Dakota Wealth Management Purchases 12,815 Shares of Johnson Controls International plc (NYSE:JCI)

Dakota Wealth Management boosted its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 450.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,662 shares of the company's stock after purchasing an additional 12,815 shares during the period. Dakota Wealth Management's holdings in Johnson Controls International were worth $1,255,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in JCI. Cornerstone Planning Group LLC increased its holdings in 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 purchasing an additional 155 shares in the last quarter. Community Bank N.A. acquired a new position in Johnson Controls International during the first quarter valued at approximately $32,000. Crowley Wealth Management Inc. acquired a new position in Johnson Controls International during the fourth quarter valued at approximately $42,000. Rossby Financial LCC acquired a new position in Johnson Controls International during the first quarter valued at approximately $42,000. Finally, Bartlett & CO. Wealth Management LLC acquired a new position in Johnson Controls International during the first quarter valued at approximately $43,000. Institutional investors own 90.05% of the company's stock.

Johnson Controls International Stock Performance

JCI stock traded up $1.43 during mid-day trading on Thursday, hitting $108.71. 1,539,288 shares of the company were exchanged, compared to its average volume of 4,337,522. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.48. Johnson Controls International plc has a 1-year low of $64.31 and a 1-year high of $108.94. The business has a 50 day simple moving average of $101.96 and a 200-day simple moving average of $88.47. The stock has a market capitalization of $71.54 billion, a PE ratio of 29.00, a price-to-earnings-growth ratio of 1.92 and a beta of 1.31.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share for the quarter, beating analysts' consensus estimates 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 company had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.64 billion. During the same period in the previous year, the business earned $0.78 earnings per share. The firm's quarterly revenue was up 1.4% on a year-over-year basis. On average, equities analysts forecast that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International announced that its Board of Directors has authorized a stock repurchase program 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 shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

Johnson Controls International Announces Dividend

The company 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. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.36%. Johnson Controls International's dividend payout ratio (DPR) is 39.47%.

Insider Activity

In related news, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $104.82, for a total value of $149,054.04. Following the transaction, the vice president directly owned 141,860 shares of the company's stock, valued at $14,869,765.20. This trade represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Anuruddha Rathninde sold 15,000 shares of the business's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $103.13, for a total transaction of $1,546,950.00. Following the sale, the vice president directly owned 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. Over the last ninety days, insiders sold 147,555 shares of company stock valued at $13,705,106. 0.54% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on JCI shares. The Goldman Sachs Group lifted their price target on Johnson Controls International from $103.00 to $116.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Wells Fargo & Company lifted 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. Deutsche Bank Aktiengesellschaft upgraded Johnson Controls International from a "hold" rating to a "buy" rating and lifted their price target for the stock from $101.00 to $112.00 in a report on Monday, May 12th. Morgan Stanley lifted their price target on Johnson Controls International from $105.00 to $115.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Finally, UBS Group reiterated a "buy" rating and set a $116.00 price target (up previously from $103.00) on shares of Johnson Controls International in a report on Thursday, May 22nd. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $103.18.

Johnson Controls International Company 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.