IVC Wealth Advisors LLC Purchases 676 Shares of Johnson Controls International plc (NYSE:JCI)

IVC Wealth Advisors LLC lifted its stake in Johnson Controls International plc (NYSE:JCI) by 18.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,315 shares of the company’s stock after buying an additional 676 shares during the period. IVC Wealth Advisors LLC’s holdings in Johnson Controls International were worth $282,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Johnson Controls International by 17.3% in the fourth quarter. Vanguard Group Inc. now owns 71,387,169 shares of the company’s stock valued at $4,114,756,000 after buying an additional 10,522,009 shares during the period. Franklin Resources Inc. lifted its stake in shares of Johnson Controls International by 1.9% in the fourth quarter. Franklin Resources Inc. now owns 16,419,338 shares of the company’s stock valued at $946,411,000 after buying an additional 305,798 shares during the period. Fisher Asset Management LLC lifted its stake in shares of Johnson Controls International by 4.8% in the fourth quarter. Fisher Asset Management LLC now owns 13,528,240 shares of the company’s stock valued at $779,768,000 after buying an additional 618,120 shares during the period. Capital World Investors lifted its stake in shares of Johnson Controls International by 35.6% in the fourth quarter. Capital World Investors now owns 7,622,156 shares of the company’s stock valued at $439,341,000 after buying an additional 2,001,644 shares during the period. Finally, Norges Bank bought a new stake in shares of Johnson Controls International in the fourth quarter valued at about $316,400,000. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Price Performance

Shares of NYSE JCI traded up $0.53 during mid-day trading on Wednesday, hitting $66.85. 1,934,276 shares of the stock were exchanged, compared to its average volume of 5,484,121. The company has a market cap of $45.04 billion, a P/E ratio of 27.09, a PEG ratio of 1.73 and a beta of 1.28. The stock’s fifty day simple moving average is $68.28 and its two-hundred day simple moving average is $62.45. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.65 and a current ratio of 0.87. Johnson Controls International plc has a twelve month low of $47.90 and a twelve month high of $74.23.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. The business had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.51 billion. Johnson Controls International had a net margin of 6.32% and a return on equity of 13.21%. Johnson Controls International’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.75 earnings per share. As a group, analysts forecast that Johnson Controls International plc will post 3.59 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Monday, June 24th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date is Monday, June 24th. Johnson Controls International’s dividend payout ratio is currently 59.92%.

Insider Activity at Johnson Controls International

In related news, VP Daniel C. Mcconeghy sold 9,342 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $65.50, for a total value of $611,901.00. Following the completion of the sale, the vice president now owns 25,378 shares of the company’s stock, valued at $1,662,259. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 9,342 shares of Johnson Controls International stock in a transaction on Friday, May 10th. The shares were sold at an average price of $65.50, for a total transaction of $611,901.00. Following the completion of the sale, the vice president now owns 25,378 shares of the company’s stock, valued at approximately $1,662,259. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Juergen Tinggren sold 4,000 shares of Johnson Controls International stock in a transaction on Monday, May 6th. The stock was sold at an average price of $62.31, for a total transaction of $249,240.00. Following the sale, the director now directly owns 30,120 shares of the company’s stock, valued at approximately $1,876,777.20. The disclosure for this sale can be found here. Insiders sold a total of 18,067 shares of company stock valued at $1,162,299 over the last quarter. Corporate insiders own 0.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Barclays raised their price target on shares of Johnson Controls International from $59.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Friday, June 21st. Citigroup raised their price target on shares of Johnson Controls International from $59.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Oppenheimer raised their price target on shares of Johnson Controls International from $70.00 to $76.00 and gave the stock an “outperform” rating in a research note on Thursday, June 27th. UBS Group cut shares of Johnson Controls International from a “buy” rating to a “neutral” rating and cut their price target for the stock from $74.00 to $68.00 in a research note on Monday, May 6th. Finally, Wells Fargo & Company raised their price target on shares of Johnson Controls International from $64.00 to $73.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $63.82.

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.