Johnson Controls International plc (NYSE:JCI) Stake Lowered by Jaffetilchin Investment Partners LLC

Jaffetilchin Investment Partners LLC trimmed its holdings in Johnson Controls International plc (NYSE:JCI - Free Report) by 8.2% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 30,120 shares of the company's stock after selling 2,684 shares during the period. Jaffetilchin Investment Partners LLC's holdings in Johnson Controls International were worth $2,413,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in JCI. Wealthcare Advisory Partners LLC lifted its position in Johnson Controls International by 9.0% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 3,982 shares of the company's stock worth $319,000 after acquiring an additional 328 shares during the period. Dynamic Advisor Solutions LLC lifted its holdings in shares of Johnson Controls International by 22.4% during the first quarter. Dynamic Advisor Solutions LLC now owns 5,987 shares of the company's stock worth $480,000 after purchasing an additional 1,096 shares during the period. Sowell Financial Services LLC purchased a new position in Johnson Controls International in the 1st quarter valued at $216,000. Cambridge Investment Research Advisors Inc. increased its stake in Johnson Controls International by 2.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 86,617 shares of the company's stock valued at $6,939,000 after buying an additional 2,456 shares during the period. Finally, Exchange Traded Concepts LLC raised its position in Johnson Controls International by 10.6% during the 1st quarter. Exchange Traded Concepts LLC now owns 1,722 shares of the company's stock worth $138,000 after buying an additional 165 shares during the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Controls International Stock Performance

JCI stock traded up $0.46 during midday trading on Monday, reaching $105.53. The company had a trading volume of 5,069,601 shares, compared to its average volume of 4,312,983. The firm has a market capitalization of $69.44 billion, a PE ratio of 28.14, a P/E/G ratio of 2.30 and a beta of 1.33. The stock has a 50 day moving average price of $96.04 and a 200 day moving average price of $86.29. Johnson Controls International plc has a fifty-two week low of $64.31 and a fifty-two week high of $105.89. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.48.

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 the consensus estimate of $0.77 by $0.05. The firm had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.64 billion. Johnson Controls International had a net margin of 10.19% and a return on equity of 15.13%. Johnson Controls International's quarterly revenue was up 1.4% compared to the same quarter last year. During the same period last year, the firm posted $0.78 EPS. Analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Announces Dividend

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

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on JCI. Oppenheimer downgraded shares of Johnson Controls International from an "outperform" rating to a "market perform" rating in a report on Friday, June 20th. Royal Bank Of Canada increased their target price on 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. Barclays lifted their price target on Johnson Controls International from $85.00 to $90.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. Morgan Stanley raised their target price on Johnson Controls International from $105.00 to $115.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Finally, JPMorgan Chase & Co. upped their price target 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. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, Johnson Controls International presently has an average rating of "Moderate Buy" and an average price target of $97.88.

Insider Transactions at Johnson Controls International

In related news, Director George Oliver sold 100,000 shares of the company'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 value of $9,170,000.00. Following the completion of the sale, the director now owns 904,305 shares in the company, valued at approximately $82,924,768.50. This represents a 9.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Anuruddha Rathninde sold 15,000 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $103.13, for a total transaction of $1,546,950.00. Following the sale, the vice president now directly owns 42,574 shares in the company, valued at approximately $4,390,656.62. This trade represents a 26.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 147,555 shares of company stock valued at $13,669,414. Company 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.