G&S Capital LLC Increases Stake in Johnson Controls International plc (NYSE:JCI)

G&S Capital LLC increased its stake in Johnson Controls International plc (NYSE:JCI - Free Report) by 81.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,342 shares of the company's stock after acquiring an additional 13,612 shares during the period. G&S Capital LLC's holdings in Johnson Controls International were worth $2,431,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in JCI. Brighton Jones LLC purchased a new position in shares of Johnson Controls International during the 4th quarter valued at about $222,000. Bank Pictet & Cie Europe AG grew its position in Johnson Controls International by 67.4% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 88,569 shares of the company's stock valued at $6,991,000 after acquiring an additional 35,655 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of Johnson Controls International by 22.4% in the 4th quarter. IFP Advisors Inc now owns 5,540 shares of the company's stock worth $440,000 after acquiring an additional 1,014 shares during the last quarter. Flputnam Investment Management Co. lifted its holdings in shares of Johnson Controls International by 11.0% in the 4th quarter. Flputnam Investment Management Co. now owns 5,545 shares of the company's stock worth $438,000 after acquiring an additional 550 shares during the last quarter. Finally, SVB Wealth LLC bought a new position in shares of Johnson Controls International during the 4th quarter valued at $422,000. Institutional investors own 90.05% of the company's stock.

Insider Buying and Selling at Johnson Controls International

In other news, CFO Marc Vandiepenbeeck sold 28,289 shares of the business's stock in a transaction that occurred 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 directly owned 147,673 shares of the company's stock, valued at $13,426,429.16. The trade was a 16.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $100.90, for a total value of $143,479.80. Following the completion of the sale, the vice president owned 143,282 shares in the company, valued at $14,457,153.80. The trade was a 0.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 146,133 shares of company stock valued at $13,556,052 in the last quarter. 0.54% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Wells Fargo & Company upped their price target on shares of Johnson Controls International from $100.00 to $130.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Robert W. Baird boosted their target price on Johnson Controls International from $84.00 to $90.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Deutsche Bank Aktiengesellschaft upgraded Johnson Controls International from a "hold" rating to a "buy" rating and raised their price target for the stock from $101.00 to $112.00 in a research report on Monday, May 12th. Barclays boosted their price objective on Johnson Controls International from $85.00 to $90.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 14th. Finally, Morgan Stanley raised their target price on shares of Johnson Controls International from $105.00 to $115.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $97.88.

Johnson Controls International Stock Down 1.0%

JCI traded down $1.04 on Tuesday, hitting $104.58. The company had a trading volume of 4,994,661 shares, compared to its average volume of 4,316,267. The stock has a fifty day simple moving average of $96.66 and a 200-day simple moving average of $86.45. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.81. The firm has a market capitalization of $68.82 billion, a P/E ratio of 27.89, a P/E/G ratio of 2.31 and a beta of 1.32. Johnson Controls International plc has a 52-week low of $64.31 and a 52-week high of $107.44.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.64 billion. During the same quarter in the prior year, the company earned $0.78 EPS. The business's revenue was up 1.4% compared to the same quarter last year. As a group, equities analysts expect that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International announced that its board has approved a stock buyback program on Friday, June 13th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 13.4% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's management believes its stock is undervalued.

Johnson Controls International Dividend Announcement

The firm 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 $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Monday, June 23rd. Johnson Controls International's dividend payout ratio is presently 39.47%.

Johnson Controls International Company 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.