IFP Advisors Inc Has $1.02 Million Position in Johnson Controls International plc (NYSE:JCI)

IFP Advisors Inc increased its holdings in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 128.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,670 shares of the company's stock after acquiring an additional 7,130 shares during the quarter. IFP Advisors Inc's holdings in Johnson Controls International were worth $1,018,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Franklin Resources Inc. raised its stake in Johnson Controls International by 6.0% during the fourth quarter. Franklin Resources Inc. now owns 23,344,374 shares of the company's stock worth $1,842,571,000 after acquiring an additional 1,325,500 shares during the period. Invesco Ltd. increased its stake in shares of 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 during the period. Geode Capital Management LLC increased its stake in shares of 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 purchasing an additional 343,517 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of 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 purchasing an additional 305,185 shares during the period. Finally, Norges Bank acquired a new stake in shares of Johnson Controls International in the fourth quarter valued at approximately $560,549,000. Institutional investors and hedge funds own 90.05% of the company's stock.

Wall Street Analyst Weigh In

JCI has been the subject of a number of research reports. Citigroup restated a "neutral" rating and set a $110.00 target price (up from $94.00) on shares of Johnson Controls International in a report on Monday, July 14th. Jefferies Financial Group restated a "hold" rating and set a $120.00 target price on shares of Johnson Controls International in a report on Thursday. JPMorgan Chase & Co. raised their target price on shares of Johnson Controls International from $81.00 to $98.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Wells Fargo & Company raised their target price on shares of Johnson Controls International from $100.00 to $130.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Finally, Vertical Research upgraded shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 target price for the company in a report on Thursday, May 8th. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $104.11.

Johnson Controls International Stock Performance

Shares of JCI stock traded up $1.83 during trading on Friday, reaching $111.85. The company had a trading volume of 4,130,778 shares, compared to its average volume of 3,956,660. The firm's 50 day simple moving average is $103.98 and its two-hundred day simple moving average is $90.00. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.81. Johnson Controls International plc has a one year low of $64.31 and a one year high of $112.00. The company has a market capitalization of $73.60 billion, a PE ratio of 29.83, a PEG ratio of 2.05 and a beta of 1.31.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.82 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $5.64 billion. During the same period last year, the business earned $0.78 EPS. The firm's revenue was up 1.4% compared to the same quarter last year. Sell-side analysts forecast that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Monday, June 23rd were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Monday, June 23rd. Johnson Controls International's dividend payout ratio is 39.47%.

Johnson Controls International declared that its board has authorized a share buyback program on Friday, June 13th that permits the company to buyback $9.00 billion in shares. This buyback authorization permits the company to buy up to 13.4% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

Insider Activity

In other Johnson Controls International news, CFO Marc Vandiepenbeeck sold 28,289 shares of the business's stock in a transaction on 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. The trade was a 16.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the business'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 transaction, the vice president directly owned 141,860 shares of the company's stock, valued at approximately $14,869,765.20. This represents a 0.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold 147,555 shares of company stock worth $13,705,106 in the last 90 days. Insiders own 0.54% of the company's stock.

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.