Geneos Wealth Management Inc. Has $5.88 Million Position in Johnson Controls International plc (NYSE:JCI)

Key Points

• Geneos Wealth Management Inc. reduced its stake in Johnson Controls International by 8.1%, holding 69,884 shares valued at approximately $5.88 million after selling 6,135 shares in the first quarter.
• The company declared a quarterly dividend of $0.37 per share, equating to an annualized dividend yield of 1.43%, with a payout ratio of 39.47%.
• Johnson Controls International's stock has seen significant interest from analysts, with ten analysts rating it as hold and nine as buy, suggesting a mixed outlook in the market.

Geneos Wealth Management Inc. cut its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 8.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 69,884 shares of the company's stock after selling 6,135 shares during the quarter. Geneos Wealth Management Inc.'s holdings in Johnson Controls International were worth $5,878,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of JCI. N.E.W. Advisory Services LLC purchased a new stake in shares of Johnson Controls International in the first quarter worth approximately $111,000. Meeder Advisory Services Inc. lifted its position in shares of Johnson Controls International by 7.4% in the first quarter. Meeder Advisory Services Inc. now owns 16,722 shares of the company's stock worth $1,340,000 after purchasing an additional 1,149 shares in the last quarter. Lazard Freres Gestion S.A.S. lifted its position in shares of Johnson Controls International by 21.6% in the first quarter. Lazard Freres Gestion S.A.S. now owns 22,145 shares of the company's stock worth $1,774,000 after purchasing an additional 3,930 shares in the last quarter. Baldwin Investment Management LLC acquired a new position in Johnson Controls International in the first quarter worth approximately $278,000. Finally, Mackenzie Financial Corp increased its holdings in Johnson Controls International by 5.1% in the first quarter. Mackenzie Financial Corp now owns 338,602 shares of the company's stock worth $27,125,000 after buying an additional 16,305 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 NYSE JCI traded up $1.48 during midday trading on Friday, reaching $106.48. 5,337,531 shares of the company traded hands, compared to its average volume of 4,723,141. The firm has a market cap of $70.07 billion, a PE ratio of 31.60, a PEG ratio of 1.88 and a beta of 1.30. The stock's 50-day simple moving average is $104.82 and its 200-day simple moving average is $90.85. Johnson Controls International plc has a 12 month low of $64.31 and a 12 month high of $112.63. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 0.96.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.99 by $0.06. The company had revenue of $6.05 billion during the quarter, compared to analysts' expectations of $5.99 billion. Johnson Controls International had a return on equity of 14.71% and a net margin of 9.53%. As a group, equities analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

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

Johnson Controls International announced that its Board of Directors has approved a share buyback program on Friday, June 13th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to repurchase up to 13.4% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

JCI has been the topic of a number of research reports. Robert W. Baird increased their price objective on Johnson Controls International from $90.00 to $110.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Oppenheimer downgraded Johnson Controls International from an "outperform" rating to a "market perform" rating in a report on Friday, June 20th. JPMorgan Chase & Co. increased their price target on Johnson Controls International from $81.00 to $98.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Jefferies Financial Group reiterated a "hold" rating and set a $120.00 price target on shares of Johnson Controls International in a report on Thursday, July 24th. Finally, Vertical Research upgraded Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 price target on the stock in a report on Thursday, May 8th. Ten 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, the company currently has an average rating of "Hold" and a consensus price target of $105.17.

Insiders Place Their Bets

In other news, VP Anuruddha Rathninde sold 15,000 shares of the firm's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $103.13, for a total value of $1,546,950.00. Following the completion of the sale, the vice president directly owned 42,574 shares in the company, valued at approximately $4,390,656.62. This trade represents a 26.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Nathan D. Manning sold 1,422 shares of the firm's stock in a transaction on 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 146,133 shares of company stock valued at $13,581,520. 0.54% of the stock is owned by corporate 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.