First American Bank Boosts Stock Position in Johnson Controls International plc (NYSE:JCI)

First American Bank lifted its stake in Johnson Controls International plc (NYSE:JCI) by 0.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 41,114 shares of the company’s stock after purchasing an additional 168 shares during the quarter. First American Bank’s holdings in Johnson Controls International were worth $3,245,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Compass Financial Services Inc acquired a new position in shares of Johnson Controls International during the 4th quarter valued at about $26,000. Fortitude Family Office LLC grew its position in Johnson Controls International by 195.8% in the third quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock worth $33,000 after acquiring an additional 278 shares during the period. Synergy Asset Management LLC acquired a new stake in Johnson Controls International during the fourth quarter worth $42,000. ST Germain D J Co. Inc. lifted its stake in shares of Johnson Controls International by 32.8% in the 4th quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock valued at $43,000 after purchasing an additional 134 shares during the last quarter. Finally, Western Pacific Wealth Management LP acquired a new stake in shares of Johnson Controls International during the 3rd quarter worth about $44,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on JCI. Argus upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a report on Friday, December 20th. UBS Group raised Johnson Controls International from a “neutral” rating to a “buy” rating and increased their price target for the company from $90.00 to $103.00 in a research report on Monday, February 10th. Citigroup cut their price target on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. JPMorgan Chase & Co. upped their price objective on Johnson Controls International from $87.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, Royal Bank of Canada boosted their target price on Johnson Controls International from $86.00 to $93.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.13.

Johnson Controls International Stock Down 0.8 %

Johnson Controls International stock opened at $84.24 on Friday. The stock has a market capitalization of $55.61 billion, a price-to-earnings ratio of 32.15, a PEG ratio of 1.96 and a beta of 1.32. 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 stock has a 50 day moving average of $82.33 and a two-hundred day moving average of $78.86. Johnson Controls International plc has a twelve month low of $59.05 and a twelve month high of $91.14.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. As a group, research analysts expect that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, December 23rd were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend was Monday, December 23rd. Johnson Controls International’s dividend payout ratio is currently 56.49%.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 1,950 shares of the business’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $87.73, for a total transaction of $171,073.50. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO George Oliver sold 124,497 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $82.67, for a total value of $10,292,166.99. Following the completion of the transaction, the chief executive officer now owns 1,267,716 shares of the company’s stock, valued at approximately $104,802,081.72. This represents a 8.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 837,963 shares of company stock valued at $72,883,012 in the last quarter. 0.54% of the stock is currently owned by corporate insiders.

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.