TD Private Client Wealth LLC Sells 12,561 Shares of Johnson Controls International plc (NYSE:JCI)

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

A number of other hedge funds have also made changes to their positions in JCI. Norges Bank acquired a new stake in shares of Johnson Controls International during the 4th quarter worth about $560,549,000. Invesco Ltd. increased its position in shares of Johnson Controls International by 13.2% during the 4th quarter. Invesco Ltd. now owns 18,407,597 shares of the company's stock worth $1,452,912,000 after purchasing an additional 2,150,573 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Johnson Controls International by 6.0% during the 4th quarter. Franklin Resources Inc. now owns 23,344,374 shares of the company's stock worth $1,842,571,000 after purchasing an additional 1,325,500 shares in the last quarter. ANTIPODES PARTNERS Ltd increased its position in shares of Johnson Controls International by 391,951.9% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 1,215,361 shares of the company's stock worth $95,936,000 after purchasing an additional 1,215,051 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in Johnson Controls International by 10,137.2% in the 1st quarter. GAMMA Investing LLC now owns 1,179,219 shares of the company's stock valued at $94,467,000 after acquiring an additional 1,167,700 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

Johnson Controls International Stock Down 0.2%

JCI traded down $0.17 during trading on Thursday, reaching $106.33. The company had a trading volume of 4,247,347 shares, compared to its average volume of 4,344,652. 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 plc has a 12 month low of $64.31 and a 12 month high of $107.18. The business's fifty day moving average price is $100.20 and its 200 day moving average price is $87.58. The company has a market cap of $69.97 billion, a P/E ratio of 28.35, a PEG ratio of 1.95 and a beta of 1.31.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share 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 firm had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.64 billion. During the same quarter in the previous year, the firm posted $0.78 earnings per share. The business's revenue was up 1.4% on a year-over-year basis. Equities analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International announced that its board has initiated a stock buyback program on Friday, June 13th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 13.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's management believes its stock is undervalued.

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 23rd will be paid a $0.37 dividend. 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%.

Insider Buying and Selling at Johnson Controls International

In other news, Director George Oliver sold 100,000 shares of the business's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $91.70, for a total value of $9,170,000.00. Following the sale, the director owned 904,305 shares of the company's stock, valued at $82,924,768.50. The trade was a 9.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Anuruddha Rathninde sold 15,000 shares of the business's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $103.13, for a total transaction of $1,546,950.00. Following the completion of the sale, the vice president directly owned 42,574 shares in the company, valued at approximately $4,390,656.62. This represents a 26.05% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 147,555 shares of company stock worth $13,705,106. Company insiders own 0.54% of the company's stock.

Analysts Set New Price Targets

JCI has been the subject of several research reports. UBS Group restated a "buy" rating and issued a $116.00 price objective (up previously from $103.00) on shares of Johnson Controls International in a research report on Thursday, May 22nd. Wells Fargo & Company lifted their price target on shares of Johnson Controls International from $100.00 to $130.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Vertical Research upgraded shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 price target for the company in a research report on Thursday, May 8th. 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 report on Friday, May 9th. Finally, Barclays lifted their price target on shares of Johnson Controls International from $90.00 to $100.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Johnson Controls International has an average rating of "Moderate Buy" and an average price target of $100.53.

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.