Johnson Controls International plc (NYSE:JCI) Shares Acquired by US Bancorp DE

Key Points

• US Bancorp DE has increased its holdings in Johnson Controls International plc by 4.1%, purchasing an additional 3,493 shares to hold a total of 88,136 shares, valued at approximately $7.06 million.
• Johnson Controls International recently announced a $9 billion share repurchase program, allowing the company to buy up to 13.4% of its stock, indicating confidence in the company's stock price.
• The company reported $1.05 EPS in its last earnings report, exceeding the consensus estimate of $0.99, alongside a revenue of $6.05 billion, which outperformed analysts' expectations.

US Bancorp DE boosted its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 4.1% during 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 88,136 shares of the company's stock after purchasing an additional 3,493 shares during the quarter. US Bancorp DE's holdings in Johnson Controls International were worth $7,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Invesco Ltd. lifted its holdings in shares of Johnson Controls International by 13.2% during 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 during the last quarter. GAMMA Investing LLC increased its position in shares of Johnson Controls International by 10,137.2% in the 1st quarter. GAMMA Investing LLC now owns 1,179,219 shares of the company's stock valued at $94,467,000 after acquiring an additional 1,167,700 shares during the period. Northern Trust Corp increased its holdings in shares of Johnson Controls International by 18.1% in the fourth quarter. Northern Trust Corp now owns 6,690,781 shares of the company's stock valued at $528,103,000 after purchasing an additional 1,026,623 shares during the period. Nuveen Asset Management LLC lifted its holdings in shares of Johnson Controls International by 65.4% during the fourth quarter. Nuveen Asset Management LLC now owns 2,560,645 shares of the company's stock worth $202,112,000 after purchasing an additional 1,012,067 shares during the period. Finally, Raiffeisen Bank International AG purchased a new stake in Johnson Controls International in the fourth quarter valued at approximately $78,625,000. 90.05% of the stock is currently owned by institutional investors.

Johnson Controls International Price Performance

Shares of JCI traded up $1.02 during trading hours on Friday, reaching $105.33. 1,686,365 shares of the company traded hands, compared to its average volume of 4,661,985. The stock has a market capitalization of $69.31 billion, a PE ratio of 31.27, a price-to-earnings-growth ratio of 1.87 and a beta of 1.30. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.50. The stock has a fifty day simple moving average of $105.17 and a 200 day simple moving average of $91.52. Johnson Controls International plc has a fifty-two week low of $66.40 and a fifty-two week high of $112.63.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.99 by $0.06. The firm had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.99 billion. Johnson Controls International had a net margin of 9.53% and a return on equity of 14.71%. As a group, research analysts predict that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Monday, June 23rd were given a $0.37 dividend. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.4%. Johnson Controls International's dividend payout ratio is presently 43.92%.

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on JCI shares. Barclays increased their price target on Johnson Controls International from $100.00 to $101.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 30th. Jefferies Financial Group restated a "hold" rating and set a $120.00 price target on shares of Johnson Controls International in a research report on Thursday, July 24th. Deutsche Bank Aktiengesellschaft raised Johnson Controls International from a "hold" rating to a "buy" rating and raised their price objective for the company from $101.00 to $112.00 in a report on Monday, May 12th. Citigroup boosted their price objective on Johnson Controls International from $110.00 to $112.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Finally, Vertical Research upgraded Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 price target for the company in a research report on Thursday, May 8th. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Johnson Controls International has an average rating of "Hold" and a consensus target price of $105.17.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, VP Anuruddha Rathninde sold 15,000 shares of the business'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 transaction, the vice president owned 42,574 shares in the company, valued at $4,390,656.62. The trade was a 26.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the company's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $103.69, for a total transaction of $147,447.18. Following the completion of the sale, the vice president directly owned 140,881 shares in the company, valued at $14,607,950.89. This represents a 1.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,266 shares of company stock valued at $1,986,931 in the last three months. Company insiders own 0.54% of the company's stock.

Johnson Controls International Company 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.