Johnson Controls International plc (NYSE:JCI) Shares Bought by Rhumbline Advisers

Rhumbline Advisers increased its stake in Johnson Controls International plc (NYSE:JCI - Free Report) by 2.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,194,192 shares of the company's stock after purchasing an additional 24,699 shares during the quarter. Rhumbline Advisers owned about 0.18% of Johnson Controls International worth $95,667,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC purchased a new position in shares of Johnson Controls International during the fourth quarter worth about $222,000. Foundations Investment Advisors LLC purchased a new position in shares of Johnson Controls International in the fourth quarter worth $201,000. Strategic Blueprint LLC purchased a new stake in shares of Johnson Controls International during the fourth quarter worth about $226,000. Mediolanum International Funds Ltd bought a new stake in shares of Johnson Controls International in the 4th quarter worth approximately $483,000. Finally, Caprock Group LLC boosted its position in Johnson Controls International by 4.1% during the 4th quarter. Caprock Group LLC now owns 24,183 shares of the company's stock valued at $1,918,000 after acquiring an additional 963 shares in the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Controls International Stock Down 0.0%

Shares of JCI stock traded down $0.02 during mid-day trading on Thursday, hitting $102.31. The stock had a trading volume of 909,634 shares, compared to its average volume of 4,648,406. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86. Johnson Controls International plc has a 12-month low of $64.31 and a 12-month high of $102.97. The firm's 50-day moving average is $87.01 and its two-hundred day moving average is $83.93. The firm has a market capitalization of $67.32 billion, a P/E ratio of 39.04, a price-to-earnings-growth ratio of 1.96 and a beta of 1.28.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. The business had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.64 billion. During the same period last year, the business posted $0.78 EPS. The business's revenue was up 1.4% compared to the same quarter last year. On average, analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 24th were issued a $0.37 dividend. The ex-dividend date was Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.45%. Johnson Controls International's dividend payout ratio is currently 39.47%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. UBS Group reaffirmed a "buy" rating and set a $116.00 target price (up previously from $103.00) on shares of Johnson Controls International in a research note on Thursday, May 22nd. Wells Fargo & Company upped their target price on shares of Johnson Controls International from $100.00 to $130.00 and gave the company an "overweight" rating in a report on Wednesday. Morgan Stanley lifted their price objective on Johnson Controls International from $105.00 to $115.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Deutsche Bank Aktiengesellschaft raised Johnson Controls International from a "hold" rating to a "buy" rating and raised their price target for the company from $101.00 to $112.00 in a report on Monday, May 12th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Johnson Controls International from $81.00 to $98.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $97.88.

Insider Activity at Johnson Controls International

In related news, Director George Oliver sold 184,331 shares of Johnson Controls International stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $79.49, for a total transaction of $14,652,471.19. Following the completion of the transaction, the director now directly owns 1,019,562 shares in the company, valued at approximately $81,044,983.38. This trade represents a 15.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $100.90, for a total transaction of $143,479.80. Following the completion of the transaction, the vice president now directly owns 143,282 shares of the company's stock, valued at $14,457,153.80. The trade was a 0.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 332,555 shares of company stock worth $27,989,126 over the last quarter. Insiders own 0.54% of the company's stock.

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.