Johnson Controls International plc (NYSE:JCI) Shares Acquired by TKG Advisors LLC

TKG Advisors LLC increased its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 100.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,908 shares of the company's stock after acquiring an additional 13,483 shares during the quarter. TKG Advisors LLC's holdings in Johnson Controls International were worth $2,156,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in Johnson Controls International during the 4th quarter worth $29,000. Community Bank N.A. purchased a new position in Johnson Controls International during the 1st quarter worth $32,000. Rossby Financial LCC purchased a new position in Johnson Controls International during the 1st quarter worth $42,000. Crowley Wealth Management Inc. purchased a new position in Johnson Controls International during the 4th quarter worth $42,000. Finally, Bartlett & CO. Wealth Management LLC purchased a new position in Johnson Controls International during the 1st quarter worth $43,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Controls International Price Performance

Shares of NYSE JCI traded up $1.48 during midday trading on Friday, hitting $106.55. The company had a trading volume of 2,981,953 shares, compared to its average volume of 4,325,147. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.48. Johnson Controls International plc has a twelve month low of $64.31 and a twelve month high of $106.96. The business has a 50-day simple moving average of $98.79 and a two-hundred day simple moving average of $87.15. The firm has a market capitalization of $70.11 billion, a price-to-earnings ratio of 28.41, a price-to-earnings-growth ratio of 1.96 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 EPS for the quarter, beating the consensus estimate of $0.77 by $0.05. The firm had revenue of $5.68 billion during the quarter, compared to analysts' expectations of $5.64 billion. Johnson Controls International had a net margin of 10.19% and a return on equity of 15.13%. The business's revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.78 earnings per share. Equities research analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 23rd will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Monday, June 23rd. Johnson Controls International's payout ratio is currently 39.47%.

Johnson Controls International declared that its board has authorized a share repurchase plan on Friday, June 13th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to reacquire up to 13.4% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

JCI has been the topic of several research reports. 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 research report on Friday, May 16th. Deutsche Bank Aktiengesellschaft upgraded shares of Johnson Controls International from a "hold" rating to a "buy" rating and raised their target price for the stock from $101.00 to $112.00 in a research note on Monday, May 12th. Barclays raised their target price on shares of Johnson Controls International from $85.00 to $90.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 14th. Vertical Research upgraded shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 target price for the company in a research note on Thursday, May 8th. Finally, Royal Bank Of Canada raised their target price on shares of Johnson Controls International from $82.00 to $98.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 8th. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Johnson Controls International presently has a consensus rating of "Moderate Buy" and an average price target of $97.88.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International 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 completion of the transaction, the vice president owned 141,860 shares in the company, valued at approximately $14,869,765.20. The trade was a 0.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction of $2,572,035.88. Following the transaction, the chief financial officer owned 147,673 shares of the company's stock, valued at approximately $13,426,429.16. The trade was a 16.08% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 147,555 shares of company stock worth $13,705,106. 0.54% of the stock is currently owned by insiders.

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.