IFP Advisors Inc Purchases 7,130 Shares of Johnson Controls International plc (NYSE:JCI)

IFP Advisors Inc boosted its position in shares of Johnson Controls International plc (NYSE:JCI) by 128.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,670 shares of the company’s stock after acquiring an additional 7,130 shares during the period. IFP Advisors Inc’s holdings in Johnson Controls International were worth $1,018,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of JCI. Strategic Blueprint LLC grew its position in Johnson Controls International by 4.3% during the 1st quarter. Strategic Blueprint LLC now owns 2,980 shares of the company’s stock worth $239,000 after acquiring an additional 123 shares during the last quarter. SeaCrest Wealth Management LLC grew its position in Johnson Controls International by 2.7% during 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 last quarter. Abacus Planning Group Inc. grew its position in Johnson Controls International by 5.2% during 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 last quarter. HighPoint Advisor Group LLC lifted its holdings in Johnson Controls International by 1.8% during the 4th quarter. HighPoint Advisor Group LLC now owns 8,852 shares of the company’s stock worth $699,000 after buying an additional 154 shares in the last quarter. Finally, Cornerstone Planning Group LLC lifted its holdings in Johnson Controls International by 74.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 363 shares of the company’s stock worth $28,000 after buying an additional 155 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors.

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 on Tuesday, July 1st. The shares were sold at an average price of $104.82, for a total transaction of $149,054.04. Following the completion of the transaction, the vice president directly owned 141,860 shares in the company, valued at $14,869,765.20. The trade was a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Marc Vandiepenbeeck sold 28,289 shares of the business’s stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $90.92, for a total transaction of $2,572,035.88. Following the transaction, the chief financial officer owned 147,673 shares of the company’s stock, valued at $13,426,429.16. This represents a 16.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 147,555 shares of company stock worth $13,705,106. Insiders own 0.54% of the company’s stock.

Johnson Controls International Trading Up 1.6%

JCI opened at $110.03 on Thursday. The stock has a market cap of $72.41 billion, a PE ratio of 29.34, a PEG ratio of 1.98 and a beta of 1.31. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.48. The business has a 50 day moving average of $103.43 and a 200-day moving average of $89.50. Johnson Controls International plc has a 52 week low of $64.31 and a 52 week high of $110.59.

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

Johnson Controls International announced that its board has authorized a stock repurchase plan on Friday, June 13th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to reacquire up to 13.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Monday, June 23rd were paid a $0.37 dividend. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $1.48 annualized dividend and a yield of 1.35%. Johnson Controls International’s dividend payout ratio (DPR) is 39.47%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on JCI shares. Barclays raised their price objective on Johnson Controls International from $90.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 9th. Royal Bank Of Canada lifted their price target on Johnson Controls International from $82.00 to $98.00 and gave the company a “sector perform” rating in a research note on Thursday, May 8th. Deutsche Bank Aktiengesellschaft raised Johnson Controls International from a “hold” rating to a “buy” rating and lifted their price target for the company from $101.00 to $112.00 in a research note on Monday, May 12th. Vertical Research raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $105.00 target price on the stock in a research report on Thursday, May 8th. Finally, Wells Fargo & Company lifted their target price on Johnson Controls International from $100.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, June 4th. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $103.18.

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.