Impax Asset Management Group plc Takes $629,000 Position in Johnson Controls International plc (NYSE:JCI)

Impax Asset Management Group plc bought a new position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,856 shares of the company's stock, valued at approximately $629,000.

Several other large investors also recently made changes to their positions in the business. SBI Securities Co. Ltd. acquired a new position in Johnson Controls International in the fourth quarter valued at about $29,000. Community Bank N.A. acquired a new position in Johnson Controls International in the first quarter valued at about $32,000. Crowley Wealth Management Inc. acquired a new position in Johnson Controls International in the fourth quarter valued at about $42,000. Rossby Financial LCC acquired a new position in Johnson Controls International in the first quarter valued at about $42,000. Finally, Bartlett & CO. Wealth Management LLC acquired a new stake in shares of Johnson Controls International during the first quarter worth about $43,000. Institutional investors own 90.05% of the company's stock.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, Director George Oliver sold 100,000 shares of Johnson Controls International stock in a transaction on 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 completion of the transaction, the director directly owned 904,305 shares of the company's stock, valued at $82,924,768.50. The trade was a 9.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Marc Vandiepenbeeck sold 28,289 shares of Johnson Controls International stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $90.92, for a total value of $2,572,035.88. Following the completion of the transaction, the chief financial officer directly owned 147,673 shares of the company's stock, valued at $13,426,429.16. This represents a 16.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 147,555 shares of company stock valued at $13,705,106. 0.54% of the stock is currently owned by company insiders.

Johnson Controls International Stock Performance

Shares of JCI traded down $0.72 during mid-day trading on Monday, reaching $105.99. The company's stock had a trading volume of 3,524,799 shares, compared to its average volume of 4,321,943. Johnson Controls International plc has a 1-year low of $64.31 and a 1-year high of $107.06. The stock has a market cap of $69.75 billion, a P/E ratio of 28.26, a PEG ratio of 1.96 and a beta of 1.31. The business has a 50-day simple moving average of $98.79 and a two-hundred day simple moving average of $87.15. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.48.

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, beating analysts' consensus estimates of $0.77 by $0.05. The company had revenue of $5.68 billion during the quarter, compared to analysts' expectations of $5.64 billion. Johnson Controls International had a return on equity of 15.13% and a net margin of 10.19%. The business's revenue was up 1.4% on a year-over-year basis. During the same period last year, the firm posted $0.78 earnings per share. As a group, equities research analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International declared that its Board of Directors has initiated a stock buyback plan on Friday, June 13th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 13.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its stock is undervalued.

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 23rd will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $1.48 annualized dividend and a yield of 1.40%. Johnson Controls International's payout ratio is currently 39.47%.

Analyst Upgrades and Downgrades

JCI has been the topic of a number of research analyst reports. Oppenheimer lowered Johnson Controls International from an "outperform" rating to a "market perform" rating in a research report on Friday, June 20th. Robert W. Baird increased their price objective on Johnson Controls International from $84.00 to $90.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Wells Fargo & Company boosted their target price on Johnson Controls International from $100.00 to $130.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Royal Bank Of Canada raised their price target on shares of Johnson Controls International from $82.00 to $98.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 8th. Finally, Morgan Stanley raised their price target on shares of Johnson Controls International from $105.00 to $115.00 and gave the stock an "overweight" rating in a research note 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 company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target 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.