Johnson Controls International plc (NYSE:JCI) Shares Acquired by Townsquare Capital LLC

Townsquare Capital LLC boosted its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 17.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,823 shares of the company's stock after purchasing an additional 2,730 shares during the period. Townsquare Capital LLC's holdings in Johnson Controls International were worth $1,508,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Accent Capital Management LLC acquired a new stake in Johnson Controls International during the 1st quarter valued at $26,000. Cornerstone Planning Group LLC grew 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 valued at $28,000 after purchasing 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. Rossby Financial LCC acquired a new stake in Johnson Controls International during the 1st quarter valued at $42,000. Finally, Bartlett & CO. Wealth Management LLC acquired a new stake in Johnson Controls International during the 1st quarter valued at $43,000. 90.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Citigroup raised their price objective on shares of Johnson Controls International from $110.00 to $112.00 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Royal Bank Of Canada raised their price objective on shares of Johnson Controls International from $112.00 to $114.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 30th. JPMorgan Chase & Co. raised their price objective on shares of Johnson Controls International from $81.00 to $98.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Oppenheimer lowered shares of Johnson Controls International from an "outperform" rating to a "market perform" rating in a report on Friday, June 20th. Finally, Wells Fargo & Company raised their price objective on shares of Johnson Controls International from $100.00 to $130.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $105.17.

Johnson Controls International Stock Down 0.7%

JCI stock opened at $105.93 on Thursday. Johnson Controls International plc has a 52 week low of $67.68 and a 52 week high of $112.63. The company has a market capitalization of $69.32 billion, a price-to-earnings ratio of 31.43, a price-to-earnings-growth ratio of 1.90 and a beta of 1.30. The firm's 50-day moving average is $105.54 and its two-hundred day moving average is $92.18. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.06. The company had revenue of $6.05 billion for the quarter, compared to analysts' expectations of $5.99 billion. Johnson Controls International had a net margin of 9.53% and a return on equity of 14.71%. On average, analysts forecast that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently disclosed 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 of this dividend was Monday, June 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.4%. Johnson Controls International's payout ratio is currently 43.92%.

Johnson Controls International declared that its board has authorized a stock repurchase program on Friday, June 13th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to purchase 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 stock is undervalued.

Insider Activity at Johnson Controls International

In other news, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $103.69, for a total value of $147,447.18. Following the transaction, the vice president owned 140,881 shares of the company's stock, valued at $14,607,950.89. The trade was a 1.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Anuruddha Rathninde sold 15,000 shares of Johnson Controls International stock in a transaction that occurred 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 completion of the transaction, the vice president directly owned 42,574 shares in the company, valued at $4,390,656.62. This represents a 26.05% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,266 shares of company stock worth $1,986,931 in the last ninety days. Corporate insiders own 0.54% of the company's stock.

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.

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