ORG Wealth Partners LLC Buys New Position in Johnson Controls International plc (NYSE:JCI)

ORG Wealth Partners LLC purchased a new position in Johnson Controls International plc (NYSE:JCI) during the 1st quarter, HoldingsChannel reports. The firm purchased 1,341 shares of the company’s stock, valued at approximately $109,000.

Other institutional investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in shares of Johnson Controls International in the fourth quarter worth $29,000. Community Bank N.A. bought a new stake in Johnson Controls International in the 1st quarter valued at $32,000. Crowley Wealth Management Inc. acquired a new stake in Johnson Controls International in the 4th quarter worth $42,000. Gables Capital Management Inc. increased its holdings in shares of Johnson Controls International by 132.0% during the 4th quarter. Gables Capital Management Inc. now owns 580 shares of the company’s stock worth $46,000 after purchasing an additional 330 shares during the period. Finally, Heck Capital Advisors LLC acquired a new position in shares of Johnson Controls International during the fourth quarter valued at about $48,000. 90.05% of the stock is owned by institutional investors.

Insider Activity at Johnson Controls International

In related news, VP Anuruddha Rathninde sold 15,000 shares of Johnson Controls International stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $103.13, for a total value of $1,546,950.00. Following the completion of the transaction, the vice president now directly owns 42,574 shares of the company’s stock, valued at $4,390,656.62. The trade was a 26.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the company’s stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $86.91, for a total transaction of $123,586.02. Following the transaction, the vice president now owns 144,704 shares in the company, valued at approximately $12,576,224.64. This trade represents a 0.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold 147,555 shares of company stock valued at $13,669,414 in the last three months. Corporate insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on JCI shares. Barclays increased 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. Morgan Stanley raised their price objective 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. Vertical Research raised 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. Oppenheimer upped their target price 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. Finally, Wells Fargo & Company raised their target price on Johnson Controls International from $100.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 4th. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Johnson Controls International has a consensus rating of “Moderate Buy” and a consensus target price of $97.88.

Johnson Controls International Stock Down 0.4%

JCI opened at $103.42 on Friday. The firm has a market cap of $68.06 billion, a price-to-earnings ratio of 27.58, a PEG ratio of 2.26 and a beta of 1.33. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.81 and a current ratio of 0.96. The firm’s 50-day simple moving average is $92.90 and its 200-day simple moving average is $85.42. Johnson Controls International plc has a twelve month low of $64.31 and a twelve month high of $105.19.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. The firm 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%. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.78 earnings per share. Equities research analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

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

Johnson Controls International Announces Dividend

The firm 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 dividend of $0.37 per share. The ex-dividend date is Monday, June 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.43%. Johnson Controls International’s dividend payout ratio (DPR) is presently 39.47%.

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.