First American Trust FSB purchased a new stake in Johnson Controls International plc (NYSE:JCI – Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 45,727 shares of the company’s stock, valued at approximately $3,609,000.
Several other institutional investors have also added to or reduced their stakes in JCI. Compass Financial Services Inc acquired a new position in shares of Johnson Controls International during the fourth quarter valued at about $26,000. SBI Securities Co. Ltd. purchased a new stake in Johnson Controls International during the 4th quarter worth approximately $29,000. Synergy Asset Management LLC acquired a new position in Johnson Controls International during the 4th quarter valued at approximately $42,000. Crowley Wealth Management Inc. purchased a new position in shares of Johnson Controls International in the fourth quarter worth $42,000. Finally, ST Germain D J Co. Inc. raised its holdings in shares of Johnson Controls International by 32.8% in the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock worth $43,000 after buying an additional 134 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.
Insider Transactions at Johnson Controls International
In related news, VP Nathan D. Manning sold 1,421 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $76.44, for a total value of $108,621.24. Following the completion of the sale, the vice president now owns 148,346 shares of the company’s stock, valued at approximately $11,339,568.24. The trade was a 0.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Daniel C. Mcconeghy sold 1,950 shares of the stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $87.73, for a total transaction of $171,073.50. Following the transaction, the vice president now directly owns 24,803 shares in the company, valued at approximately $2,175,967.19. The trade was a 7.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 905,864 shares of company stock valued at $77,824,710 in the last three months. 0.54% of the stock is currently owned by company insiders.
Johnson Controls International Stock Up 2.2 %
Johnson Controls International (NYSE:JCI – Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. On average, research analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current year.
Johnson Controls International Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 24th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date is Monday, March 24th. Johnson Controls International’s dividend payout ratio (DPR) is presently 56.49%.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the company. Argus raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research report on Friday, December 20th. Morgan Stanley increased their price objective on Johnson Controls International from $95.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Citigroup reduced their price objective on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. UBS Group upgraded Johnson Controls International from a “neutral” rating to a “buy” rating and upped their target price for the company from $90.00 to $103.00 in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. raised their price target on shares of Johnson Controls International from $87.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Johnson Controls International presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.27.
Read Our Latest Research Report on Johnson Controls International
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.
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