Park Avenue Securities LLC Purchases 27,133 Shares of Johnson Controls International plc (NYSE:JCI)

Park Avenue Securities LLC boosted its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 102.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,650 shares of the company's stock after purchasing an additional 27,133 shares during the quarter. Park Avenue Securities LLC's holdings in Johnson Controls International were worth $4,298,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. SOA Wealth Advisors LLC. lifted its position in shares of Johnson Controls International by 5,715.4% during the 1st quarter. SOA Wealth Advisors LLC. now owns 9,421 shares of the company's stock valued at $755,000 after acquiring an additional 9,259 shares during the period. Miracle Mile Advisors LLC lifted its position in shares of Johnson Controls International by 10.1% during the 1st quarter. Miracle Mile Advisors LLC now owns 20,345 shares of the company's stock valued at $1,630,000 after acquiring an additional 1,866 shares during the period. UMB Bank n.a. lifted its position in shares of Johnson Controls International by 16.9% during the 1st quarter. UMB Bank n.a. now owns 3,328 shares of the company's stock valued at $267,000 after acquiring an additional 482 shares during the period. Wedmont Private Capital lifted its position in shares of Johnson Controls International by 2.4% during the 1st quarter. Wedmont Private Capital now owns 7,562 shares of the company's stock valued at $588,000 after acquiring an additional 174 shares during the period. Finally, Sivia Capital Partners LLC acquired a new position in shares of Johnson Controls International during the 1st quarter worth $308,000. 90.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on JCI. Morgan Stanley upped their price objective on Johnson Controls International from $105.00 to $115.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Citigroup dropped their price objective on Johnson Controls International from $95.00 to $85.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. UBS Group restated a "buy" rating and set a $116.00 price objective (up from $103.00) on shares of Johnson Controls International in a research report on Thursday, May 22nd. Wells Fargo & Company upped their price objective on Johnson Controls International from $100.00 to $130.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Finally, Royal Bank of Canada upped their price objective 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. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $97.88.

Insiders Place Their Bets

In other news, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $100.90, for a total value of $143,479.80. Following the completion of the transaction, the vice president now directly owns 143,282 shares in the company, valued at approximately $14,457,153.80. The trade was a 0.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Anuruddha Rathninde sold 15,000 shares of Johnson Controls International stock in a transaction on Friday, June 6th. The shares were 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 of the company's stock, 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 sold 347,555 shares of company stock valued at $29,536,076 over the last ninety days. 0.54% of the stock is currently owned by insiders.

Johnson Controls International Stock Performance

NYSE:JCI opened at $103.81 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86. The business has a fifty day simple moving average of $87.90 and a two-hundred day simple moving average of $84.20. Johnson Controls International plc has a 1 year low of $64.31 and a 1 year high of $103.84. The company has a market capitalization of $68.31 billion, a P/E ratio of 39.62, a P/E/G ratio of 1.96 and a beta of 1.33.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.64 billion. During the same period last year, the business posted $0.78 earnings per share. The business's revenue for the quarter was up 1.4% on a year-over-year basis. On average, analysts expect that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 24th were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend was Monday, March 24th. 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.

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