Resonant Capital Advisors LLC Purchases 466 Shares of Johnson Controls International plc (NYSE:JCI)

Resonant Capital Advisors LLC raised its position in shares of Johnson Controls International plc (NYSE:JCI) by 13.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,882 shares of the company’s stock after acquiring an additional 466 shares during the period. Resonant Capital Advisors LLC’s holdings in Johnson Controls International were worth $312,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas increased its holdings in Johnson Controls International by 392.5% in the 1st quarter. Teacher Retirement System of Texas now owns 194,055 shares of the company’s stock valued at $15,546,000 after buying an additional 154,652 shares during the period. First Horizon Advisors Inc. increased its stake in Johnson Controls International by 8.8% in the first quarter. First Horizon Advisors Inc. now owns 4,323 shares of the company’s stock valued at $346,000 after acquiring an additional 349 shares during the period. Novem Group lifted its stake in Johnson Controls International by 2.9% during the first quarter. Novem Group now owns 42,631 shares of the company’s stock worth $3,415,000 after purchasing an additional 1,183 shares during the period. Fiduciary Group LLC boosted its holdings in Johnson Controls International by 18.8% during the first quarter. Fiduciary Group LLC now owns 12,381 shares of the company’s stock valued at $992,000 after purchasing an additional 1,956 shares in the last quarter. Finally, Aaron Wealth Advisors LLC grew its stake in shares of Johnson Controls International by 18.7% in the 1st quarter. Aaron Wealth Advisors LLC now owns 5,208 shares of the company’s stock valued at $417,000 after purchasing an additional 819 shares during the period. Institutional investors own 90.05% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Citigroup dropped their price objective on shares of Johnson Controls International from $95.00 to $85.00 and set a “neutral” rating for the company in a report on Monday, April 14th. UBS Group reaffirmed a “buy” rating and issued a $116.00 target price (up from $103.00) on shares of Johnson Controls International in a research note on Thursday, May 22nd. Oppenheimer downgraded Johnson Controls International from an “outperform” rating to a “market perform” rating in a research report on Friday, June 20th. Robert W. Baird upped their target price on shares of Johnson Controls International from $84.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, May 8th. Finally, Vertical Research upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $105.00 price target for the company in a research report on Thursday, May 8th. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $97.88.

Insider Activity at Johnson Controls International

In related news, CFO Marc Vandiepenbeeck sold 28,289 shares of Johnson Controls International stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $90.92, for a total transaction of $2,572,035.88. Following the completion of the sale, the chief financial officer directly owned 147,673 shares of the company’s stock, valued at approximately $13,426,429.16. This trade represents a 16.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Anuruddha Rathninde sold 15,000 shares of the business’s stock in a transaction on 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 owned 42,574 shares of the company’s stock, valued at $4,390,656.62. This trade represents a 26.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 147,555 shares of company stock worth $13,705,106. 0.54% of the stock is currently owned by corporate insiders.

Johnson Controls International Stock Up 1.4%

NYSE:JCI opened at $106.55 on Friday. Johnson Controls International plc has a twelve month low of $64.31 and a twelve month high of $106.96. The firm has a market capitalization of $70.11 billion, a price-to-earnings ratio of 28.41, a price-to-earnings-growth ratio of 1.93 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 stock’s 50 day moving average price is $98.28 and its two-hundred day moving average price is $86.86.

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

Johnson Controls International Announces Dividend

The business also recently announced 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 1.39%. The ex-dividend date of this dividend is Monday, June 23rd. Johnson Controls International’s payout ratio is 39.47%.

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