Johnson Controls International plc (NYSE:JCI) Stock Position Decreased by ANTIPODES PARTNERS Ltd

ANTIPODES PARTNERS Ltd cut its stake in shares of Johnson Controls International plc (NYSE:JCI) by 6.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 1,133,680 shares of the company’s stock after selling 81,681 shares during the quarter. Johnson Controls International comprises 2.8% of ANTIPODES PARTNERS Ltd’s holdings, making the stock its 14th biggest position. ANTIPODES PARTNERS Ltd’s holdings in Johnson Controls International were worth $90,826,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the stock. Cornerstone Planning Group LLC boosted its position in shares of Johnson Controls International by 74.5% in the first quarter. Cornerstone Planning Group LLC now owns 363 shares of the company’s stock worth $28,000 after buying an additional 155 shares during the period. Community Bank N.A. purchased a new stake in shares of Johnson Controls International during the first quarter worth $32,000. Rossby Financial LCC purchased a new stake in shares of Johnson Controls International during the first quarter worth $42,000. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of Johnson Controls International during the first quarter worth $43,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Johnson Controls International during the fourth quarter worth $48,000. 90.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

JCI has been the subject of several recent research reports. Citigroup reiterated a “neutral” rating and set a $110.00 price objective (up from $94.00) on shares of Johnson Controls International in a report on Monday, July 14th. Morgan Stanley lifted their target price on Johnson Controls International from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Friday, May 9th. JPMorgan Chase & Co. lifted their target price on Johnson Controls International from $81.00 to $98.00 and gave the stock an “overweight” rating in a research report on Friday, May 16th. Royal Bank Of Canada lifted their target price on Johnson Controls International from $82.00 to $98.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 8th. Finally, UBS Group reissued a “buy” rating and set a $116.00 target price (up from $103.00) on shares of Johnson Controls International in a research report on Thursday, May 22nd. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Johnson Controls International has a consensus rating of “Hold” and an average target price of $104.11.

Insider Activity at Johnson Controls International

In other news, VP Anuruddha Rathninde sold 15,000 shares of the 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 completion of the transaction, the vice president directly owned 42,574 shares of the company’s stock, valued at $4,390,656.62. This represents a 26.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction that occurred 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 transaction, the vice president directly owned 141,860 shares of the company’s stock, valued at $14,869,765.20. This represents a 0.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 147,555 shares of company stock valued at $13,705,106. 0.54% of the stock is currently owned by company insiders.

Johnson Controls International Price Performance

NYSE:JCI traded up $0.21 during mid-day trading on Thursday, reaching $110.34. The stock had a trading volume of 741,187 shares, compared to its average volume of 4,594,158. Johnson Controls International plc has a 12 month low of $64.31 and a 12 month high of $110.59. 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 capitalization of $72.61 billion, a PE ratio of 29.44, a P/E/G ratio of 1.98 and a beta of 1.31. The stock has a 50-day simple moving average of $103.43 and a two-hundred day simple moving average of $89.50.

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. The company had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.64 billion. Johnson Controls International had a net margin of 10.19% and a return on equity of 15.13%. Johnson Controls International’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.78 earnings per share. On average, equities analysts anticipate 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 announced a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Monday, June 23rd were issued 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 1.34%. Johnson Controls International’s payout ratio is 39.47%.

Johnson Controls International declared that its board has approved a stock buyback program on Friday, June 13th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to purchase up to 13.4% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

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.