Wealthfront Advisers LLC Has $3.73 Million Position in Johnson Controls International plc (NYSE:JCI)

Wealthfront Advisers LLC lifted its stake in Johnson Controls International plc (NYSE:JCI - Free Report) by 124.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 46,511 shares of the company's stock after purchasing an additional 25,788 shares during the period. Wealthfront Advisers LLC's holdings in Johnson Controls International were worth $3,726,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Strategic Blueprint LLC increased its stake in shares of Johnson Controls International by 4.3% in the 1st quarter. Strategic Blueprint LLC now owns 2,980 shares of the company's stock valued at $239,000 after buying an additional 123 shares during the period. SeaCrest Wealth Management LLC increased its position in Johnson Controls International by 2.7% in the first quarter. SeaCrest Wealth Management LLC now owns 5,060 shares of the company's stock worth $405,000 after purchasing an additional 135 shares during the period. Abacus Planning Group Inc. raised its holdings in Johnson Controls International by 5.2% during the 1st quarter. Abacus Planning Group Inc. now owns 2,714 shares of the company's stock worth $217,000 after purchasing an additional 135 shares during the last quarter. HighPoint Advisor Group LLC raised its holdings in Johnson Controls International by 1.8% during the 4th quarter. HighPoint Advisor Group LLC now owns 8,852 shares of the company's stock worth $699,000 after purchasing an additional 154 shares during the last quarter. Finally, Cornerstone Planning Group LLC lifted its position 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 during the period. Institutional investors own 90.05% of the company's stock.

Johnson Controls International Stock Up 0.0%

Shares of NYSE JCI traded up $0.02 during mid-day trading on Friday, reaching $108.97. 3,219,955 shares of the company's stock were exchanged, compared to its average volume of 4,337,900. Johnson Controls International plc has a twelve month low of $64.31 and a twelve month high of $109.56. 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 firm has a market capitalization of $71.71 billion, a price-to-earnings ratio of 29.06, a PEG ratio of 2.00 and a beta of 1.31. The business has a fifty day simple moving average of $102.31 and a 200 day simple moving average of $88.68.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.05. Johnson Controls International had a return on equity of 15.13% and a net margin of 10.19%. The business had revenue of $5.68 billion during the quarter, compared to analysts' expectations of $5.64 billion. During the same period in the prior year, the business earned $0.78 EPS. Johnson Controls International's revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, equities analysts expect that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International declared that its Board of Directors has authorized a stock repurchase program on Friday, June 13th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to purchase up to 13.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company's leadership believes its shares are undervalued.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 23rd will be given a $0.37 dividend. The ex-dividend date is Monday, June 23rd. This represents a $1.48 annualized dividend and a yield of 1.36%. Johnson Controls International's dividend payout ratio is currently 39.47%.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, CFO Marc Vandiepenbeeck sold 28,289 shares of Johnson Controls International stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $90.92, for a total value of $2,572,035.88. Following the sale, the chief financial officer owned 147,673 shares of the company's stock, valued at $13,426,429.16. This trade represents a 16.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director George Oliver sold 100,000 shares of the business's stock in a transaction dated 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 owned 904,305 shares in the company, 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 a total of 147,555 shares of company stock valued at $13,705,106 in the last quarter. 0.54% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on JCI. The Goldman Sachs Group lifted their price target on shares of Johnson Controls International from $103.00 to $116.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Barclays raised their price objective on shares of Johnson Controls International from $90.00 to $100.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 9th. Robert W. Baird upped their target price on shares of Johnson Controls International from $90.00 to $110.00 and gave the company a "neutral" rating in a research report on Thursday. Vertical Research raised Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 price target on the stock in a research note on Thursday, May 8th. Finally, Morgan Stanley raised their price target on Johnson Controls International from $105.00 to $115.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Johnson Controls International presently has an average rating of "Moderate Buy" and an average target price of $103.18.

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.