Johnson Controls International plc (NYSE:JCI) Stake Boosted by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lifted its holdings in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 6.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,071 shares of the company's stock after purchasing an additional 9,901 shares during the period. Crossmark Global Holdings Inc.'s holdings in Johnson Controls International were worth $12,984,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JCI. SBI Securities Co. Ltd. purchased a new stake in shares of Johnson Controls International in the fourth quarter valued at $29,000. Community Bank N.A. acquired a new stake in shares of Johnson Controls International during the 1st quarter worth about $32,000. Crowley Wealth Management Inc. purchased a new stake in shares of Johnson Controls International during the fourth quarter worth about $42,000. Rossby Financial LCC acquired a new position in shares of Johnson Controls International in the first quarter valued at approximately $42,000. Finally, Bartlett & CO. Wealth Management LLC purchased a new position in shares of Johnson Controls International during the first quarter valued at approximately $43,000. Hedge funds and other institutional investors own 90.05% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. The Goldman Sachs Group boosted their price target on Johnson Controls International from $103.00 to $116.00 and gave the company a "buy" rating in a report on Tuesday. 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 report on Thursday, May 8th. Oppenheimer downgraded Johnson Controls International from an "outperform" rating to a "market perform" rating in a report on Friday, June 20th. Barclays boosted their price target on Johnson Controls International from $85.00 to $90.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. Finally, Royal Bank Of Canada boosted their price target on Johnson Controls International from $82.00 to $98.00 and gave the company a "sector perform" rating in a report on Thursday, May 8th. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $99.94.

Insider Activity at Johnson Controls International

In other news, CFO Marc Vandiepenbeeck sold 28,289 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $90.92, for a total value of $2,572,035.88. Following the completion of the sale, the chief financial officer directly owned 147,673 shares in the company, valued at approximately $13,426,429.16. The trade was a 16.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director George Oliver sold 100,000 shares of the firm's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $91.70, for a total value of $9,170,000.00. Following the transaction, the director owned 904,305 shares in the company, valued at $82,924,768.50. This trade represents a 9.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 147,555 shares of company stock worth $13,705,106 over the last quarter. Company insiders own 0.54% of the company's stock.

Johnson Controls International Stock Down 0.4%

Johnson Controls International stock traded down $0.39 during midday trading on Tuesday, hitting $105.59. 6,179,726 shares of the stock were exchanged, compared to its average volume of 4,334,330. Johnson Controls International plc has a 1 year low of $64.31 and a 1 year high of $107.06. The firm has a market cap of $69.48 billion, a P/E ratio of 28.16, a P/E/G ratio of 1.95 and a beta of 1.31. 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 company has a 50 day moving average price of $99.29 and a two-hundred day moving average price of $87.32.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its quarterly 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 net margin of 10.19% and a return on equity of 15.13%. The firm had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.64 billion. During the same quarter in the previous year, the firm posted $0.78 EPS. The firm's quarterly revenue was up 1.4% on a year-over-year basis. On average, sell-side 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 business also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 23rd will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Monday, June 23rd. Johnson Controls International's payout ratio is currently 39.47%.

Johnson Controls International announced that its board has authorized a stock repurchase plan on Friday, June 13th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to reacquire up to 13.4% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board of directors believes its shares are undervalued.

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.