Jackson Square Capital LLC 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 Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,050 shares of the company's stock, valued at approximately $645,000.
Several other institutional investors also recently modified their holdings of the stock. Jackson Hole Capital Partners LLC increased its holdings in shares of Johnson Controls International by 0.7% during the 4th quarter. Jackson Hole Capital Partners LLC now owns 18,621 shares of the company's stock valued at $1,470,000 after purchasing an additional 127 shares in the last quarter. SeaCrest Wealth Management LLC increased its holdings in Johnson Controls International by 2.7% in the 1st quarter. SeaCrest Wealth Management LLC now owns 5,060 shares of the company's stock worth $405,000 after acquiring an additional 135 shares in the last quarter. Abacus Planning Group Inc. increased its holdings in Johnson Controls International by 5.2% in the 1st quarter. Abacus Planning Group Inc. now owns 2,714 shares of the company's stock worth $217,000 after acquiring an additional 135 shares in the last quarter. Catalyst Financial Partners LLC increased its holdings in Johnson Controls International by 4.8% in the 4th quarter. Catalyst Financial Partners LLC now owns 3,154 shares of the company's stock worth $249,000 after acquiring an additional 144 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC increased its holdings in Johnson Controls International by 4.6% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 3,427 shares of the company's stock worth $270,000 after acquiring an additional 150 shares in the last quarter. Institutional investors own 90.05% of the company's stock.
Johnson Controls International Stock Performance
Johnson Controls International stock traded down $1.80 during midday trading on Friday, hitting $101.80. The company's stock had a trading volume of 5,424,562 shares, compared to its average volume of 4,300,896. Johnson Controls International plc has a 1-year low of $64.31 and a 1-year high of $104.15. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86. The company has a 50-day moving average price of $90.70 and a two-hundred day moving average price of $84.86. The company has a market cap of $66.99 billion, a price-to-earnings ratio of 38.86, a PEG ratio of 1.96 and a beta of 1.33.
Johnson Controls International (NYSE:JCI - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share (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 company had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.64 billion. During the same period in the previous year, the firm posted $0.78 EPS. The firm's revenue was up 1.4% on a year-over-year basis. As a group, sell-side analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current year.
Johnson Controls International Dividend Announcement
The business 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 $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.45%. The ex-dividend date is Monday, June 23rd. Johnson Controls International's dividend payout ratio (DPR) is currently 39.47%.
Johnson Controls International declared that its Board of Directors has approved 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 shares through open market purchases. Shares repurchase plans are generally an indication that the company's leadership believes its stock is undervalued.
Analyst Upgrades and Downgrades
JCI has been the topic of several recent research reports. Royal Bank of Canada lifted their target price 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. Morgan Stanley raised their price objective on shares of Johnson Controls International from $105.00 to $115.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Deutsche Bank Aktiengesellschaft upgraded shares of Johnson Controls International from a "hold" rating to a "buy" rating and upped their target price for the stock from $101.00 to $112.00 in a research note on Monday, May 12th. UBS Group reaffirmed a "buy" rating and issued a $116.00 price target (up from $103.00) on shares of Johnson Controls International in a report on Thursday, May 22nd. Finally, Citigroup reduced their target price on shares of Johnson Controls International from $95.00 to $85.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, Johnson Controls International presently has a consensus rating of "Moderate Buy" and an average target price of $97.88.
Read Our Latest Research Report on Johnson Controls International
Insider Activity
In other news, VP Nathan D. Manning sold 1,422 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $79.72, for a total transaction of $113,361.84. Following the sale, the vice president now directly owns 145,502 shares of the company's stock, valued at $11,599,419.44. This represents a 0.97% 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, VP Anuruddha Rathninde sold 15,000 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $103.13, for a total value of $1,546,950.00. Following the completion of the sale, the vice president now owns 42,574 shares in the company, valued at approximately $4,390,656.62. The trade was a 26.05% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 147,555 shares of company stock worth $13,669,414. Corporate insiders own 0.54% of the company's stock.
About Johnson Controls International
(
Free Report)
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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