16,855 Shares in Johnson Controls International plc (NYSE:JCI) Purchased by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC bought a new position in Johnson Controls International plc (NYSE:JCI - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 16,855 shares of the company's stock, valued at approximately $1,350,000.

Several other large investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in Johnson Controls International in the fourth quarter valued at approximately $29,000. Crowley Wealth Management Inc. bought a new position in shares of Johnson Controls International in the 4th quarter worth $42,000. Gables Capital Management Inc. increased its holdings 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 purchased a new stake in shares of Johnson Controls International during the 4th quarter valued at $48,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of Johnson Controls International during the 4th quarter worth $48,000. 90.05% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Johnson Controls International news, VP Anuruddha Rathninde sold 15,000 shares of the stock in a transaction on 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 completion of the transaction, the vice president now owns 42,574 shares in the company, valued at approximately $4,390,656.62. This represents a 26.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Nathan D. Manning sold 1,422 shares of the company's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $100.90, for a total transaction of $143,479.80. Following the completion of the sale, the vice president now directly owns 143,282 shares in the company, valued at $14,457,153.80. This represents a 0.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 147,555 shares of company stock valued at $13,669,414 over the last three months. Corporate insiders own 0.54% of the company's stock.

Johnson Controls International Trading Down 1.7%

NYSE:JCI traded down $1.80 during mid-day trading on Friday, reaching $101.80. 5,424,562 shares of the company's stock traded hands, compared to its average volume of 4,299,961. The company has a 50 day moving average price of $90.70 and a 200-day moving average price of $84.86. The firm has a market capitalization of $66.99 billion, a price-to-earnings ratio of 38.86, a PEG ratio of 1.96 and a beta of 1.33. 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 $104.15.

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

Johnson Controls International declared that its board has authorized a share buyback plan on Friday, June 13th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 13.4% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

Johnson Controls International Dividend Announcement

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

Analyst Ratings Changes

JCI has been the topic of a number of research analyst reports. Robert W. Baird increased their target price on Johnson Controls International from $84.00 to $90.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Oppenheimer raised their price objective on Johnson Controls International from $90.00 to $96.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Royal Bank of Canada boosted their target price on Johnson Controls International from $82.00 to $98.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 8th. Wells Fargo & Company increased 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. Finally, Morgan Stanley boosted their price objective on shares of Johnson Controls International from $105.00 to $115.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $97.88.

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.