TKG Advisors LLC Purchases 13,483 Shares of Johnson Controls International plc (NYSE:JCI)

TKG Advisors LLC grew its holdings in Johnson Controls International plc (NYSE:JCI) by 100.4% in the first quarter, HoldingsChannel reports. The fund owned 26,908 shares of the company’s stock after buying an additional 13,483 shares during the period. TKG Advisors LLC’s holdings in Johnson Controls International were worth $2,156,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Johnson Controls International by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 68,156,110 shares of the company’s stock worth $5,379,562,000 after purchasing an additional 179,743 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Johnson Controls International by 6.0% in the 4th quarter. Franklin Resources Inc. now owns 23,344,374 shares of the company’s stock valued at $1,842,571,000 after buying an additional 1,325,500 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Johnson Controls International by 13.2% during the 4th quarter. Invesco Ltd. now owns 18,407,597 shares of the company’s stock worth $1,452,912,000 after acquiring an additional 2,150,573 shares during the period. Geode Capital Management LLC boosted its position in shares of Johnson Controls International by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 13,818,777 shares of the company’s stock worth $1,087,670,000 after acquiring an additional 343,517 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Johnson Controls International during the 4th quarter worth $568,309,000. 90.05% of the stock is owned by institutional investors.

Johnson Controls International Stock Performance

NYSE:JCI opened at $105.06 on Thursday. The business has a 50 day moving average price of $97.76 and a 200-day moving average price of $86.71. Johnson Controls International plc has a fifty-two week low of $64.31 and a fifty-two week high of $106.07. The firm has a market cap of $69.13 billion, a PE ratio of 28.02, a price-to-earnings-growth ratio of 1.93 and a beta of 1.31. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.81 and a current ratio of 0.96.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.82 EPS for the quarter, beating the consensus estimate 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 business had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.64 billion. During the same quarter last year, the firm posted $0.78 earnings per share. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. Equities research analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current year.

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

Johnson Controls International Dividend Announcement

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 given a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $1.48 annualized dividend and a yield of 1.41%. Johnson Controls International’s dividend payout ratio (DPR) is presently 39.47%.

Insider Buying and Selling

In other news, Director George Oliver sold 100,000 shares of Johnson Controls International stock in a transaction dated 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 transaction, the director directly owned 904,305 shares of the company’s stock, valued at $82,924,768.50. The trade was a 9.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International 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 in the company, valued at $14,869,765.20. This represents a 0.99% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 147,555 shares of company stock worth $13,705,106. Company insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on JCI. Deutsche Bank Aktiengesellschaft raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and boosted their target price for the stock from $101.00 to $112.00 in a research note on Monday, May 12th. UBS Group reaffirmed a “buy” rating and set a $116.00 target price (up from $103.00) on shares of Johnson Controls International in a report on Thursday, May 22nd. 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. JPMorgan Chase & Co. upped their target price on Johnson Controls International from $81.00 to $98.00 and gave the company an “overweight” rating in a report on Friday, May 16th. Finally, Vertical Research upgraded Johnson Controls International from a “hold” rating to a “buy” rating and set a $105.00 target price for the company in a report on Thursday, May 8th. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $97.88.

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.