Sagespring Wealth Partners LLC Boosts Stock Holdings in Johnson Controls International plc (NYSE:JCI)

Sagespring Wealth Partners LLC lifted its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 21.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,943 shares of the company's stock after purchasing an additional 3,399 shares during the period. Sagespring Wealth Partners LLC's holdings in Johnson Controls International were worth $1,517,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in Johnson Controls International during the 4th quarter worth approximately $568,309,000. Norges Bank acquired a new stake in Johnson Controls International during the 4th quarter valued at $560,549,000. Invesco Ltd. boosted its holdings in shares of Johnson Controls International by 13.2% during the fourth 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 last quarter. Amundi boosted its holdings in shares of Johnson Controls International by 76.7% during the fourth quarter. Amundi now owns 3,870,478 shares of the company's stock worth $309,422,000 after purchasing an additional 1,680,431 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Johnson Controls International by 6.0% in the fourth quarter. Franklin Resources Inc. now owns 23,344,374 shares of the company's stock valued at $1,842,571,000 after acquiring an additional 1,325,500 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, VP Nathan D. Manning sold 1,422 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $79.72, for a total transaction of $113,361.84. Following the sale, the vice president now owns 145,502 shares of the company's stock, valued at $11,599,419.44. The trade was a 0.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Marc Vandiepenbeeck sold 28,289 shares of the company's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $90.92, for a total transaction of $2,572,035.88. Following the completion of the transaction, the chief financial officer now directly owns 147,673 shares in the company, valued at approximately $13,426,429.16. The trade was a 16.08% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 147,555 shares of company stock valued at $13,669,414. 0.54% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on JCI shares. Robert W. Baird raised their price objective on Johnson Controls International from $84.00 to $90.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Royal Bank Of Canada lifted 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. Oppenheimer lifted their target price on Johnson Controls International from $90.00 to $96.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. lifted their target price on Johnson Controls International from $81.00 to $98.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Finally, Deutsche Bank Aktiengesellschaft raised 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 research report on Monday, May 12th. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Johnson Controls International has an average rating of "Moderate Buy" and an average target price of $97.88.

Johnson Controls International Price Performance

Shares of JCI traded down $0.42 during trading hours on Wednesday, reaching $103.42. The stock had a trading volume of 2,865,190 shares, compared to its average volume of 4,303,711. Johnson Controls International plc has a 12 month low of $64.31 and a 12 month high of $105.19. The stock has a market capitalization of $68.06 billion, a PE ratio of 27.58, a PEG ratio of 2.27 and a beta of 1.33. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.81 and a current ratio of 0.96. The company's 50-day moving average is $91.87 and its two-hundred day moving average is $85.16.

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

Johnson Controls International declared that its Board of Directors has initiated a stock repurchase program on Friday, June 13th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 13.4% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its shares are undervalued.

Johnson Controls International Announces Dividend

The firm 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 $0.37 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $1.48 annualized dividend and a yield of 1.43%. Johnson Controls International's payout ratio is 39.47%.

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.