Johnson Controls International plc (NYSE:JCI) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC increased its stake in Johnson Controls International plc (NYSE:JCI - Free Report) by 27.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,720 shares of the company's stock after buying an additional 3,201 shares during the period. GAMMA Investing LLC's holdings in Johnson Controls International were worth $1,179,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC bought a new stake in Johnson Controls International during the 4th quarter valued at $222,000. Bank Pictet & Cie Europe AG increased its stake in shares of Johnson Controls International by 67.4% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 88,569 shares of the company's stock valued at $6,991,000 after buying an additional 35,655 shares during the period. IFP Advisors Inc raised its holdings in shares of Johnson Controls International by 22.4% in the fourth quarter. IFP Advisors Inc now owns 5,540 shares of the company's stock valued at $440,000 after acquiring an additional 1,014 shares in the last quarter. Flputnam Investment Management Co. raised its holdings in shares of Johnson Controls International by 11.0% in the fourth quarter. Flputnam Investment Management Co. now owns 5,545 shares of the company's stock valued at $438,000 after acquiring an additional 550 shares in the last quarter. Finally, SVB Wealth LLC purchased a new stake in Johnson Controls International in the fourth quarter worth about $422,000. Institutional investors own 90.05% of the company's stock.

Johnson Controls International Stock Up 0.4%

JCI stock traded up $0.44 on Tuesday, hitting $106.06. 290,296 shares of the company's stock were exchanged, compared to its average volume of 4,297,768. The firm has a 50 day moving average price of $96.66 and a two-hundred day moving average price of $86.45. Johnson Controls International plc has a 12-month low of $64.31 and a 12-month high of $107.44. The stock has a market cap of $69.79 billion, a P/E ratio of 28.23, a price-to-earnings-growth ratio of 2.30 and a beta of 1.33. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.81 and a current ratio of 0.96.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $5.64 billion. During the same quarter last year, the company earned $0.78 earnings per share. The company's quarterly revenue was up 1.4% on a year-over-year basis. As a group, equities research analysts expect that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International announced that its board has approved a share buyback program on Friday, June 13th that permits the company to buyback $9.00 billion in shares. This buyback authorization permits the company to buy up to 13.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its stock is undervalued.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 23rd will be paid a dividend of $0.37 per share. The ex-dividend date is Monday, June 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.40%. Johnson Controls International's payout ratio is 39.47%.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, Director George Oliver sold 100,000 shares of Johnson Controls International 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 owned 904,305 shares of the company's stock, valued at approximately $82,924,768.50. The trade was a 9.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Anuruddha Rathninde sold 15,000 shares of the business'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 sale, the vice president 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. In the last three months, insiders sold 146,133 shares of company stock worth $13,556,052. Corporate insiders own 0.54% of the company's stock.

Wall Street Analysts Forecast Growth

JCI has been the topic of a number of research reports. Citigroup cut their target price on shares of Johnson Controls International from $95.00 to $85.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Oppenheimer downgraded shares of Johnson Controls International from an "outperform" rating to a "market perform" rating in a research note on Friday, June 20th. Barclays lifted their price objective on shares of Johnson Controls International from $85.00 to $90.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. Deutsche Bank Aktiengesellschaft upgraded Johnson Controls International from a "hold" rating to a "buy" rating and upped their target price for the stock from $101.00 to $112.00 in a report on Monday, May 12th. Finally, JPMorgan Chase & Co. lifted their price target on Johnson Controls International from $81.00 to $98.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Johnson Controls International currently has an average rating of "Moderate Buy" and a consensus price target 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.