Grandfield & Dodd LLC Decreases Holdings in Johnson Controls International plc (NYSE:JCI)

Grandfield & Dodd LLC lessened its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 0.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 591,933 shares of the company's stock after selling 4,501 shares during the period. Johnson Controls International comprises 2.9% of Grandfield & Dodd LLC's investment portfolio, making the stock its 8th largest holding. Grandfield & Dodd LLC owned about 0.09% of Johnson Controls International worth $47,420,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Cerity Partners LLC boosted its position in Johnson Controls International by 69.8% during the first quarter. Cerity Partners LLC now owns 113,059 shares of the company's stock valued at $9,057,000 after purchasing an additional 46,459 shares during the last quarter. G&S Capital LLC raised its holdings in shares of Johnson Controls International by 81.4% during the 1st quarter. G&S Capital LLC now owns 30,342 shares of the company's stock valued at $2,431,000 after purchasing an additional 13,612 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Johnson Controls International by 27.8% during the 1st quarter. GAMMA Investing LLC now owns 14,720 shares of the company's stock valued at $1,179,000 after purchasing an additional 3,201 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Johnson Controls International by 2,213.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 709,431 shares of the company's stock valued at $57,748,000 after purchasing an additional 678,766 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC boosted its holdings in Johnson Controls International by 22.4% in the first quarter. Dynamic Advisor Solutions LLC now owns 5,987 shares of the company's stock worth $480,000 after purchasing an additional 1,096 shares in the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Johnson Controls International news, VP Anuruddha Rathninde sold 15,000 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $103.13, for a total transaction of $1,546,950.00. Following the sale, the vice president directly owned 42,574 shares of the company's stock, valued at approximately $4,390,656.62. This represents a 26.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Marc Vandiepenbeeck sold 28,289 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $90.92, for a total value of $2,572,035.88. Following the completion of the transaction, the chief financial officer directly owned 147,673 shares in the company, valued at $13,426,429.16. The trade was a 16.08% decrease in their ownership of the stock. 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. Company insiders own 0.54% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on JCI. UBS Group reaffirmed a "buy" rating and issued a $116.00 price target (up previously from $103.00) on shares of Johnson Controls International in a research report on Thursday, May 22nd. Deutsche Bank Aktiengesellschaft raised 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 research report on Monday, May 12th. Citigroup reissued a "neutral" rating and issued a $110.00 price target (up previously from $94.00) on shares of Johnson Controls International in a research report on Monday. Oppenheimer downgraded shares of Johnson Controls International from an "outperform" rating to a "market perform" rating in a report on Friday, June 20th. Finally, JPMorgan Chase & Co. lifted their price target on Johnson Controls International from $81.00 to $98.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $103.18.

Johnson Controls International Price Performance

Shares of Johnson Controls International stock traded up $1.70 during trading on Thursday, hitting $108.98. 1,877,583 shares of the company's stock traded hands, compared to its average volume of 4,339,559. The company has a market cap of $71.72 billion, a PE ratio of 29.01, a PEG ratio of 1.92 and a beta of 1.31. The firm's fifty day moving average price is $101.96 and its 200 day moving average price is $88.47. Johnson Controls International plc has a twelve month low of $64.31 and a twelve month high of $108.94. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.81.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its quarterly earnings data 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 company had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.64 billion. Johnson Controls International had a return on equity of 15.13% and a net margin of 10.19%. The company's revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.78 EPS. Analysts forecast that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International announced that its Board of Directors has approved a share repurchase program 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 programs are often an indication that the company's leadership believes its shares are undervalued.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 23rd will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Monday, June 23rd. Johnson Controls International's payout ratio is 39.47%.

Johnson Controls International 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.