Johnson Controls International plc (NYSE:JCI) Holdings Boosted by First American Trust FSB

Key Points

• First American Trust FSB increased its position in Johnson Controls International plc by 11.9%, holding 51,148 shares valued at $4,097,000 after purchasing additional shares in the first quarter.
• Johnson Controls International reported a quarterly earnings per share of $1.05, surpassing analysts' consensus estimate, and announced a $9 billion stock repurchase program, indicative of the company's belief that its stock is undervalued.
• The company declared a quarterly dividend of $0.37 per share, resulting in an annualized dividend yield of 1.4%, with a payout ratio of approximately 43.92%.

First American Trust FSB lifted its stake in Johnson Controls International plc (NYSE:JCI - Free Report) by 11.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,148 shares of the company's stock after purchasing an additional 5,421 shares during the period. First American Trust FSB's holdings in Johnson Controls International were worth $4,097,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in JCI. Brighton Jones LLC acquired a new position in Johnson Controls International during the fourth quarter worth about $222,000. Bank Pictet & Cie Europe AG raised its position 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 acquiring an additional 35,655 shares during the last quarter. Cerity Partners LLC raised its position in Johnson Controls International by 17.9% during the fourth quarter. Cerity Partners LLC now owns 66,600 shares of the company's stock worth $5,214,000 after acquiring an additional 10,107 shares during the last quarter. Advisory Services Network LLC raised its position in Johnson Controls International by 8.9% during the fourth quarter. Advisory Services Network LLC now owns 15,196 shares of the company's stock worth $1,199,000 after acquiring an additional 1,245 shares during the last quarter. Finally, Covestor Ltd grew its holdings in shares of Johnson Controls International by 50.7% during the fourth quarter. Covestor Ltd now owns 648 shares of the company's stock worth $51,000 after buying an additional 218 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

Insiders Place Their Bets

In related news, VP Anuruddha Rathninde sold 15,000 shares of the company'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 completion of the sale, the vice president owned 42,574 shares in the company, valued at approximately $4,390,656.62. This represents a 26.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $103.69, for a total transaction of $147,447.18. Following the transaction, the vice president owned 140,881 shares in the company, valued at approximately $14,607,950.89. The trade was a 1.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,266 shares of company stock valued at $1,986,931 in the last quarter. 0.54% of the stock is currently owned by corporate insiders.

Johnson Controls International Price Performance

Shares of JCI stock traded down $0.71 during mid-day trading on Wednesday, hitting $105.93. 7,802,158 shares of the stock traded hands, compared to its average volume of 4,752,087. The company's 50-day simple moving average is $105.47 and its 200-day simple moving average is $92.08. Johnson Controls International plc has a twelve month low of $67.68 and a twelve month high of $112.63. The firm has a market cap of $69.32 billion, a price-to-earnings ratio of 31.43, a price-to-earnings-growth ratio of 1.89 and a beta of 1.30. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 0.96.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.99 by $0.06. The business had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.99 billion. Johnson Controls International had a net margin of 9.53% and a return on equity of 14.71%. As a group, equities research analysts expect that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International declared that its board has authorized a stock repurchase 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 stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its stock is undervalued.

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Monday, June 23rd were given a $0.37 dividend. The ex-dividend date was Monday, June 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.4%. Johnson Controls International's dividend payout ratio (DPR) is 43.92%.

Analyst Upgrades and Downgrades

JCI has been the subject of a number of recent research reports. 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 report on Wednesday, June 4th. Morgan Stanley boosted their target price on shares of Johnson Controls International from $105.00 to $115.00 and gave the company an "overweight" rating in a report on Friday, May 9th. JPMorgan Chase & Co. boosted their target price on shares of Johnson Controls International from $81.00 to $98.00 and gave the company an "overweight" rating in a report on Friday, May 16th. UBS Group restated a "buy" rating and issued a $116.00 target price (up from $103.00) on shares of Johnson Controls International in a report on Thursday, May 22nd. Finally, Royal Bank Of Canada boosted their target price on shares of Johnson Controls International from $112.00 to $114.00 and gave the company a "sector perform" rating in a report on Wednesday, July 30th. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $105.17.

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.