Xponance Inc. Raises Stock Holdings in Johnson Controls International plc (NYSE:JCI)

Xponance Inc. raised its holdings in Johnson Controls International plc (NYSE:JCI - Free Report) by 6.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 108,001 shares of the company's stock after buying an additional 6,098 shares during the period. Xponance Inc.'s holdings in Johnson Controls International were worth $8,652,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Norges Bank bought a new position in shares of Johnson Controls International during the fourth quarter valued at about $560,549,000. Invesco Ltd. lifted its position in shares of Johnson Controls International by 13.2% during the fourth 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. Franklin Resources Inc. lifted its position in shares of Johnson Controls International by 6.0% during the fourth quarter. Franklin Resources Inc. now owns 23,344,374 shares of the company's stock valued at $1,842,571,000 after purchasing an additional 1,325,500 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Johnson Controls International by 10,137.2% during the first quarter. GAMMA Investing LLC now owns 1,179,219 shares of the company's stock valued at $94,467,000 after purchasing an additional 1,167,700 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Johnson Controls International by 18.1% during 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 in the last quarter. 90.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Vertical Research raised shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 price target on the stock in a research report on Thursday, May 8th. Royal Bank Of Canada raised their price objective on shares of Johnson Controls International from $82.00 to $98.00 and gave the stock a "sector perform" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. raised their price objective on shares of Johnson Controls International from $81.00 to $98.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Morgan Stanley raised their price objective on shares of Johnson Controls International from $105.00 to $115.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Finally, Oppenheimer downgraded shares of Johnson Controls International from an "outperform" rating to a "market perform" rating in a report on Friday, June 20th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $100.53.

Johnson Controls International Price Performance

NYSE:JCI traded down $0.51 during mid-day trading on Friday, hitting $105.82. 2,234,200 shares of the stock traded hands, compared to its average volume of 4,340,707. The business's 50-day moving average price is $100.92 and its 200 day moving average price is $87.93. The company has a market cap of $69.63 billion, a PE ratio of 28.22, a price-to-earnings-growth ratio of 1.95 and a beta of 1.31. Johnson Controls International plc has a 12-month low of $64.31 and a 12-month high of $107.20. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.48.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.77 by $0.05. The company had revenue of $5.68 billion during the quarter, compared to analysts' expectations of $5.64 billion. Johnson Controls International had a net margin of 10.19% and a return on equity of 15.13%. Johnson Controls International's revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.78 earnings per share. On average, analysts expect that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 23rd will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $1.48 annualized dividend and a yield of 1.40%. Johnson Controls International's payout ratio is presently 39.47%.

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

Insider Activity at Johnson Controls International

In other news, CFO Marc Vandiepenbeeck sold 28,289 shares of the business's stock in a transaction that occurred 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 sale, the chief financial officer directly owned 147,673 shares in the company, valued at approximately $13,426,429.16. The trade was a 16.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Nathan D. Manning sold 1,422 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $104.82, for a total transaction of $149,054.04. Following the completion of the sale, the vice president owned 141,860 shares of the company's stock, valued at approximately $14,869,765.20. The trade was a 0.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 147,555 shares of company stock valued at $13,705,106. 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.