Financiere des Professionnels Fonds d investissement inc. Lowers Holdings in Johnson Controls International plc (NYSE:JCI)

Financiere des Professionnels Fonds d investissement inc. lessened its holdings in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 4.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 123,098 shares of the company's stock after selling 5,111 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.'s holdings in Johnson Controls International were worth $9,861,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in Johnson Controls International during the fourth quarter valued at approximately $560,549,000. Invesco Ltd. boosted its stake in Johnson Controls International by 13.2% during 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. Amundi boosted its stake in Johnson Controls International by 76.7% during the fourth quarter. Amundi now owns 3,870,478 shares of the company's stock valued at $309,422,000 after buying an additional 1,680,431 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of 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 last quarter. Finally, ANTIPODES PARTNERS Ltd increased its holdings in shares of Johnson Controls International by 391,951.9% in 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. 90.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Controls International Price Performance

Shares of Johnson Controls International stock traded down $0.72 on Monday, hitting $105.99. 3,524,799 shares of the company were exchanged, compared to its average volume of 4,321,943. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.48. The company has a 50-day moving average price of $98.79 and a 200 day moving average price of $87.15. The stock has a market capitalization of $69.75 billion, a price-to-earnings ratio of 28.26, a price-to-earnings-growth ratio of 1.96 and a beta of 1.31. Johnson Controls International plc has a 1-year low of $64.31 and a 1-year high of $107.06.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.05. Johnson Controls International had a return on equity of 15.13% and a net margin of 10.19%. The business had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.64 billion. During the same period last year, the company earned $0.78 EPS. The company's revenue for the quarter was up 1.4% on a year-over-year basis. As a group, 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 23rd will be given a $0.37 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $1.48 annualized dividend and a yield of 1.40%. Johnson Controls International's payout ratio is 39.47%.

Johnson Controls International announced that its board has initiated a stock buyback plan on Friday, June 13th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 13.4% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.

Analyst Ratings Changes

Several research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft upgraded Johnson Controls International from a "hold" rating to a "buy" rating and lifted their price target for the stock from $101.00 to $112.00 in a research report on Monday, May 12th. Wells Fargo & Company raised their price target on Johnson Controls International from $100.00 to $130.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Oppenheimer downgraded Johnson Controls International from an "outperform" rating to a "market perform" rating in a research report on Friday, June 20th. 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 research report on Thursday, May 22nd. Finally, Barclays raised their price target on Johnson Controls International from $85.00 to $90.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 14th. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $97.88.

Insiders Place Their Bets

In other Johnson Controls International news, CFO Marc Vandiepenbeeck sold 28,289 shares of the 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 completion of the transaction, the chief financial officer 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. 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. Over the last ninety days, insiders have sold 147,555 shares of company stock valued at $13,705,106. 0.54% of the stock is currently owned by insiders.

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.