Radnor Capital Management LLC increased its stake in shares of Johnson Controls International plc (NYSE:JCI – Free Report) by 1.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 25,700 shares of the company’s stock after purchasing an additional 485 shares during the quarter. Radnor Capital Management LLC’s holdings in Johnson Controls International were worth $2,714,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of JCI. Truvestments Capital LLC increased its position in shares of Johnson Controls International by 425.0% during the 1st quarter. Truvestments Capital LLC now owns 315 shares of the company’s stock valued at $25,000 after purchasing an additional 255 shares during the last quarter. Accent Capital Management LLC bought a new position in shares of Johnson Controls International during the 1st quarter valued at approximately $26,000. Cornerstone Planning Group LLC increased its position in shares of Johnson Controls International by 74.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 363 shares of the company’s stock valued at $28,000 after purchasing an additional 155 shares during the last quarter. Activest Wealth Management increased its position in shares of Johnson Controls International by 56.4% during the 1st quarter. Activest Wealth Management now owns 369 shares of the company’s stock valued at $30,000 after purchasing an additional 133 shares during the last quarter. Finally, Community Bank N.A. bought a new position in shares of Johnson Controls International during the 1st quarter valued at approximately $32,000. Institutional investors own 90.05% of the company’s stock.
Johnson Controls International Trading Down 0.8%
Shares of NYSE JCI opened at $106.91 on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.96 and a quick ratio of 0.81. The stock has a market capitalization of $69.96 billion, a P/E ratio of 31.72, a price-to-earnings-growth ratio of 1.92 and a beta of 1.31. Johnson Controls International plc has a 1-year low of $68.03 and a 1-year high of $112.63. The business has a fifty day moving average price of $106.76 and a 200 day moving average price of $95.90.
Johnson Controls International announced that its board has approved a share repurchase plan 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 stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its stock is undervalued.
Johnson Controls International Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Monday, September 22nd will be paid a dividend of $0.40 per share. This is an increase from Johnson Controls International’s previous quarterly dividend of $0.37. The ex-dividend date is Monday, September 22nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.5%. Johnson Controls International’s dividend payout ratio (DPR) is currently 43.92%.
Insider Transactions at Johnson Controls International
In other Johnson Controls International news, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $105.06, for a total value of $149,395.32. Following the completion of the sale, the vice president directly owned 139,459 shares in the company, valued at approximately $14,651,562.54. This trade represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $105.73, for a total value of $625,604.41. Following the completion of the sale, the vice president owned 25,005 shares of the company’s stock, valued at approximately $2,643,778.65. This trade represents a 19.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,183 shares of company stock valued at $1,071,501. 0.54% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
JCI has been the topic of several analyst reports. The Goldman Sachs Group boosted their target price on Johnson Controls International from $103.00 to $116.00 and gave the company a “buy” rating in a research report on Tuesday, July 8th. Oppenheimer downgraded Johnson Controls International from an “outperform” rating to a “market perform” rating in a research report on Friday, June 20th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $120.00 price objective on shares of Johnson Controls International in a research report on Thursday, July 24th. Zacks Research raised Johnson Controls International to a “hold” rating in a research report on Monday, August 11th. Finally, UBS Group reaffirmed a “buy” rating and issued a $116.00 price objective (up previously from $103.00) on shares of Johnson Controls International in a research report on Thursday, May 22nd. Nine equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $105.72.
View Our Latest Stock Analysis on JCI
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.
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