Fifth Third Wealth Advisors LLC Boosts Holdings in Johnson Controls International plc (NYSE:JCI)

Fifth Third Wealth Advisors LLC raised its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 44.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,851 shares of the company's stock after buying an additional 3,970 shares during the quarter. Fifth Third Wealth Advisors LLC's holdings in Johnson Controls International were worth $1,029,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in JCI. Parallel Advisors LLC increased its position in Johnson Controls International by 5.2% during the first quarter. Parallel Advisors LLC now owns 8,404 shares of the company's stock worth $673,000 after acquiring an additional 418 shares during the period. GAMMA Investing LLC grew its position in shares of Johnson Controls International by 10,137.2% during the 1st quarter. GAMMA Investing LLC now owns 1,179,219 shares of the company's stock worth $94,467,000 after purchasing an additional 1,167,700 shares in the last quarter. Central Pacific Bank Trust Division increased its holdings in shares of Johnson Controls International by 17.8% during the first quarter. Central Pacific Bank Trust Division now owns 36,454 shares of the company's stock worth $2,920,000 after purchasing an additional 5,501 shares during the period. Versant Capital Management Inc raised its position in shares of Johnson Controls International by 399.0% in the first quarter. Versant Capital Management Inc now owns 6,762 shares of the company's stock valued at $542,000 after buying an additional 5,407 shares in the last quarter. Finally, Kera Capital Partners Inc. acquired a new stake in shares of Johnson Controls International in the first quarter valued at approximately $271,000. Institutional investors own 90.05% of the company's stock.

Insiders Place Their Bets

In other news, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $79.72, for a total transaction of $113,361.84. Following the sale, the vice president now owns 145,502 shares in the company, valued at $11,599,419.44. This represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director George Oliver sold 15,669 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $77.49, for a total value of $1,214,190.81. Following the sale, the director now owns 1,003,893 shares in the company, valued at approximately $77,791,668.57. This represents a 1.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 332,555 shares of company stock valued at $27,989,126 over the last 90 days. Insiders own 0.54% of the company's stock.

Johnson Controls International Stock Down 0.1%

NYSE JCI traded down $0.06 on Thursday, reaching $102.27. The company had a trading volume of 909,634 shares, compared to its average volume of 4,648,406. Johnson Controls International plc has a 52-week low of $64.31 and a 52-week high of $102.97. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. The company's fifty day moving average is $87.01 and its 200 day moving average is $83.93. The stock has a market capitalization of $67.30 billion, a P/E ratio of 39.04, a P/E/G ratio of 1.96 and a beta of 1.28.

Johnson Controls International (NYSE:JCI - Get Free Report) last released 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. The business had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.64 billion. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. The business's revenue for the quarter was up 1.4% on a year-over-year basis. During the same period last year, the business posted $0.78 earnings per share. Sell-side analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 24th were given a dividend of $0.37 per share. The ex-dividend date was Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a yield of 1.45%. Johnson Controls International's payout ratio is 39.47%.

Analyst Ratings Changes

JCI has been the subject of several recent analyst reports. Robert W. Baird upped their price objective on shares of Johnson Controls International from $84.00 to $90.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. 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 report on Friday, May 16th. Vertical Research upgraded shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 price target on the stock in a research report on Thursday, May 8th. Oppenheimer boosted their price objective on shares of Johnson Controls International from $90.00 to $96.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Finally, Wells Fargo & Company raised their target price on Johnson Controls International from $100.00 to $130.00 and gave the company an "overweight" rating in a report on Wednesday. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $97.88.

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.