MFA Wealth Services Acquires New Position in Johnson Controls International plc (NYSE:JCI)

MFA Wealth Services acquired a new stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,569 shares of the company's stock, valued at approximately $206,000.

Other large investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in Johnson Controls International during the 4th quarter valued at $29,000. Crowley Wealth Management Inc. bought a new position in shares of Johnson Controls International in the 4th quarter worth about $42,000. Gables Capital Management Inc. lifted its position in shares of Johnson Controls International by 132.0% in the 4th quarter. Gables Capital Management Inc. now owns 580 shares of the company's stock worth $46,000 after buying an additional 330 shares during the last quarter. Flagship Wealth Advisors LLC bought a new position in shares of Johnson Controls International in the 4th quarter worth about $48,000. Finally, Heck Capital Advisors LLC bought a new position in shares of Johnson Controls International in the 4th quarter worth about $48,000. 90.05% of the stock is currently owned by institutional investors.

Insider Transactions at Johnson Controls International

In other news, CFO Marc Vandiepenbeeck sold 28,289 shares of Johnson Controls International stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 147,673 shares of the company's stock, valued at $13,426,429.16. This trade represents a 16.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Anuruddha Rathninde sold 15,000 shares of Johnson Controls International stock in a transaction that occurred 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 transaction, the vice president now directly owns 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. Insiders have sold 147,555 shares of company stock valued at $13,669,414 in the last quarter. Insiders own 0.54% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Robert W. Baird raised their price target on shares of Johnson Controls International from $84.00 to $90.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. lifted their price objective 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. Oppenheimer lifted their price objective on shares of Johnson Controls International from $90.00 to $96.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Wells Fargo & Company lifted their price objective 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. Finally, Vertical Research upgraded shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 price objective on the stock in a research report on Thursday, May 8th. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Johnson Controls International currently has a consensus rating of "Moderate Buy" and a consensus price target of $97.88.

Johnson Controls International Price Performance

Shares of JCI stock traded down $1.80 during midday trading on Friday, reaching $101.80. 5,424,562 shares of the company were exchanged, compared to its average volume of 4,299,961. Johnson Controls International plc has a 12 month low of $64.31 and a 12 month high of $104.15. The company has a market cap of $66.99 billion, a P/E ratio of 38.86, a PEG ratio of 1.96 and a beta of 1.33. The company's 50 day moving average price is $90.70 and its two-hundred day moving average price is $84.87. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.05. The company had revenue of $5.68 billion for the quarter, compared to analysts' expectations of $5.64 billion. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. The business's revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 EPS. On average, sell-side 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 of Directors has approved a share buyback plan on Friday, June 13th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 13.4% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its stock is undervalued.

Johnson Controls International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 23rd will be paid a $0.37 dividend. The ex-dividend date is Monday, June 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.45%. Johnson Controls International's dividend payout ratio is currently 39.47%.

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.