Roffman Miller Associates Inc. PA Has $25.77 Million Holdings in Johnson Controls International plc (NYSE:JCI)

Roffman Miller Associates Inc. PA decreased its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 2.4% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 321,622 shares of the company's stock after selling 7,757 shares during the period. Johnson Controls International accounts for approximately 1.6% of Roffman Miller Associates Inc. PA's portfolio, making the stock its 24th largest holding. Roffman Miller Associates Inc. PA's holdings in Johnson Controls International were worth $25,765,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of JCI. Vanguard Group Inc. grew its position in Johnson Controls International by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 68,156,110 shares of the company's stock valued at $5,379,562,000 after acquiring an additional 179,743 shares during the period. Franklin Resources Inc. lifted its stake in shares of Johnson Controls International by 6.0% in the 4th quarter. Franklin Resources Inc. now owns 23,344,374 shares of the company's stock valued at $1,842,571,000 after purchasing an additional 1,325,500 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Johnson Controls International by 13.2% during the 4th quarter. Invesco Ltd. now owns 18,407,597 shares of the company's stock worth $1,452,912,000 after purchasing an additional 2,150,573 shares during the period. Geode Capital Management LLC increased its position in Johnson Controls International by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 13,818,777 shares of the company's stock worth $1,087,670,000 after purchasing an additional 343,517 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Johnson Controls International by 4.5% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,128,506 shares of the company's stock valued at $562,653,000 after buying an additional 305,185 shares during the period. Institutional investors and hedge funds own 90.05% of the company's stock.

Johnson Controls International Stock Down 0.7%

JCI traded down $0.72 on Monday, reaching $105.99. 3,524,799 shares of the company traded hands, compared to its average volume of 4,321,943. Johnson Controls International plc has a 52-week low of $64.31 and a 52-week high of $107.06. 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 cap of $69.75 billion, a price-to-earnings ratio of 28.26, a PEG ratio of 1.96 and a beta of 1.31. The stock's 50 day moving average price is $98.79 and its 200-day moving average price is $87.15.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.05. Johnson Controls International had a return on equity of 15.13% and a net margin of 10.19%. The firm had revenue of $5.68 billion during the quarter, compared to analysts' expectations of $5.64 billion. During the same quarter last year, the firm earned $0.78 earnings per share. The business's revenue for the quarter was up 1.4% on a year-over-year basis. On average, sell-side analysts expect 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 initiated a stock 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 reacquire up to 13.4% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Johnson Controls International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 23rd will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend is Monday, June 23rd. Johnson Controls International's dividend payout ratio is 39.47%.

Insider Activity

In other news, CFO Marc Vandiepenbeeck sold 28,289 shares of Johnson Controls International stock in a transaction dated 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 transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Anuruddha Rathninde sold 15,000 shares of the firm's stock in a transaction that occurred 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 sale, the vice president directly owned 42,574 shares in the company, valued at $4,390,656.62. This trade represents a 26.05% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 147,555 shares of company stock valued at $13,705,106 in the last quarter. 0.54% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on JCI shares. UBS Group reiterated a "buy" rating and set a $116.00 price objective (up from $103.00) on shares of Johnson Controls International in a research note on Thursday, May 22nd. Barclays raised their price objective on Johnson Controls International from $85.00 to $90.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. Robert W. Baird raised their price target on shares of Johnson Controls International from $84.00 to $90.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft raised shares of Johnson Controls International from a "hold" rating to a "buy" rating and upped their price target for the company from $101.00 to $112.00 in a report on Monday, May 12th. Finally, Wells Fargo & Company upped their target price on shares of Johnson Controls International from $100.00 to $130.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $97.88.

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.