TKG Advisors LLC Buys 13,483 Shares of Johnson Controls International plc (NYSE:JCI)

TKG Advisors LLC grew its stake in Johnson Controls International plc (NYSE:JCI - Free Report) by 100.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in Johnson Controls International in the fourth quarter worth $29,000. Community Bank N.A. bought a new position in shares of Johnson Controls International during the first quarter valued at $32,000. Rossby Financial LCC bought a new position in shares of Johnson Controls International during the first quarter valued at $42,000. Crowley Wealth Management Inc. purchased a new stake in Johnson Controls International during the fourth quarter valued at $42,000. Finally, Bartlett & CO. Wealth Management LLC purchased a new stake in Johnson Controls International during the first quarter valued at $43,000. 90.05% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

JCI has been the subject of a number of research reports. Oppenheimer cut Johnson Controls International from an "outperform" rating to a "market perform" rating in a research report on Friday, June 20th. UBS Group reiterated a "buy" rating and set a $116.00 price objective (up previously from $103.00) on shares of Johnson Controls International in a research report on Thursday, May 22nd. Deutsche Bank Aktiengesellschaft upgraded Johnson Controls International from a "hold" rating to a "buy" rating and upped their price objective for the company from $101.00 to $112.00 in a research report on Monday, May 12th. Barclays upped their price objective on Johnson Controls International from $85.00 to $90.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 14th. Finally, Morgan Stanley upped their price objective 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. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $97.88.

Johnson Controls International Price Performance

Shares of NYSE:JCI traded up $1.48 during mid-day trading on Friday, reaching $106.55. The stock had a trading volume of 2,981,953 shares, compared to its average volume of 4,325,147. The business's 50 day moving average price is $98.79 and its 200 day moving average price is $87.03. Johnson Controls International plc has a 1 year low of $64.31 and a 1 year high of $106.96. The company has a market cap of $70.11 billion, a P/E ratio of 28.41, a price-to-earnings-growth ratio of 1.96 and a beta of 1.31. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.48.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.05. The business had revenue of $5.68 billion during 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%. The firm's revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.78 EPS. Research analysts expect that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

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

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

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, VP Nathan D. Manning sold 1,422 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The stock was 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 $14,869,765.20. This trade represents a 0.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Anuruddha Rathninde sold 15,000 shares of the firm's stock in a transaction that occurred on 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 transaction, the vice president owned 42,574 shares of the company's stock, valued at $4,390,656.62. This represents a 26.05% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 147,555 shares of company stock worth $13,705,106. 0.54% of the stock is owned by corporate insiders.

About Johnson Controls International

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.