2,935 Shares in Johnson Controls International plc (NYSE:JCI) Bought by Parcion Private Wealth LLC

Parcion Private Wealth LLC bought a new position in Johnson Controls International plc (NYSE:JCI - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,935 shares of the company's stock, valued at approximately $235,000.

A number of other hedge funds have also modified their holdings of the stock. Larson Financial Group LLC increased its holdings in Johnson Controls International by 73.1% during the 1st quarter. Larson Financial Group LLC now owns 1,598 shares of the company's stock valued at $128,000 after purchasing an additional 675 shares in the last quarter. Wealthfront Advisers LLC increased its holdings in Johnson Controls International by 124.4% during the 1st quarter. Wealthfront Advisers LLC now owns 46,511 shares of the company's stock valued at $3,726,000 after purchasing an additional 25,788 shares in the last quarter. Dakota Wealth Management increased its holdings in Johnson Controls International by 450.1% during the 1st quarter. Dakota Wealth Management now owns 15,662 shares of the company's stock valued at $1,255,000 after purchasing an additional 12,815 shares in the last quarter. Apollon Wealth Management LLC increased its holdings in Johnson Controls International by 26.8% during the 1st quarter. Apollon Wealth Management LLC now owns 24,473 shares of the company's stock valued at $1,961,000 after purchasing an additional 5,180 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in Johnson Controls International by 5.3% during the 1st quarter. Signaturefd LLC now owns 12,567 shares of the company's stock valued at $1,007,000 after purchasing an additional 632 shares in the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Johnson Controls International

In related news, CFO Marc Vandiepenbeeck sold 28,289 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $90.92, for a total value of $2,572,035.88. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Nathan D. Manning sold 1,422 shares of the company's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $104.82, for a total value of $149,054.04. Following the sale, the vice president owned 141,860 shares of the company's stock, valued at $14,869,765.20. The trade was a 0.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 147,555 shares of company stock worth $13,705,106. Insiders own 0.54% of the company's stock.

Analyst Upgrades and Downgrades

JCI has been the subject of several research reports. The Goldman Sachs Group lifted their target price on Johnson Controls International from $103.00 to $116.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Robert W. Baird lifted their target price on Johnson Controls International from $90.00 to $110.00 and gave the company a "neutral" rating in a research note on Thursday. Royal Bank Of Canada lifted their target price on Johnson Controls International from $82.00 to $98.00 and gave the company a "sector perform" rating in a research note on Thursday, May 8th. Vertical Research raised Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 target price for the company in a research note on Thursday, May 8th. Finally, UBS Group restated a "buy" rating and issued a $116.00 price target (up from $103.00) on shares of Johnson Controls International in a research report on Thursday, May 22nd. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $103.18.

Johnson Controls International Stock Up 0.0%

Shares of NYSE:JCI traded up $0.02 during midday trading on Friday, reaching $108.97. The company had a trading volume of 3,219,955 shares, compared to its average volume of 4,345,648. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.48. The business's 50 day moving average price is $102.65 and its 200 day moving average price is $88.95. The stock has a market cap of $71.71 billion, a PE ratio of 29.06, a P/E/G ratio of 2.00 and a beta of 1.31. Johnson Controls International plc has a 1-year low of $64.31 and a 1-year high of $109.40.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.05. The firm had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.64 billion. Johnson Controls International had a return on equity of 15.13% and a net margin of 10.19%. The business's revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.78 earnings per share. Research analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

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

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Monday, June 23rd were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date was Monday, June 23rd. Johnson Controls International's dividend payout ratio is presently 39.47%.

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.