Dynamic Advisor Solutions LLC Boosts Holdings in Johnson Controls International plc (NYSE:JCI)

Dynamic Advisor Solutions LLC lifted its position in shares of Johnson Controls International plc (NYSE:JCI) by 22.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,987 shares of the company’s stock after buying an additional 1,096 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Johnson Controls International were worth $480,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Wealthcare Advisory Partners LLC lifted its position in Johnson Controls International by 9.0% in the first quarter. Wealthcare Advisory Partners LLC now owns 3,982 shares of the company’s stock valued at $319,000 after buying an additional 328 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Johnson Controls International by 24.5% in the 1st quarter. Farther Finance Advisors LLC now owns 7,946 shares of the company’s stock valued at $647,000 after acquiring an additional 1,566 shares during the period. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Johnson Controls International by 15.4% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 6,611 shares of the company’s stock worth $530,000 after acquiring an additional 882 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Johnson Controls International during the 4th quarter worth approximately $29,000. Finally, Madison Investment Advisors LLC purchased a new position in shares of Johnson Controls International during the 4th quarter worth approximately $213,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on JCI. Vertical Research upgraded Johnson Controls International from a “hold” rating to a “buy” rating and set a $105.00 price target on the stock in a research note on Thursday, May 8th. Wells Fargo & Company raised their price objective on shares of Johnson Controls International from $100.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, June 4th. Royal Bank Of Canada lifted their price objective on shares of Johnson Controls International from $82.00 to $98.00 and gave the company a “sector perform” rating in a report on Thursday, May 8th. Morgan Stanley increased their target price 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 lifted their price objective on Johnson Controls International from $90.00 to $96.00 and gave the company an “outperform” rating in a research note on Thursday, May 8th. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $97.88.

Insider Activity at Johnson Controls International

In related news, VP Anuruddha Rathninde sold 15,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the vice president now owns 42,574 shares in the company, valued at $4,390,656.62. This trade represents a 26.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Nathan D. Manning sold 1,422 shares of the business’s stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $86.91, for a total value of $123,586.02. Following the transaction, the vice president now owns 144,704 shares in the company, valued at $12,576,224.64. The trade was a 0.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 147,555 shares of company stock worth $13,669,414 in the last three months. Insiders own 0.54% of the company’s stock.

Johnson Controls International Stock Down 0.4%

Shares of NYSE:JCI opened at $103.42 on Thursday. Johnson Controls International plc has a 1-year low of $64.31 and a 1-year high of $105.19. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.81. The stock has a market cap of $68.06 billion, a P/E ratio of 27.58, a P/E/G ratio of 2.27 and a beta of 1.33. The firm has a fifty day moving average price of $92.36 and a 200 day moving average price of $85.28.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.05. The business had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.64 billion. Johnson Controls International had a net margin of 10.19% and a return on equity of 15.13%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.78 earnings per share. Sell-side analysts predict that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 23rd will be issued a dividend of $0.37 per share. 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 dividend payout ratio is presently 39.47%.

Johnson Controls International declared that its board has authorized a stock repurchase program on Friday, June 13th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 13.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

About Johnson Controls International

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.