimer lowered shares of Johnson Controls International from an "outperform" rating to a "market perform" rating in a report on Friday, June 20th. Wells Fargo & Company increased their price objective on shares of Johnson Controls International from $100.00 to $130.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Finally, Royal Bank Of Canada boosted their target price 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. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $97.88.

Johnson Controls International Trading Up 0.4%

Shares of NYSE:JCI traded up $0.39 during trading hours on Wednesday, hitting $105.06. 3,675,235 shares of the company's stock traded hands, compared to its average volume of 4,694,960. The business has a fifty day moving average price of $97.22 and a 200-day moving average price of $86.58. The firm has a market capitalization of $69.13 billion, a P/E ratio of 28.02, a price-to-earnings-growth ratio of 2.31 and a beta of 1.32. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.81. Johnson Controls International plc has a 1 year low of $64.31 and a 1 year high of $106.07.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.82 EPS for the quarter, topping the consensus estimate 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 return on equity of 15.13% and a net margin of 10.19%. The business's revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.78 EPS. Equities analysts expect 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 share buyback plan on Friday, June 13th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 13.4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its stock is undervalued.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 23rd will be paid a $0.37 dividend. The ex-dividend date is Monday, June 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.41%. Johnson Controls International's dividend payout ratio (DPR) is 39.47%.

About Johnson Controls International

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.