One Wealth Advisors LLC Buys Shares of 4,287 Johnson Controls International plc (NYSE:JCI)

Key Points

• One Wealth Advisors LLC acquired a new stake in Johnson Controls International plc, purchasing 4,287 shares valued at about $344,000 in the first quarter.
• Insider selling activity included CFO Marc Vandiepenbeeck selling 28,289 shares for over $2.57 million, reducing their stake by 16.08%.
• Johnson Controls International announced a $9 billion share buyback plan, indicating confidence in the company's stock value.

One Wealth Advisors LLC purchased a new position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 4,287 shares of the company's stock, valued at approximately $344,000.

A number of other hedge funds also recently bought and sold shares of JCI. Cornerstone Planning Group LLC lifted its position in Johnson Controls International by 74.5% during the first quarter. Cornerstone Planning Group LLC now owns 363 shares of the company's stock worth $28,000 after buying an additional 155 shares in the last quarter. Community Bank N.A. acquired a new stake in Johnson Controls International during the first quarter worth $32,000. Rossby Financial LCC acquired a new stake in Johnson Controls International during the first quarter worth $42,000. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of Johnson Controls International in the first quarter valued at $43,000. Finally, Heck Capital Advisors LLC purchased a new stake in Johnson Controls International during the 4th quarter worth about $48,000. Hedge funds and other institutional investors own 90.05% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on JCI. Vertical Research raised Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 price target for the company in a report on Thursday, May 8th. Morgan Stanley boosted their price target 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. UBS Group reiterated a "buy" rating and set a $116.00 target price (up previously from $103.00) on shares of Johnson Controls International in a research report on Thursday, May 22nd. The Goldman Sachs Group upped their price target on Johnson Controls International from $103.00 to $116.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Finally, Royal Bank Of Canada upped their price target on Johnson Controls International from $82.00 to $98.00 and gave the stock a "sector perform" rating in a report on Thursday, May 8th. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $104.11.

Insider Transactions at Johnson Controls International

In other news, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $104.82, for a total transaction of $149,054.04. Following the transaction, the vice president directly owned 141,860 shares in the company, valued at approximately $14,869,765.20. This trade represents a 0.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director George Oliver sold 100,000 shares of Johnson Controls International stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $91.70, for a total transaction of $9,170,000.00. Following the completion of the transaction, the director owned 904,305 shares in the company, valued at approximately $82,924,768.50. This trade represents a 9.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 147,555 shares of company stock valued at $13,705,106 in the last quarter. Company insiders own 0.54% of the company's stock.

Johnson Controls International Stock Down 0.4%

NYSE JCI traded down $0.44 during trading hours on Monday, hitting $111.29. The company had a trading volume of 1,960,858 shares, compared to its average volume of 4,599,378. The firm's 50 day moving average is $103.98 and its 200 day moving average is $90.07. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.81. The company has a market capitalization of $73.23 billion, a price-to-earnings ratio of 29.67, a P/E/G ratio of 2.05 and a beta of 1.31. Johnson Controls International plc has a fifty-two week low of $64.31 and a fifty-two week high of $112.63.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.82 EPS for the quarter, topping the consensus estimate 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 business had revenue of $5.68 billion for the quarter, compared to analysts' expectations of $5.64 billion. During the same quarter last year, the company posted $0.78 earnings per share. The company's quarterly revenue was up 1.4% compared to the same quarter last year. Sell-side analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Monday, June 23rd were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Monday, June 23rd. Johnson Controls International's dividend payout ratio (DPR) is presently 39.47%.

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

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.