DekaBank Deutsche Girozentrale Grows Holdings in Johnson Controls International plc (NYSE:JCI)

DekaBank Deutsche Girozentrale boosted its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 0.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 411,597 shares of the company's stock after purchasing an additional 3,772 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.06% of Johnson Controls International worth $32,449,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Johnson Controls International during the 4th quarter valued at about $560,549,000. Invesco Ltd. boosted its position in Johnson Controls International by 13.2% in the fourth quarter. Invesco Ltd. now owns 18,407,597 shares of the company's stock valued at $1,452,912,000 after buying an additional 2,150,573 shares during the last quarter. Franklin Resources Inc. increased its holdings in Johnson Controls International by 6.0% in the 4th quarter. Franklin Resources Inc. now owns 23,344,374 shares of the company's stock worth $1,842,571,000 after buying an additional 1,325,500 shares during the period. ANTIPODES PARTNERS Ltd raised its position in Johnson Controls International by 391,951.9% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 1,215,361 shares of the company's stock worth $95,936,000 after buying an additional 1,215,051 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Johnson Controls International by 10,137.2% in the 1st quarter. GAMMA Investing LLC now owns 1,179,219 shares of the company's stock valued at $94,467,000 after acquiring an additional 1,167,700 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company's stock.

Johnson Controls International Price Performance

Johnson Controls International stock traded down $0.51 during mid-day trading on Friday, reaching $105.82. The company had a trading volume of 2,234,200 shares, compared to its average volume of 4,348,170. The stock's 50-day simple moving average is $100.92 and its 200-day simple moving average is $87.98. The company has a market capitalization of $69.63 billion, a P/E ratio of 28.22, a P/E/G ratio of 1.94 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. Johnson Controls International plc has a 1 year low of $64.31 and a 1 year high of $107.20.

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

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 23rd will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Monday, June 23rd. Johnson Controls International's dividend payout ratio is presently 39.47%.

Johnson Controls International declared that its Board of Directors has approved a share repurchase program on Friday, June 13th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 13.4% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

JCI has been the subject of a number of research reports. Citigroup decreased their target price on shares of Johnson Controls International from $95.00 to $85.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Royal Bank Of Canada boosted their price objective 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. Robert W. Baird raised their target price on Johnson Controls International from $84.00 to $90.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. The Goldman Sachs Group lifted their price target on Johnson Controls International from $103.00 to $116.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded Johnson Controls International from a "hold" rating to a "buy" rating and upped their price objective for the stock from $101.00 to $112.00 in a research report on Monday, May 12th. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $100.53.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, VP Anuruddha Rathninde sold 15,000 shares of Johnson Controls International stock in a transaction that occurred on Friday, June 6th. The shares were 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 of the company's stock, valued at $4,390,656.62. The trade was a 26.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $104.82, for a total value of $149,054.04. Following the completion of the sale, the vice president owned 141,860 shares of the company's stock, valued at approximately $14,869,765.20. This trade represents a 0.99% decrease in their position. 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. Company insiders own 0.54% of the company's stock.

Johnson Controls International 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.