New Age Alpha Advisors LLC Increases Stake in Johnson Controls International plc (NYSE:JCI)

Key Points

• New Age Alpha Advisors LLC increased its stake in Johnson Controls International plc by 7.5%, acquiring an additional 2,409 shares, bringing its total holdings to 34,541 shares valued at approximately $2.76 million.
• Johnson Controls International reported a quarterly earnings per share (EPS) of $1.05, surpassing the consensus estimate of $0.99, and achieved $6.05 billion in revenue.
• The company announced a $9.00 billion stock repurchase plan, aimed at buying back up to 13.4% of its stock, indicating the board's belief that the stock is undervalued.

New Age Alpha Advisors LLC boosted its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 7.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,541 shares of the company's stock after buying an additional 2,409 shares during the period. New Age Alpha Advisors LLC's holdings in Johnson Controls International were worth $2,767,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of JCI. Accent Capital Management LLC purchased a new stake in Johnson Controls International in the first quarter valued at approximately $26,000. Cornerstone Planning Group LLC boosted its position in Johnson Controls International by 74.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 363 shares of the company's stock worth $28,000 after purchasing an additional 155 shares in the last quarter. Community Bank N.A. purchased a new stake in Johnson Controls International in the 1st quarter worth approximately $32,000. Rossby Financial LCC purchased a new stake in Johnson Controls International in the 1st quarter worth approximately $42,000. Finally, Bartlett & CO. Wealth Management LLC purchased a new stake in Johnson Controls International in the 1st quarter worth approximately $43,000. Hedge funds and other institutional investors own 90.05% of the company's stock.

Johnson Controls International Price Performance

NYSE JCI traded up $1.09 during mid-day trading on Friday, hitting $105.40. The stock had a trading volume of 6,227,770 shares, compared to its average volume of 4,666,734. The firm's 50 day moving average is $105.26 and its 200 day moving average is $91.68. Johnson Controls International plc has a twelve month low of $66.40 and a twelve month high of $112.63. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.96 and a quick ratio of 0.81. The stock has a market capitalization of $68.97 billion, a price-to-earnings ratio of 31.28, a PEG ratio of 1.87 and a beta of 1.30.

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

Johnson Controls International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Monday, June 23rd were paid a $0.37 dividend. The ex-dividend date of this dividend 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%.

Johnson Controls International declared that its Board of Directors has initiated a stock repurchase plan on Friday, June 13th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to buy up to 13.4% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Barclays upped their price objective on Johnson Controls International from $100.00 to $101.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 30th. Vertical Research upgraded 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. Royal Bank Of Canada upped their price objective on Johnson Controls International from $112.00 to $114.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 30th. Citigroup upped their price objective on Johnson Controls International from $110.00 to $112.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Finally, Robert W. Baird upped their price objective on Johnson Controls International from $90.00 to $110.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Ten analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $105.17.

Insiders Place Their Bets

In other Johnson Controls International news, VP Nathan D. Manning sold 1,422 shares of the firm's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $103.69, for a total value of $147,447.18. Following the completion of the sale, the vice president directly owned 140,881 shares of the company's stock, valued at $14,607,950.89. This trade represents a 1.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Anuruddha Rathninde sold 15,000 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $103.13, for a total value of $1,546,950.00. Following the sale, the vice president directly owned 42,574 shares of the company's stock, valued at $4,390,656.62. The trade was a 26.05% 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 over the last ninety days. Corporate insiders own 0.54% of the company's stock.

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.