Mirae Asset Global Investments Co. Ltd. Grows Stock Holdings in Johnson Controls International plc (NYSE:JCI)

Mirae Asset Global Investments Co. Ltd. boosted its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 67.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 131,134 shares of the company's stock after purchasing an additional 52,807 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Johnson Controls International were worth $10,505,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in shares of Johnson Controls International during the 4th quarter valued at about $29,000. Community Bank N.A. purchased a new position in shares of Johnson Controls International during the 1st quarter valued at about $32,000. Crowley Wealth Management Inc. purchased a new position in shares of Johnson Controls International during the 4th quarter valued at about $42,000. Bartlett & CO. Wealth Management LLC purchased a new stake in Johnson Controls International in the 1st quarter worth $43,000. Finally, Gables Capital Management Inc. increased its stake in Johnson Controls International by 132.0% in the 4th quarter. Gables Capital Management Inc. now owns 580 shares of the company's stock worth $46,000 after buying an additional 330 shares in the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Johnson Controls International

In related news, VP Anuruddha Rathninde sold 15,000 shares of the company's stock in a transaction dated 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 completion of the sale, the vice president directly owned 42,574 shares of the company's stock, valued at $4,390,656.62. This represents a 26.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director George Oliver sold 100,000 shares of the company's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $91.70, for a total transaction of $9,170,000.00. Following the completion of the sale, the director directly owned 904,305 shares of the company's stock, valued at approximately $82,924,768.50. This trade represents a 9.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 146,133 shares of company stock valued at $13,556,052 in the last ninety days. 0.54% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Barclays increased their price target on 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 price target on Johnson Controls International from $100.00 to $130.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Royal Bank Of Canada raised their target price on shares of Johnson Controls International from $82.00 to $98.00 and gave the company a "sector perform" rating in a report on Thursday, May 8th. Oppenheimer cut shares of Johnson Controls International from an "outperform" rating to a "market perform" rating in a research report on Friday, June 20th. Finally, Robert W. Baird boosted their price objective 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. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Johnson Controls International has a consensus rating of "Moderate Buy" and an average target price of $97.88.

Johnson Controls International Trading Down 1.0%

Shares of NYSE JCI traded down $1.04 during mid-day trading on Tuesday, reaching $104.58. The company had a trading volume of 4,994,661 shares, compared to its average volume of 4,315,712. The business's 50-day moving average is $96.66 and its 200-day moving average is $86.45. 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 stock has a market cap of $68.82 billion, a price-to-earnings ratio of 27.89, a price-to-earnings-growth ratio of 2.30 and a beta of 1.33. Johnson Controls International plc has a 52 week low of $64.31 and a 52 week high of $107.44.

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

Johnson Controls International announced that its board has authorized a share buyback program on Friday, June 13th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to repurchase up to 13.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

Johnson Controls International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 23rd will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date is Monday, June 23rd. Johnson Controls International's dividend payout ratio (DPR) is presently 39.47%.

About Johnson Controls International

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.