Vestmark Advisory Solutions Inc. acquired a new stake in shares of Johnson Controls International PLC (NYSE:JCI) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 59,081 shares of the company’s stock, valued at approximately $2,182,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in JCI. Horan Capital Advisors LLC. acquired a new position in Johnson Controls International during the first quarter worth approximately $25,000. Creative Financial Designs Inc. ADV increased its position in Johnson Controls International by 155.6% during the first quarter. Creative Financial Designs Inc. ADV now owns 667 shares of the company’s stock worth $25,000 after purchasing an additional 406 shares during the last quarter. Ellis Investment Partners LLC acquired a new position in Johnson Controls International during the first quarter worth approximately $30,000. Paragon Capital Management LLC acquired a new position in Johnson Controls International during the first quarter worth approximately $31,000. Finally, Proficio Capital Partners LLC increased its position in Johnson Controls International by 148.2% during the fourth quarter. Proficio Capital Partners LLC now owns 1,102 shares of the company’s stock worth $33,000 after purchasing an additional 658 shares during the last quarter. 91.05% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently commented on the stock. Credit Suisse Group assumed coverage on shares of Johnson Controls International in a research report on Monday, May 13th. They set a “neutral” rating and a $42.00 price target for the company. TheStreet raised shares of Johnson Controls International from a “c+” rating to a “b-” rating in a research report on Thursday, May 9th. Citigroup assumed coverage on shares of Johnson Controls International in a research report on Wednesday, June 5th. They set a “buy” rating and a $45.00 price target for the company. Zacks Investment Research lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Tuesday, May 14th. Finally, Barclays assumed coverage on shares of Johnson Controls International in a research report on Wednesday. They set an “equal weight” rating and a $39.00 price target for the company. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $39.64.

Shares of Johnson Controls International stock traded down $0.32 during trading hours on Friday, hitting $39.95. The company’s stock had a trading volume of 4,964,751 shares, compared to its average volume of 12,126,193. Johnson Controls International PLC has a 1-year low of $28.30 and a 1-year high of $40.33. The firm has a market capitalization of $35.88 billion, a P/E ratio of 14.12, a PEG ratio of 2.15 and a beta of 0.94. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 0.40.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.02. Johnson Controls International had a net margin of 8.52% and a return on equity of 9.85%. The company had revenue of $5.78 billion during the quarter, compared to analyst estimates of $5.79 billion. During the same quarter in the prior year, the business earned $0.54 earnings per share. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, research analysts expect that Johnson Controls International PLC will post 1.92 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Monday, June 24th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.60%. The ex-dividend date is Friday, June 21st. Johnson Controls International’s payout ratio is currently 36.75%.

Johnson Controls International declared that its Board of Directors has authorized a stock repurchase plan on Thursday, March 7th that permits the company to repurchase $8.50 billion in shares. This repurchase authorization permits the company to repurchase up to 26% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

In other news, CEO George Oliver sold 11,425 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $39.53, for a total value of $451,630.25. Following the completion of the transaction, the chief executive officer now directly owns 865,142 shares in the company, valued at $34,199,063.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Brian J. Stief sold 126,158 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $39.09, for a total transaction of $4,931,516.22. Following the completion of the transaction, the vice president now owns 154,860 shares of the company’s stock, valued at $6,053,477.40. The disclosure for this sale can be found here. Insiders sold 186,865 shares of company stock valued at $7,308,261 in the last three months. Company insiders own 0.50% of the company’s stock.

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Johnson Controls International Profile

Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Building Technologies & Solutions and Power Solutions segments. The company designs, sells, installs, and services heating, ventilating, and air conditioning systems, controls systems, integrated electronic security systems, and integrated fire detection and suppression systems for commercial, industrial, retail, small business, institutional, and governmental customers; and energy efficiency solutions and technical services, including inspection, scheduled maintenance, and repair and replacement of mechanical and control systems, to non-residential building and industrial applications.

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Institutional Ownership by Quarter for Johnson Controls International (NYSE:JCI)

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