Heartland Bank & Trust Co Makes New $730,000 Investment in Johnson Controls International plc (NYSE:JCI)

Heartland Bank & Trust Co bought a new stake in Johnson Controls International plc (NYSE:JCI - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 9,113 shares of the company's stock, valued at approximately $730,000.

A number of other large investors also recently bought and sold shares of JCI. Raymond James Financial Inc. acquired a new position in Johnson Controls International in the fourth quarter valued at approximately $568,309,000. Norges Bank acquired a new position in Johnson Controls International in the fourth quarter valued at approximately $560,549,000. Invesco Ltd. boosted its holdings 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 purchasing an additional 2,150,573 shares in the last quarter. Amundi boosted its holdings in Johnson Controls International by 76.7% in the fourth quarter. Amundi now owns 3,870,478 shares of the company's stock valued at $309,422,000 after purchasing an additional 1,680,431 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings 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 purchasing an additional 1,325,500 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

Johnson Controls International Price Performance

NYSE:JCI traded up $1.16 during trading hours on Monday, hitting $103.41. The company's stock had a trading volume of 5,556,208 shares, compared to its average volume of 4,313,825. The business's 50-day moving average is $93.39 and its two-hundred day moving average is $85.58. The company has a market capitalization of $68.05 billion, a PE ratio of 27.58, a PEG ratio of 2.24 and a beta of 1.33. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.81 and a current ratio of 0.96. Johnson Controls International plc has a 52-week low of $64.31 and a 52-week high of $105.19.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its quarterly earnings data 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 analysts' expectations of $5.64 billion. During the same quarter in the prior year, the business posted $0.78 earnings per share. Johnson Controls International's revenue was up 1.4% compared to the same quarter last year. As a group, research analysts anticipate 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 share repurchase program on Friday, June 13th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes the company to buy up to 13.4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its stock is undervalued.

Johnson Controls International Dividend Announcement

The company also recently declared 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 1.43%. The ex-dividend date is Monday, June 23rd. Johnson Controls International's dividend payout ratio is currently 39.47%.

Insider Activity

In related news, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $79.72, for a total transaction of $113,361.84. Following the completion of the sale, the vice president now owns 145,502 shares in the company, valued at approximately $11,599,419.44. This trade represents a 0.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director George Oliver sold 100,000 shares of Johnson Controls International stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $91.70, for a total value of $9,170,000.00. Following the sale, the director now owns 904,305 shares of the company's stock, valued at approximately $82,924,768.50. This represents a 9.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 147,555 shares of company stock worth $13,669,414 over the last 90 days. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

JCI has been the subject of a number of research analyst reports. Robert W. Baird upped their price target on Johnson Controls International from $84.00 to $90.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Barclays increased their price objective on Johnson Controls International from $85.00 to $90.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. Citigroup decreased their price objective on Johnson Controls International from $95.00 to $85.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Deutsche Bank Aktiengesellschaft raised Johnson Controls International from a "hold" rating to a "buy" rating and increased their price objective for the company from $101.00 to $112.00 in a report on Monday, May 12th. Finally, Morgan Stanley increased their price objective on Johnson Controls International from $105.00 to $115.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $97.88.

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.