Simon Quick Advisors LLC Acquires 3,495 Shares of Johnson Controls International plc (NYSE:JCI)

Simon Quick Advisors LLC increased its stake in Johnson Controls International plc (NYSE:JCI - Free Report) by 109.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,690 shares of the company's stock after buying an additional 3,495 shares during the period. Simon Quick Advisors LLC's holdings in Johnson Controls International were worth $536,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in Johnson Controls International in the fourth quarter worth about $29,000. Crowley Wealth Management Inc. bought a new position in shares of Johnson Controls International during the fourth quarter valued at approximately $42,000. Gables Capital Management Inc. increased its stake in shares of Johnson Controls International by 132.0% during the fourth quarter. Gables Capital Management Inc. now owns 580 shares of the company's stock valued at $46,000 after purchasing an additional 330 shares in the last quarter. Flagship Wealth Advisors LLC bought a new position in shares of Johnson Controls International during the fourth quarter valued at approximately $48,000. Finally, Heck Capital Advisors LLC bought a new position in shares of Johnson Controls International during the fourth quarter valued at approximately $48,000. 90.05% of the stock is owned by institutional investors.

Insider Transactions at Johnson Controls International

In other news, Director George Oliver sold 100,000 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $91.70, for a total value of $9,170,000.00. Following the sale, the director now directly owns 904,305 shares in the company, valued at approximately $82,924,768.50. This represents a 9.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Anuruddha Rathninde sold 15,000 shares of the firm's stock in a transaction that occurred 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 sale, the vice president now directly owns 42,574 shares of the company's stock, valued at $4,390,656.62. This represents a 26.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 147,555 shares of company stock worth $13,669,414 in the last three months. Insiders own 0.54% of the company's stock.

Johnson Controls International Price Performance

Shares of JCI traded down $1.80 during trading hours on Friday, reaching $101.80. 5,424,562 shares of the stock traded hands, compared to its average volume of 4,299,961. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. Johnson Controls International plc has a 52-week low of $64.31 and a 52-week high of $104.15. The company's 50-day moving average price is $90.70 and its two-hundred day moving average price is $84.87. The company has a market cap of $66.99 billion, a P/E ratio of 38.86, a price-to-earnings-growth ratio of 1.96 and a beta of 1.33.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.05. The company had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.64 billion. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. Johnson Controls International's revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.78 EPS. On average, analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International announced that its Board of Directors has initiated a share buyback program on Friday, June 13th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to repurchase up to 13.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its shares are undervalued.

Johnson Controls International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 23rd will be issued a $0.37 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.45%. Johnson Controls International's dividend payout ratio (DPR) is presently 39.47%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. UBS Group reiterated a "buy" rating and set a $116.00 price target (up previously from $103.00) on shares of Johnson Controls International in a report on Thursday, May 22nd. JPMorgan Chase & Co. increased their price target on shares of Johnson Controls International from $81.00 to $98.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Citigroup cut their price target on shares of Johnson Controls International from $95.00 to $85.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. 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 report on Wednesday, June 4th. Finally, Barclays increased their price target on shares of Johnson Controls International from $85.00 to $90.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, Johnson Controls International currently has a consensus rating of "Moderate Buy" and a consensus target price of $97.88.

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.