Providence Capital Advisors LLC raised its position in shares of Johnson Controls International PLC (NYSE:JCI) by 7.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,643 shares of the company’s stock after purchasing an additional 4,943 shares during the period. Johnson Controls International makes up approximately 1.6% of Providence Capital Advisors LLC’s investment portfolio, making the stock its 16th biggest position. Providence Capital Advisors LLC’s holdings in Johnson Controls International were worth $2,610,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc grew its stake in shares of Johnson Controls International by 1.3% in the third quarter. Vanguard Group Inc now owns 67,459,746 shares of the company’s stock worth $2,361,091,000 after purchasing an additional 857,281 shares during the last quarter. BlackRock Inc. grew its stake in shares of Johnson Controls International by 4.3% in the fourth quarter. BlackRock Inc. now owns 62,579,756 shares of the company’s stock worth $1,855,489,000 after purchasing an additional 2,602,524 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Johnson Controls International by 8.0% in the fourth quarter. Geode Capital Management LLC now owns 11,409,138 shares of the company’s stock worth $337,655,000 after purchasing an additional 843,858 shares during the last quarter. Northern Trust Corp grew its stake in shares of Johnson Controls International by 2.8% in the fourth quarter. Northern Trust Corp now owns 10,028,557 shares of the company’s stock worth $297,346,000 after purchasing an additional 276,448 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Johnson Controls International by 5.7% in the fourth quarter. American Century Companies Inc. now owns 8,190,567 shares of the company’s stock worth $242,850,000 after purchasing an additional 444,824 shares during the last quarter. Institutional investors and hedge funds own 91.94% of the company’s stock.

In other news, VP Brian J. Stief sold 126,158 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $39.09, for a total transaction of $4,931,516.22. Following the transaction, the vice president now owns 154,860 shares in the company, valued at $6,053,477.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO George Oliver sold 11,425 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $39.53, for a total transaction of $451,630.25. Following the transaction, the chief executive officer now owns 865,142 shares in the company, valued at approximately $34,199,063.26. The disclosure for this sale can be found here. Insiders have sold 175,384 shares of company stock worth $6,861,650 in the last ninety days. Insiders own 0.50% of the company’s stock.

JCI has been the topic of several analyst reports. TheStreet raised shares of Johnson Controls International from a “c+” rating to a “b-” rating in a research note on Thursday, May 9th. Zacks Investment Research raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Monday. Cowen reissued a “hold” rating and issued a $32.00 price objective (down previously from $38.00) on shares of Johnson Controls International in a research note on Friday, February 15th. ValuEngine raised shares of Johnson Controls International from a “sell” rating to a “hold” rating in a research report on Friday, February 8th. Finally, Credit Suisse Group assumed coverage on shares of Johnson Controls International in a research report on Monday, May 13th. They set a “neutral” rating and a $42.00 price target on the stock. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $39.45.

JCI traded up $0.05 during trading on Tuesday, reaching $39.15. 326,389 shares of the stock traded hands, compared to its average volume of 4,797,229. The company has a current ratio of 0.95, a quick ratio of 0.80 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $34.92 billion, a P/E ratio of 13.83, a price-to-earnings-growth ratio of 2.09 and a beta of 1.06. Johnson Controls International PLC has a 12 month low of $28.30 and a 12 month high of $40.33.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.02. The business had revenue of $5.78 billion for the quarter, compared to analysts’ expectations of $5.79 billion. Johnson Controls International had a net margin of 8.52% and a return on equity of 9.85%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.54 earnings per share. As a group, research analysts predict that Johnson Controls International PLC will post 1.93 EPS for the current fiscal year.

Johnson Controls International declared that its Board of Directors has authorized a stock repurchase plan on Thursday, March 7th that authorizes the company to buyback $8.50 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 26% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

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Johnson Controls International Profile

Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Building Technologies & Solutions and Power Solutions segments. The company designs, sells, installs, and services heating, ventilating, and air conditioning systems, controls systems, integrated electronic security systems, and integrated fire detection and suppression systems for commercial, industrial, retail, small business, institutional, and governmental customers; and energy efficiency solutions and technical services, including inspection, scheduled maintenance, and repair and replacement of mechanical and control systems, to non-residential building and industrial applications.

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Institutional Ownership by Quarter for Johnson Controls International (NYSE:JCI)

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