3,557 Shares in Johnson Controls International plc (NYSE:JCI) Acquired by Earned Wealth Advisors LLC

Key Points

• Earned Wealth Advisors LLC has acquired a new position in Johnson Controls International, purchasing 3,557 shares valued at approximately $285,000 in the first quarter.
• Director George Oliver and CFO Marc Vandiepenbeeck recently sold significant amounts of company stock, leading to decreases in their respective ownership stakes by 9.96% and 16.08%.
• Johnson Controls International announced a stock repurchase plan allowing the purchase of up to $9.00 billion in shares, indicating the board's belief that the stock may be undervalued.

Earned Wealth Advisors LLC bought a new position 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 fund bought 3,557 shares of the company's stock, valued at approximately $285,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Argent Trust Co boosted its holdings in Johnson Controls International by 12.3% in the first quarter. Argent Trust Co now owns 3,493 shares of the company's stock valued at $280,000 after purchasing an additional 382 shares during the last quarter. Manchester Capital Management LLC grew its holdings in Johnson Controls International by 37.7% during the first quarter. Manchester Capital Management LLC now owns 1,217 shares of the company's stock worth $97,000 after acquiring an additional 333 shares during the period. Liberty Wealth Management LLC acquired a new stake in Johnson Controls International during the first quarter worth about $2,821,000. R Squared Ltd purchased a new position in Johnson Controls International during the first quarter valued at approximately $220,000. Finally, Klein Pavlis & Peasley Financial Inc. boosted its position in Johnson Controls International by 10.6% in the 1st quarter. Klein Pavlis & Peasley Financial Inc. now owns 44,187 shares of the company's stock worth $3,597,000 after purchasing an additional 4,219 shares in the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Johnson Controls International Trading Down 0.2%

NYSE:JCI traded down $0.17 during trading hours on Wednesday, hitting $104.67. The company had a trading volume of 2,961,981 shares, compared to its average volume of 4,851,524. Johnson Controls International plc has a 1 year low of $65.69 and a 1 year high of $112.63. The company has a market cap of $68.88 billion, a P/E ratio of 31.06, a P/E/G ratio of 1.88 and a beta of 1.30. The company has a 50-day moving average of $105.06 and a 200 day moving average of $91.27. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.06. Johnson Controls International had a net margin of 9.53% and a return on equity of 14.71%. The firm had revenue of $6.05 billion for the quarter, compared to analysts' expectations of $5.99 billion. Sell-side 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 has approved a share repurchase program on Friday, June 13th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 13.4% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's leadership believes its shares are undervalued.

Johnson Controls International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Monday, June 23rd were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $1.48 annualized dividend and a yield of 1.4%. Johnson Controls International's dividend payout ratio (DPR) is 43.92%.

Insiders Place Their Bets

In other Johnson Controls International news, VP Anuruddha Rathninde sold 15,000 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $103.13, for a total value of $1,546,950.00. Following the transaction, the vice president owned 42,574 shares of the company's stock, valued at $4,390,656.62. This represents a 26.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director George Oliver sold 100,000 shares of the stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $91.70, for a total transaction of $9,170,000.00. Following the transaction, the director directly owned 904,305 shares of the company's stock, valued at approximately $82,924,768.50. This trade represents a 9.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold 147,555 shares of company stock worth $13,728,967 in the last three months. 0.54% of the stock is owned by insiders.

Analysts Set New Price Targets

JCI has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Johnson Controls International from $81.00 to $98.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Jefferies Financial Group reissued a "hold" rating and set a $120.00 target price on shares of Johnson Controls International in a research note on Thursday, July 24th. 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 note on Tuesday, July 8th. Citigroup increased their price target on Johnson Controls International from $110.00 to $112.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Finally, Wells Fargo & Company boosted their price objective on Johnson Controls International from $100.00 to $130.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $105.17.

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.