Sumitomo Mitsui Trust Group Inc. Acquires 108,070 Shares of Johnson Controls International plc (NYSE:JCI)

Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 6.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,705,550 shares of the company's stock after buying an additional 108,070 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.26% of Johnson Controls International worth $136,632,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in shares of Johnson Controls International during the 4th quarter valued at about $29,000. Community Bank N.A. bought a new stake in Johnson Controls International during the first quarter worth approximately $32,000. Crowley Wealth Management Inc. acquired a new position in Johnson Controls International during the fourth quarter valued at approximately $42,000. Bartlett & CO. Wealth Management LLC bought a new position in shares of Johnson Controls International in the first quarter valued at approximately $43,000. Finally, Gables Capital Management Inc. raised its position in shares of Johnson Controls International by 132.0% in 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 during the period. 90.05% of the stock is currently owned by institutional investors.

Insider Activity

In other Johnson Controls International news, Director George Oliver sold 100,000 shares of Johnson Controls International stock in a transaction on Friday, May 9th. The stock was sold at an average price of $91.70, for a total transaction of $9,170,000.00. Following the completion of the transaction, the director now directly owns 904,305 shares of the company's stock, valued at approximately $82,924,768.50. This trade represents a 9.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Nathan D. Manning sold 1,422 shares of the company's stock in a transaction dated 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 approximately $12,576,224.64. The trade was a 0.97% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 147,555 shares of company stock worth $13,669,414. Company insiders own 0.54% of the company's stock.

Johnson Controls International Stock Performance

Shares of NYSE JCI opened at $105.09 on Friday. The firm has a market capitalization of $69.15 billion, a price-to-earnings ratio of 28.02, a PEG ratio of 2.30 and a beta of 1.33. Johnson Controls International plc has a one year low of $64.31 and a one year high of $105.89. The business has a fifty day simple moving average of $96.04 and a 200 day simple moving average of $86.27. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.48.

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 the consensus estimate of $0.77 by $0.05. The firm had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.64 billion. Johnson Controls International had a net margin of 10.19% and a return on equity of 15.13%. The business's revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.78 EPS. Sell-side analysts expect that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International announced that its board has authorized a stock buyback program on Friday, June 13th that permits the company to buyback $9.00 billion in shares. This buyback authorization permits the company to reacquire up to 13.4% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's management believes its stock is undervalued.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 23rd will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date is Monday, June 23rd. Johnson Controls International's payout ratio is 39.47%.

Analyst Upgrades and Downgrades

JCI has been the topic of a number of research analyst reports. Royal Bank Of Canada raised their target price on shares of Johnson Controls International from $82.00 to $98.00 and gave the company a "sector perform" rating in a research note on Thursday, May 8th. Barclays upped 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. Wells Fargo & Company raised their price target on Johnson Controls International from $100.00 to $130.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. UBS Group reissued a "buy" rating and set a $116.00 price objective (up previously from $103.00) on shares of Johnson Controls International in a research report on Thursday, May 22nd. Finally, Vertical Research upgraded Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 target price for the company in a research note on Thursday, May 8th. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $97.88.

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.

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