Johnson Controls International plc (NYSE:JCI) Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC cut its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 43.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,155 shares of the company's stock after selling 12,561 shares during the period. TD Private Client Wealth LLC's holdings in Johnson Controls International were worth $1,294,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. G&S Capital LLC raised its stake in Johnson Controls International by 81.4% during the first quarter. G&S Capital LLC now owns 30,342 shares of the company's stock worth $2,431,000 after purchasing an additional 13,612 shares during the period. GAMMA Investing LLC raised its stake in shares of Johnson Controls International by 27.8% in the 1st quarter. GAMMA Investing LLC now owns 14,720 shares of the company's stock valued at $1,179,000 after acquiring an additional 3,201 shares during the period. Allspring Global Investments Holdings LLC raised 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 acquiring an additional 678,766 shares during the period. Wealthcare Advisory Partners LLC raised its stake in shares of Johnson Controls International by 9.0% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 3,982 shares of the company's stock valued at $319,000 after acquiring an additional 328 shares during the period. Finally, Dynamic Advisor Solutions LLC raised its stake in shares of Johnson Controls International by 22.4% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 5,987 shares of the company's stock valued at $480,000 after acquiring an additional 1,096 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Controls International Stock Up 0.4%

Shares of NYSE:JCI traded up $0.42 during trading hours on Thursday, reaching $106.92. The stock had a trading volume of 1,392,662 shares, compared to its average volume of 4,661,652. Johnson Controls International plc has a 1 year low of $64.31 and a 1 year high of $107.20. The firm's 50 day moving average is $100.20 and its 200-day moving average is $87.58. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.81 and a current ratio of 0.96. The stock has a market capitalization of $70.36 billion, a price-to-earnings ratio of 28.52, a P/E/G ratio of 1.93 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 analysts' consensus estimates of $0.77 by $0.05. Johnson Controls International had a net margin of 10.19% and a return on equity of 15.13%. The company had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.64 billion. During the same period in the prior year, the firm posted $0.78 EPS. The company's quarterly revenue was up 1.4% compared to the same quarter last year. Research analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 23rd will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Monday, June 23rd. Johnson Controls International's dividend payout ratio is presently 39.47%.

Johnson Controls International declared that its board has approved a share buyback plan on Friday, June 13th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 13.4% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on JCI shares. Wells Fargo & Company boosted their price target on shares of Johnson Controls International from $100.00 to $130.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. JPMorgan Chase & Co. boosted their price target on shares of Johnson Controls International from $81.00 to $98.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Vertical Research raised shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 price target on the stock in a research note on Thursday, May 8th. Oppenheimer downgraded shares of Johnson Controls International from an "outperform" rating to a "market perform" rating in a research note on Friday, June 20th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Johnson Controls International from a "hold" rating to a "buy" rating and boosted their price target for the company from $101.00 to $112.00 in a research note on Monday, May 12th. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $100.53.

Insider Activity

In related news, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $104.82, for a total value of $149,054.04. Following the transaction, the vice president directly owned 141,860 shares of the company's stock, 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 accessible through the SEC website. Also, CFO Marc Vandiepenbeeck sold 28,289 shares of the stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $90.92, for a total transaction 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. This trade represents a 16.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 147,555 shares of company stock valued at $13,705,106. 0.54% of the stock is currently owned by company 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.