Cwm LLC Buys 35,579 Shares of Johnson Controls International plc (NYSE:JCI)

CWM LLC grew its holdings in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 175.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 55,804 shares of the company's stock after acquiring an additional 35,579 shares during the period. CWM LLC's holdings in Johnson Controls International were worth $4,470,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of JCI. Brighton Jones LLC acquired a new stake in shares of Johnson Controls International during the fourth quarter worth $222,000. Bank Pictet & Cie Europe AG increased its position in shares of Johnson Controls International by 67.4% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 88,569 shares of the company's stock worth $6,991,000 after buying an additional 35,655 shares during the period. Proficio Capital Partners LLC increased its position in shares of Johnson Controls International by 26.0% during the fourth quarter. Proficio Capital Partners LLC now owns 6,139 shares of the company's stock worth $485,000 after buying an additional 1,266 shares during the period. Commonwealth Equity Services LLC increased its position in shares of Johnson Controls International by 5.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 147,619 shares of the company's stock worth $11,652,000 after buying an additional 7,735 shares during the period. Finally, Madison Investment Advisors LLC acquired a new stake in shares of Johnson Controls International during the fourth quarter worth $213,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. UBS Group restated a "buy" rating and issued a $116.00 price target (up from $103.00) on shares of Johnson Controls International in a report on Thursday, May 22nd. Wells Fargo & Company raised 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. Robert W. Baird raised 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. Citigroup restated a "neutral" rating and issued a $110.00 price target (up from $94.00) on shares of Johnson Controls International in a report on Monday. Finally, Barclays raised their price target on shares of Johnson Controls International from $90.00 to $100.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 9th. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $103.18.

Johnson Controls International Stock Up 1.5%

Shares of JCI traded up $1.62 during trading hours on Thursday, reaching $108.90. 3,512,104 shares of the stock traded hands, compared to its average volume of 4,350,619. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.48. The stock has a fifty day simple moving average of $101.96 and a 200 day simple moving average of $88.47. Johnson Controls International plc has a 52 week low of $64.31 and a 52 week high of $111.07. The company has a market cap of $71.66 billion, a price-to-earnings ratio of 29.04, a PEG ratio of 1.96 and a beta of 1.31.

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 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 company had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.64 billion. During the same period last year, the firm earned $0.78 earnings per share. The firm's revenue was up 1.4% on a year-over-year basis. On average, equities analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 23rd will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.36%. 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 of Directors has approved a stock repurchase program on Friday, June 13th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 13.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board believes its stock is undervalued.

Insider Activity

In related news, CFO Marc Vandiepenbeeck sold 28,289 shares of the firm's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $90.92, for a total transaction of $2,572,035.88. Following the transaction, the chief financial officer directly owned 147,673 shares of the company's stock, valued at $13,426,429.16. This trade represents a 16.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction dated 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 directly owned 141,860 shares in the company, 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. Insiders sold 147,555 shares of company stock valued at $13,705,106 over the last ninety days. Company insiders own 0.54% of the company's stock.

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.