Jackson Creek Investment Advisors LLC Buys Shares of 9,423 Johnson Controls International plc (NYSE:JCI)

Jackson Creek Investment Advisors LLC acquired a new position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,423 shares of the company's stock, valued at approximately $755,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cornerstone Planning Group LLC grew its stake in shares of Johnson Controls International by 74.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 363 shares of the company's stock worth $28,000 after acquiring an additional 155 shares in the last quarter. Community Bank N.A. acquired a new stake in Johnson Controls International during the 1st quarter valued at $32,000. Crowley Wealth Management Inc. bought a new position in shares of Johnson Controls International in the fourth quarter valued at about $42,000. Rossby Financial LCC acquired a new stake in Johnson Controls International during the first quarter worth approximately $42,000. Finally, Bartlett & CO. Wealth Management LLC acquired a new stake in Johnson Controls International during the 1st quarter worth approximately $43,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Anuruddha Rathninde sold 15,000 shares of the business's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $103.13, for a total value of $1,546,950.00. Following the sale, the vice president owned 42,574 shares of the company's stock, valued at $4,390,656.62. The trade was a 26.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $104.82, for a total value of $149,054.04. Following the sale, the vice president directly owned 141,860 shares in the company, valued at $14,869,765.20. This trade represents a 0.99% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have 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 opened at $108.97 on Friday. Johnson Controls International plc has a 12 month low of $64.31 and a 12 month high of $109.40. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.48. The firm's fifty day simple moving average is $102.65 and its two-hundred day simple moving average is $88.88. The stock has a market capitalization of $71.71 billion, a P/E ratio of 29.06, a price-to-earnings-growth ratio of 2.00 and a beta of 1.31.

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 for the quarter, topping the consensus estimate of $0.77 by $0.05. Johnson Controls International had a net margin of 10.19% and a return on equity of 15.13%. The firm had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.64 billion. During the same quarter in the prior year, the company posted $0.78 earnings per share. The business's revenue was up 1.4% on a year-over-year basis. As a group, analysts predict that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International announced that its board has initiated a stock buyback plan on Friday, June 13th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to buy up to 13.4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board believes its shares are undervalued.

Johnson Controls International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Monday, June 23rd were paid a $0.37 dividend. The ex-dividend date was Monday, June 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.36%. Johnson Controls International's payout ratio is presently 39.47%.

Analyst Ratings Changes

JCI has been the subject of a number of recent research reports. The Goldman Sachs Group boosted their target price on shares of Johnson Controls International from $103.00 to $116.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. 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. UBS Group reiterated a "buy" rating and set a $116.00 target price (up from $103.00) on shares of Johnson Controls International in a research report on Thursday, May 22nd. Deutsche Bank Aktiengesellschaft raised shares of Johnson Controls International from a "hold" rating to a "buy" rating and upped their price target for the stock from $101.00 to $112.00 in a report on Monday, May 12th. Finally, Vertical Research raised Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 target price for the company in a research note on Thursday, May 8th. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $103.18.

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.

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