Sowell Financial Services LLC acquired a new stake in Johnson Controls International plc (NYSE:JCI - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,697 shares of the company's stock, valued at approximately $216,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Johnson Controls International by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 68,156,110 shares of the company's stock valued at $5,379,562,000 after buying an additional 179,743 shares in the last quarter. Franklin Resources Inc. grew its holdings 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 worth $1,842,571,000 after acquiring an additional 1,325,500 shares during the period. Invesco Ltd. increased its stake in Johnson Controls International by 13.2% in the 4th quarter. Invesco Ltd. now owns 18,407,597 shares of the company's stock valued at $1,452,912,000 after purchasing an additional 2,150,573 shares in the last quarter. Fisher Asset Management LLC raised its holdings in Johnson Controls International by 2.9% during the fourth quarter. Fisher Asset Management LLC now owns 15,743,019 shares of the company's stock worth $1,242,597,000 after purchasing an additional 447,513 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Johnson Controls International by 2.5% during the fourth 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 during the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.
Johnson Controls International Stock Performance
Shares of JCI opened at $102.10 on Monday. Johnson Controls International plc has a 1 year low of $64.31 and a 1 year high of $105.19. The company's 50 day simple moving average is $93.39 and its 200 day simple moving average is $85.58. The company has a market capitalization of $67.18 billion, a price-to-earnings ratio of 27.23, a PEG ratio of 2.24 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.
Johnson Controls International (NYSE:JCI - Get Free Report) last issued 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. Johnson Controls International had a return on equity of 15.13% and a net margin of 10.19%. The company had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.64 billion. During the same quarter in the prior year, the company posted $0.78 EPS. The business's revenue for the quarter was up 1.4% compared to the same quarter last year. On average, sell-side analysts predict that Johnson Controls International plc will post 3.64 EPS for the current year.
Johnson Controls International declared that its board has authorized a stock repurchase plan on Friday, June 13th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase 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 Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 23rd will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Monday, June 23rd. Johnson Controls International's payout ratio is 39.47%.
Insider Buying and Selling at Johnson Controls International
In other news, VP Nathan D. Manning sold 1,422 shares of the company's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $86.91, for a total transaction of $123,586.02. Following the completion of the sale, the vice president now directly owns 144,704 shares in the company, valued at $12,576,224.64. This represents a 0.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Marc Vandiepenbeeck sold 28,289 shares of Johnson Controls International stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $90.92, for a total value of $2,572,035.88. Following the completion of the transaction, the chief financial officer now owns 147,673 shares in the company, valued at $13,426,429.16. The trade was a 16.08% decrease in their position. The disclosure for this sale can be found here. Insiders sold 147,555 shares of company stock worth $13,669,414 in the last 90 days. 0.54% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
JCI has been the topic of several research reports. Vertical Research raised Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 target price on the stock in a report on Thursday, May 8th. Wells Fargo & Company boosted their price objective on shares of Johnson Controls International from $100.00 to $130.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Deutsche Bank Aktiengesellschaft raised shares of Johnson Controls International from a "hold" rating to a "buy" rating and increased their price objective for the company from $101.00 to $112.00 in a research note on Monday, May 12th. Royal Bank Of Canada lifted their target price on shares of 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. Finally, JPMorgan Chase & Co. upped 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. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $97.88.
Check Out Our Latest Report on JCI
About Johnson Controls International
(
Free Report)
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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