Mutual of America Capital Management LLC decreased its holdings in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 4.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 76,782 shares of the company's stock after selling 3,257 shares during the quarter. Mutual of America Capital Management LLC's holdings in Johnson Controls International were worth $6,151,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Brighton Jones LLC purchased a new position in shares of Johnson Controls International in the 4th quarter worth approximately $222,000. Bank Pictet & Cie Europe AG boosted its stake in 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 worth $6,991,000 after buying an additional 35,655 shares during the period. Proficio Capital Partners LLC increased its position in Johnson Controls International by 26.0% during the fourth quarter. Proficio Capital Partners LLC now owns 6,139 shares of the company's stock valued at $485,000 after acquiring an additional 1,266 shares during the last quarter. Independent Advisor Alliance increased its position in Johnson Controls International by 47.6% during the fourth quarter. Independent Advisor Alliance now owns 8,454 shares of the company's stock valued at $667,000 after acquiring an additional 2,725 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Johnson Controls International by 13.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,041 shares of the company's stock valued at $161,000 after acquiring an additional 238 shares during the period. Institutional investors own 90.05% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the stock. Morgan Stanley lifted their price target on shares of Johnson Controls International from $105.00 to $115.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Wells Fargo & Company boosted their target price on Johnson Controls International from $100.00 to $130.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. UBS Group reiterated a "buy" rating and issued a $116.00 price target (up from $103.00) on shares of Johnson Controls International in a report on Thursday, May 22nd. JPMorgan Chase & Co. boosted their price objective on Johnson Controls International from $81.00 to $98.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Finally, Robert W. Baird upped their price objective on Johnson Controls International from $90.00 to $110.00 and gave the company a "neutral" rating in a research report on Thursday. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $103.18.
Get Our Latest Stock Report on Johnson Controls International
Johnson Controls International Stock Up 1.5%
NYSE JCI traded up $1.62 during trading on Thursday, reaching $108.90. 3,512,102 shares of the company's stock traded hands, compared to its average volume of 4,344,932. Johnson Controls International plc has a 12-month low of $64.31 and a 12-month high of $111.07. 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 firm has a market cap of $71.66 billion, a price-to-earnings ratio of 29.04, a price-to-earnings-growth ratio of 1.92 and a beta of 1.31. The company's 50 day simple moving average is $101.96 and its two-hundred day simple moving average is $88.47.
Johnson Controls International (NYSE:JCI - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.82 earnings per share (EPS) 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 net margin of 10.19% and a return on equity of 15.13%. Johnson Controls International's revenue was up 1.4% compared to the same quarter last year. During the same period last year, the company posted $0.78 earnings per share. As a group, sell-side analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.
Johnson Controls International Dividend Announcement
The business also recently declared 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. The ex-dividend date is Monday, June 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.36%. Johnson Controls International's dividend payout ratio is presently 39.47%.
Johnson Controls International declared that its Board of Directors has initiated a share repurchase program on Friday, June 13th that allows the company to buyback $9.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 13.4% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's management believes its stock is undervalued.
Insider Buying and Selling
In other Johnson Controls International news, 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 value of $2,572,035.88. Following the transaction, the chief financial officer 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director George Oliver sold 100,000 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $91.70, for a total transaction of $9,170,000.00. Following the sale, the director directly 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 147,555 shares of company stock valued at $13,705,106. 0.54% of the stock is currently owned by insiders.
About Johnson Controls International
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Free Report)
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.
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