Stratos Wealth Partners LTD. Purchases 8,648 Shares of Johnson Controls International plc (NYSE:JCI)

Stratos Wealth Partners LTD. increased its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 121.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,787 shares of the company's stock after acquiring an additional 8,648 shares during the period. Stratos Wealth Partners LTD.'s holdings in Johnson Controls International were worth $1,265,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Community Bank N.A. bought a new stake in Johnson Controls International during the first quarter worth about $32,000. Crowley Wealth Management Inc. bought a new stake in Johnson Controls International in the fourth quarter valued at approximately $42,000. Rossby Financial LCC bought a new stake in Johnson Controls International in the first quarter valued at approximately $42,000. Bartlett & CO. Wealth Management LLC bought a new stake in Johnson Controls International in the first quarter valued at approximately $43,000. Finally, Flagship Wealth Advisors LLC bought a new stake in Johnson Controls International in the fourth quarter valued at approximately $48,000. Institutional investors own 90.05% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on JCI. UBS Group restated a "buy" rating and issued a $116.00 price objective (up previously from $103.00) on shares of Johnson Controls International in a research note on Thursday, May 22nd. Oppenheimer lowered Johnson Controls International from an "outperform" rating to a "market perform" rating in a research note on Friday, June 20th. JPMorgan Chase & Co. upped their price objective on Johnson Controls International from $81.00 to $98.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Wells Fargo & Company upped their price objective on Johnson Controls International from $100.00 to $130.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Finally, Robert W. Baird upped their price objective on Johnson Controls International from $84.00 to $90.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $100.53.

Insider Buying and Selling

In other Johnson Controls International news, VP Nathan D. Manning sold 1,422 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $104.82, for a total value of $149,054.04. Following the sale, the vice president owned 141,860 shares of the company's stock, valued at approximately $14,869,765.20. This trade represents a 0.99% decrease in their position. The sale was disclosed in a document filed 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 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 approximately $4,390,656.62. This represents a 26.05% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 147,555 shares of company stock worth $13,705,106. 0.54% of the stock is owned by corporate insiders.

Johnson Controls International Price Performance

NYSE:JCI traded down $0.51 during trading hours on Friday, reaching $105.82. 2,234,200 shares of the company were exchanged, compared to its average volume of 4,348,170. The company has a market capitalization of $69.63 billion, a P/E ratio of 28.22, a P/E/G ratio of 1.92 and a beta of 1.31. Johnson Controls International plc has a 1-year low of $64.31 and a 1-year high of $107.20. 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 business has a 50 day moving average of $100.92 and a 200 day moving average of $87.98.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.05. The business had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.64 billion. Johnson Controls International had a return on equity of 15.13% and a net margin of 10.19%. The firm's quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.78 earnings per share. Research analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Dividend Announcement

The business 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 dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date is Monday, June 23rd. Johnson Controls International's dividend payout ratio is currently 39.47%.

Johnson Controls International announced that its Board of Directors has authorized a share 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 buy up to 13.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its stock is undervalued.

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.