J.W. Cole Advisors Inc. Purchases 9,847 Shares of Johnson Controls International plc (NYSE:JCI)

J.W. Cole Advisors Inc. raised its holdings in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 278.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,386 shares of the company's stock after purchasing an additional 9,847 shares during the period. J.W. Cole Advisors Inc.'s holdings in Johnson Controls International were worth $1,072,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cerity Partners LLC increased its stake in shares of Johnson Controls International by 69.8% during the first quarter. Cerity Partners LLC now owns 113,059 shares of the company's stock valued at $9,057,000 after purchasing an additional 46,459 shares in the last quarter. G&S Capital LLC increased its stake in shares of Johnson Controls International by 81.4% during the first quarter. G&S Capital LLC now owns 30,342 shares of the company's stock valued at $2,431,000 after purchasing an additional 13,612 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Johnson Controls International by 27.8% during the first quarter. GAMMA Investing LLC now owns 14,720 shares of the company's stock valued at $1,179,000 after purchasing an additional 3,201 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Johnson Controls International by 2,213.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 709,431 shares of the company's stock valued at $57,748,000 after purchasing an additional 678,766 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC increased its stake in shares of Johnson Controls International by 22.4% during the first quarter. Dynamic Advisor Solutions LLC now owns 5,987 shares of the company's stock valued at $480,000 after purchasing an additional 1,096 shares in the last quarter. Institutional investors own 90.05% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on JCI. Wells Fargo & Company raised 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 report on Wednesday, June 4th. Royal Bank Of Canada raised their price target on shares of Johnson Controls International from $82.00 to $98.00 and gave the company a "sector perform" rating in a research report on Thursday, May 8th. Robert W. Baird raised their price target on shares of Johnson Controls International from $90.00 to $110.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. JPMorgan Chase & Co. raised 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 report on Friday, May 16th. Finally, Barclays raised their price target on shares of Johnson Controls International from $90.00 to $100.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 9th. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Johnson Controls International presently has a consensus rating of "Hold" and an average price target of $104.11.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, CFO Marc Vandiepenbeeck sold 28,289 shares of Johnson Controls International stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $90.92, for a total value of $2,572,035.88. Following the sale, the chief financial officer directly owned 147,673 shares in the company, valued at approximately $13,426,429.16. The trade was a 16.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Anuruddha Rathninde sold 15,000 shares of the business's stock in a transaction dated 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 owned 42,574 shares in the company, valued at approximately $4,390,656.62. This trade represents a 26.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 147,555 shares of company stock valued at $13,705,106. 0.54% of the stock is currently owned by insiders.

Johnson Controls International Stock Performance

Shares of Johnson Controls International stock traded up $1.83 on Friday, hitting $111.85. 4,130,778 shares of the company's stock were exchanged, compared to its average volume of 3,956,660. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.81 and a current ratio of 0.96. Johnson Controls International plc has a 1 year low of $64.31 and a 1 year high of $112.00. The company has a 50-day simple moving average of $103.98 and a 200-day simple moving average of $90.00. The stock has a market capitalization of $73.60 billion, a PE ratio of 29.83, a PEG ratio of 2.05 and a beta of 1.31.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its 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 company had revenue of $5.68 billion for the quarter, compared to analysts' expectations of $5.64 billion. During the same quarter in the previous year, the company earned $0.78 EPS. Johnson Controls International's revenue for the quarter was up 1.4% on a year-over-year basis. As a group, equities analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Monday, June 23rd were issued a $0.37 dividend. The ex-dividend date was Monday, June 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.32%. Johnson Controls International's dividend payout ratio is currently 39.47%.

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

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.