Campbell Newman Asset Management Inc. Lowers Position in Johnson Controls International plc (NYSE:JCI)

Campbell Newman Asset Management Inc. lessened its stake in Johnson Controls International plc (NYSE:JCI) by 10.0% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,600 shares of the company’s stock after selling 400 shares during the quarter. Campbell Newman Asset Management Inc.’s holdings in Johnson Controls International were worth $288,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in Johnson Controls International by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 68,156,110 shares of the company’s stock valued at $5,379,562,000 after acquiring an additional 179,743 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Johnson Controls International by 6.0% in the fourth quarter. Franklin Resources Inc. now owns 23,344,374 shares of the company’s stock worth $1,842,571,000 after purchasing an additional 1,325,500 shares during the last quarter. Invesco Ltd. lifted its stake in Johnson Controls International by 13.2% in the fourth 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. Fisher Asset Management LLC lifted its stake in Johnson Controls International by 2.9% in the fourth quarter. Fisher Asset Management LLC now owns 15,743,019 shares of the company’s stock worth $1,242,597,000 after acquiring an additional 447,513 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Johnson Controls International by 2.5% in the fourth 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 during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Performance

JCI opened at $101.80 on Friday. Johnson Controls International plc has a 12-month low of $64.31 and a 12-month high of $104.15. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $66.99 billion, a PE ratio of 38.86, a P/E/G ratio of 1.96 and a beta of 1.33. The firm has a 50 day moving average of $90.70 and a two-hundred day moving average of $84.86.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. The company had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.64 billion. During the same period last year, the firm posted $0.78 EPS. Johnson Controls International’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Stockholders 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 1.45%. The ex-dividend date is Monday, June 23rd. Johnson Controls International’s dividend payout ratio (DPR) is 39.47%.

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on JCI shares. UBS Group restated a “buy” rating and issued a $116.00 price target (up from $103.00) on shares of Johnson Controls International in a report on Thursday, May 22nd. Barclays raised their price target on shares of Johnson Controls International from $85.00 to $90.00 and gave the company an “equal weight” rating in a report on Wednesday, May 14th. Wells Fargo & Company raised their price target on shares of Johnson Controls International from $100.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, June 4th. Vertical Research upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $105.00 price target on the stock in a report on Thursday, May 8th. Finally, Robert W. Baird increased their price objective 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. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $97.88.

Insider Activity

In other Johnson Controls International news, VP Anuruddha Rathninde sold 15,000 shares of the company’s stock in a transaction on Friday, June 6th. The shares were sold at an average price of $103.13, for a total transaction of $1,546,950.00. Following the completion of the transaction, the vice president now directly owns 42,574 shares in the company, valued at approximately $4,390,656.62. This represents a 26.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Nathan D. Manning sold 1,422 shares of the business’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 sale, the vice president now directly owns 144,704 shares of the company’s stock, valued at $12,576,224.64. This represents a 0.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 147,555 shares of company stock valued at $13,669,414 in the last three months. 0.54% of the stock is currently owned by corporate insiders.

Johnson Controls International 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.