Wealth Preservation Advisors LLC bought a new position in shares of Johnson Controls International plc (NYSE:JCI – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 618 shares of the company’s stock, valued at approximately $50,000.
Other institutional investors have also recently made changes to their positions in the company. Accent Capital Management LLC purchased a new position in shares of Johnson Controls International during the first quarter worth $26,000. Cornerstone Planning Group LLC grew its position in Johnson Controls International by 74.5% during the first quarter. Cornerstone Planning Group LLC now owns 363 shares of the company’s stock valued at $28,000 after buying an additional 155 shares during the period. Community Bank N.A. acquired a new stake in Johnson Controls International during the first quarter valued at $32,000. Talaria Asset Management Pty Ltd acquired a new stake in Johnson Controls International during the first quarter valued at $39,000. Finally, Rossby Financial LCC acquired a new stake in Johnson Controls International during the first quarter valued at $42,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.
Johnson Controls International Stock Performance
JCI opened at $109.31 on Thursday. The firm has a market capitalization of $71.53 billion, a PE ratio of 32.44, a PEG ratio of 1.93 and a beta of 1.30. Johnson Controls International plc has a twelve month low of $67.68 and a twelve month high of $112.63. The firm’s 50-day moving average price is $106.11 and its 200 day moving average price is $93.96. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50.
Johnson Controls International declared that its Board of Directors has approved a share repurchase program on Friday, June 13th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 13.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.
Johnson Controls International Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Monday, June 23rd were given a dividend of $0.37 per share. The ex-dividend date was Monday, June 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.4%. Johnson Controls International’s payout ratio is presently 43.92%.
Insider Transactions at Johnson Controls International
In related news, VP Nathan D. Manning sold 1,422 shares of the business’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $103.69, for a total transaction of $147,447.18. Following the transaction, the vice president directly owned 140,881 shares in the company, valued at approximately $14,607,950.89. The trade was a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Anuruddha Rathninde sold 15,000 shares of the business’s stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $103.13, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,266 shares of company stock worth $1,986,931 over the last 90 days. 0.54% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Several analysts recently commented on JCI shares. Robert W. Baird raised their price target on shares of Johnson Controls International from $90.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and raised their price target for the company from $101.00 to $112.00 in a research report on Monday, May 12th. 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. The Goldman Sachs Group lifted their target price on shares of Johnson Controls International from $103.00 to $116.00 and gave the company a “buy” rating in a research report on Tuesday, July 8th. Finally, Oppenheimer lowered shares of Johnson Controls International from an “outperform” rating to a “market perform” rating in a research report on Friday, June 20th. Nine analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Johnson Controls International presently has an average rating of “Hold” and a consensus price target of $105.72.
Check Out Our Latest Report on Johnson Controls International
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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