Wealth Enhancement Advisory Services LLC Has $7.59 Million Stake in Johnson Controls International plc (NYSE:JCI)

Wealth Enhancement Advisory Services LLC increased its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 66.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 94,756 shares of the company's stock after acquiring an additional 37,984 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Johnson Controls International were worth $7,591,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Jackson Hole Capital Partners LLC lifted its position in shares of Johnson Controls International by 0.7% in the 4th quarter. Jackson Hole Capital Partners LLC now owns 18,621 shares of the company's stock worth $1,470,000 after acquiring an additional 127 shares during the period. SeaCrest Wealth Management LLC lifted its position in shares of Johnson Controls International by 2.7% in the 1st quarter. SeaCrest Wealth Management LLC now owns 5,060 shares of the company's stock worth $405,000 after acquiring an additional 135 shares during the period. Abacus Planning Group Inc. lifted its position in shares of Johnson Controls International by 5.2% in the 1st quarter. Abacus Planning Group Inc. now owns 2,714 shares of the company's stock worth $217,000 after acquiring an additional 135 shares during the period. HighPoint Advisor Group LLC lifted its position in shares of Johnson Controls International by 1.8% in the 4th quarter. HighPoint Advisor Group LLC now owns 8,852 shares of the company's stock worth $699,000 after acquiring an additional 154 shares during the period. Finally, Tocqueville Asset Management L.P. boosted its stake in Johnson Controls International by 0.7% in the 4th quarter. Tocqueville Asset Management L.P. now owns 25,449 shares of the company's stock valued at $2,009,000 after buying an additional 166 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

Insider Activity

In other Johnson Controls International news, VP Nathan D. Manning sold 1,422 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $79.72, for a total transaction of $113,361.84. Following the completion of the sale, the vice president now directly owns 145,502 shares in the company, valued at $11,599,419.44. This represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Anuruddha Rathninde sold 15,000 shares of the company's stock in a transaction 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 owns 42,574 shares of the company's stock, valued at $4,390,656.62. The trade was a 26.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 147,555 shares of company stock valued at $13,669,414. 0.54% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Morgan Stanley upped their price target on Johnson Controls International from $105.00 to $115.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Royal Bank Of Canada lifted their price objective on Johnson Controls International from $82.00 to $98.00 and gave the company a "sector perform" rating in a research report on Thursday, May 8th. Oppenheimer downgraded Johnson Controls International from an "outperform" rating to a "market perform" rating in a research report on Friday, June 20th. UBS Group reissued a "buy" rating and issued a $116.00 target price (up from $103.00) on shares of Johnson Controls International in a research note on Thursday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft raised Johnson Controls International from a "hold" rating to a "buy" rating and lifted their target price for the company from $101.00 to $112.00 in a research note on Monday, May 12th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $97.88.

Johnson Controls International Stock Performance

JCI opened at $103.64 on Wednesday. Johnson Controls International plc has a 52-week low of $64.31 and a 52-week high of $105.19. The firm has a market capitalization of $68.20 billion, a PE ratio of 27.64, a PEG ratio of 2.26 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. The business's 50-day simple moving average is $94.39 and its 200 day simple moving average is $85.84.

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 for the quarter, topping analysts' consensus estimates of $0.77 by $0.05. The firm 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 business's revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.78 earnings per share. As a group, sell-side analysts expect that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International declared that its Board of Directors has approved a share buyback plan on Friday, June 13th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to purchase up to 13.4% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its shares are undervalued.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 23rd will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Monday, June 23rd. Johnson Controls International's payout ratio is 39.47%.

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.

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