Sagespring Wealth Partners LLC Purchases 3,399 Shares of Johnson Controls International plc (NYSE:JCI)

Sagespring Wealth Partners LLC lifted its position in Johnson Controls International plc (NYSE:JCI) by 21.9% during the 1st quarter, Holdings Channel reports. The firm owned 18,943 shares of the company’s stock after buying an additional 3,399 shares during the quarter. Sagespring Wealth Partners LLC’s holdings in Johnson Controls International were worth $1,517,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Jackson Hole Capital Partners LLC grew its holdings in Johnson Controls International by 0.7% during the 4th quarter. Jackson Hole Capital Partners LLC now owns 18,621 shares of the company’s stock worth $1,470,000 after acquiring an additional 127 shares during the last quarter. SeaCrest Wealth Management LLC grew its holdings 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 holdings 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. Kestra Investment Management LLC grew its holdings in Johnson Controls International by 2.4% during the 4th quarter. Kestra Investment Management LLC now owns 6,439 shares of the company’s stock worth $508,000 after acquiring an additional 151 shares during the last quarter. Finally, HighPoint Advisor Group LLC grew 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 acquiring an additional 154 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Performance

Shares of NYSE:JCI opened at $104.43 on Tuesday. The company has a market capitalization of $68.72 billion, a price-to-earnings ratio of 39.86, a P/E/G ratio of 1.96 and a beta of 1.33. The firm’s 50 day simple moving average is $91.37 and its 200 day simple moving average is $85.02. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86. Johnson Controls International plc has a fifty-two week low of $64.31 and a fifty-two week high of $105.19.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. The business had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.64 billion. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. Johnson Controls International’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period last year, the company posted $0.78 EPS. As a group, sell-side analysts forecast that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 23rd will be given a $0.37 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.42%. Johnson Controls International’s dividend payout ratio is 39.47%.

Johnson Controls International announced that its Board of Directors has approved a stock repurchase program on Friday, June 13th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 13.4% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on JCI. Vertical Research raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $105.00 price objective on the stock in a report on Thursday, May 8th. UBS Group reissued a “buy” rating and set a $116.00 price objective (up previously from $103.00) on shares of Johnson Controls International in a report on Thursday, May 22nd. Wells Fargo & Company raised their target price 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. JPMorgan Chase & Co. raised their target price on shares of Johnson Controls International from $81.00 to $98.00 and gave the company an “overweight” rating in a research note on Friday, May 16th. Finally, Barclays raised their target price on shares of Johnson Controls International from $85.00 to $90.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 14th. Eight investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Johnson Controls International presently has a consensus rating of “Moderate Buy” and a consensus target price of $97.88.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, VP Anuruddha Rathninde sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $103.13, for a total transaction of $1,546,950.00. Following the sale, the vice president now directly owns 42,574 shares in the company, valued at approximately $4,390,656.62. This trade represents a 26.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director George Oliver sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $91.70, for a total transaction of $9,170,000.00. Following the sale, the director now owns 904,305 shares in the company, valued at $82,924,768.50. This trade represents a 9.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 147,555 shares of company stock worth $13,669,414 in the last ninety days. 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.