KLP Kapitalforvaltning AS Boosts Stock Position in Johnson Controls International plc (NYSE:JCI)

KLP Kapitalforvaltning AS lifted its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 4.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 248,901 shares of the company's stock after acquiring an additional 9,600 shares during the quarter. KLP Kapitalforvaltning AS's holdings in Johnson Controls International were worth $20,032,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC purchased a new position in shares of Johnson Controls International in the fourth quarter worth about $222,000. Bank Pictet & Cie Europe AG boosted its holdings in Johnson Controls International by 67.4% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 88,569 shares of the company's stock worth $6,991,000 after buying an additional 35,655 shares during the period. Proficio Capital Partners LLC grew its stake in Johnson Controls International by 26.0% in the 4th quarter. Proficio Capital Partners LLC now owns 6,139 shares of the company's stock valued at $485,000 after buying an additional 1,266 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in Johnson Controls International by 773.5% during the 4th quarter. Teacher Retirement System of Texas now owns 39,403 shares of the company's stock valued at $3,110,000 after acquiring an additional 34,892 shares during the period. Finally, LPL Financial LLC lifted its position in shares of Johnson Controls International by 30.8% during the fourth quarter. LPL Financial LLC now owns 603,057 shares of the company's stock worth $47,599,000 after acquiring an additional 141,880 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company's stock.

Johnson Controls International Price Performance

JCI stock traded up $1.83 during mid-day trading on Friday, hitting $111.85. 4,130,778 shares of the stock were exchanged, compared to its average volume of 3,956,660. The business has a fifty day moving average price of $103.98 and a 200 day moving average price of $90.00. Johnson Controls International plc has a 12 month low of $64.31 and a 12 month high of $112.00. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.81. The stock has a market capitalization of $73.60 billion, a price-to-earnings ratio of 29.83, a PEG ratio of 2.05 and a beta of 1.31.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $5.68 billion for the quarter, compared to analysts' expectations of $5.64 billion. Johnson Controls International had a return on equity of 15.13% and a net margin of 10.19%. Johnson Controls International's revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the firm posted $0.78 EPS. On average, sell-side analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International declared that its Board of Directors has initiated 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 reacquire up to 13.4% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its shares are undervalued.

Johnson Controls International Announces Dividend

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 was Monday, June 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.32%. Johnson Controls International's dividend payout ratio (DPR) is 39.47%.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, CFO Marc Vandiepenbeeck sold 28,289 shares of the business's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $90.92, for a total value of $2,572,035.88. Following the completion of the sale, the chief financial officer directly owned 147,673 shares of the company's stock, valued at $13,426,429.16. The trade was a 16.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $104.82, for a total transaction of $149,054.04. Following the sale, the vice president owned 141,860 shares of the company's stock, valued at approximately $14,869,765.20. The trade was a 0.99% 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 worth $13,705,106 in the last quarter. 0.54% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on JCI shares. Oppenheimer cut Johnson Controls International from an "outperform" rating to a "market perform" rating in a research report on Friday, June 20th. Wells Fargo & Company lifted 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, June 4th. Morgan Stanley upped their price target on Johnson Controls International from $105.00 to $115.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. UBS Group restated a "buy" rating and issued a $116.00 price objective (up from $103.00) on shares of Johnson Controls International in a research report on Thursday, May 22nd. Finally, Jefferies Financial Group reaffirmed a "hold" rating and set a $120.00 price objective on shares of Johnson Controls International in a research note on Thursday. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $104.11.

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.