Iowa State Bank Acquires Shares of 19,057 Johnson Controls International plc (NYSE:JCI)

Iowa State Bank purchased a new stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 19,057 shares of the company's stock, valued at approximately $1,527,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Compass Financial Services Inc purchased a new stake in shares of Johnson Controls International in the fourth quarter worth approximately $26,000. SBI Securities Co. Ltd. purchased a new stake in shares of Johnson Controls International during the fourth quarter worth $29,000. Synergy Asset Management LLC purchased a new stake in shares of Johnson Controls International during the fourth quarter worth $42,000. Crowley Wealth Management Inc. purchased a new stake in shares of Johnson Controls International during the fourth quarter worth $42,000. Finally, Gables Capital Management Inc. grew its stake in shares of Johnson Controls International by 132.0% during the fourth quarter. Gables Capital Management Inc. now owns 580 shares of the company's stock worth $46,000 after purchasing an additional 330 shares in the last quarter. 90.05% of the stock is owned by institutional investors.

Johnson Controls International Trading Up 0.1%

Shares of NYSE:JCI traded up $0.10 during mid-day trading on Thursday, hitting $102.43. The stock had a trading volume of 1,426,525 shares, compared to its average volume of 4,270,002. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02. The company has a market cap of $67.40 billion, a PE ratio of 39.10, a P/E/G ratio of 1.96 and a beta of 1.28. Johnson Controls International plc has a 12-month low of $64.31 and a 12-month high of $106.00. The company's 50 day moving average is $87.01 and its 200-day moving average is $83.93.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.77 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. The business had revenue of $5.68 billion for the quarter, compared to analysts' expectations of $5.64 billion. During the same period in the previous year, the company posted $0.78 EPS. Johnson Controls International's revenue was up 1.4% on a year-over-year basis. On average, sell-side analysts predict that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 24th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend was Monday, March 24th. Johnson Controls International's dividend payout ratio is presently 39.47%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on JCI shares. JPMorgan Chase & Co. boosted their target price on shares of Johnson Controls International from $81.00 to $98.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Morgan Stanley boosted their target price 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. Barclays boosted their target price on shares of Johnson Controls International from $85.00 to $90.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 14th. Wells Fargo & Company boosted their target price on shares of Johnson Controls International from $100.00 to $130.00 and gave the stock an "overweight" rating in a research note on Wednesday. Finally, Robert W. Baird lifted their price target on shares of Johnson Controls International from $84.00 to $90.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, Johnson Controls International currently has a consensus rating of "Moderate Buy" and a consensus price target of $97.88.

Insider Buying and Selling

In related news, VP Nathan D. Manning sold 1,422 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $79.72, for a total value of $113,361.84. Following the completion of the sale, the vice president now owns 145,502 shares of the company's stock, valued at $11,599,419.44. This trade represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director George Oliver sold 100,000 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $91.70, for a total transaction of $9,170,000.00. Following the completion of the transaction, the director now directly owns 904,305 shares in the company, valued at approximately $82,924,768.50. The trade was a 9.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 332,555 shares of company stock worth $27,989,126. Corporate insiders own 0.54% of the company's stock.

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.