Greenleaf Trust Sells 3,969 Shares of Johnson Controls International plc (NYSE:JCI)

Greenleaf Trust lowered its stake in Johnson Controls International plc (NYSE:JCI - Free Report) by 14.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,498 shares of the company's stock after selling 3,969 shares during the period. Greenleaf Trust's holdings in Johnson Controls International were worth $1,882,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Johnson Controls International by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 68,156,110 shares of the company's stock worth $5,379,562,000 after purchasing an additional 179,743 shares during the period. Franklin Resources Inc. grew its position in Johnson Controls International by 6.0% in the fourth quarter. Franklin Resources Inc. now owns 23,344,374 shares of the company's stock valued at $1,842,571,000 after acquiring an additional 1,325,500 shares during the last quarter. Invesco Ltd. grew 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 acquiring an additional 2,150,573 shares during the last quarter. Geode Capital Management LLC grew its position in Johnson Controls International by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 13,818,777 shares of the company's stock valued at $1,087,670,000 after acquiring an additional 343,517 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its position in Johnson Controls International by 4.5% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,128,506 shares of the company's stock valued at $562,653,000 after acquiring an additional 305,185 shares during the last quarter. Institutional investors own 90.05% of the company's stock.

Insider Transactions at Johnson Controls International

In related news, VP Nathan D. Manning sold 1,422 shares of the company's stock in a transaction on 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 owned 141,860 shares in the company, valued at approximately $14,869,765.20. This represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Marc Vandiepenbeeck sold 28,289 shares of the company's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $90.92, for a total value of $2,572,035.88. Following the sale, 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 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.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on JCI shares. Barclays lifted their target price on Johnson Controls International from $90.00 to $100.00 and gave the company an "equal weight" rating in a research report on Wednesday. Royal Bank Of Canada lifted their target price on Johnson Controls International from $82.00 to $98.00 and gave the company a "sector perform" rating in a research report on Thursday, May 8th. 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. JPMorgan Chase & Co. boosted their price target on Johnson Controls International from $81.00 to $98.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Finally, Deutsche Bank Aktiengesellschaft upgraded Johnson Controls International from a "hold" rating to a "buy" rating and boosted their price target for the stock from $101.00 to $112.00 in a report on Monday, May 12th. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $100.53.

Johnson Controls International Trading Down 0.2%

JCI traded down $0.19 during trading on Friday, hitting $106.14. The company's stock had a trading volume of 1,029,095 shares, compared to its average volume of 4,331,623. Johnson Controls International plc has a twelve month low of $64.31 and a twelve month high of $107.20. 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 stock's fifty day moving average price is $100.59 and its 200-day moving average price is $87.76. The firm has a market capitalization of $69.85 billion, a P/E ratio of 28.32, a PEG ratio of 1.95 and a beta of 1.31.

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

Johnson Controls International announced that its Board of Directors has initiated a stock buyback program on Friday, June 13th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 13.4% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Stockholders 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 1.39%. The ex-dividend date is Monday, June 23rd. Johnson Controls International's payout ratio is 39.47%.

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.