3,800 Shares in Johnson Controls International plc (NYSE:JCI) Purchased by Summit Securities Group LLC

Summit Securities Group LLC purchased a new stake in Johnson Controls International plc (NYSE:JCI) during the fourth quarter, Holdings Channel.com reports. The firm purchased 3,800 shares of the company’s stock, valued at approximately $300,000.

A number of other large investors have also added to or reduced their stakes in JCI. Compass Financial Services Inc purchased a new stake in shares of Johnson Controls International during the 4th quarter valued at $26,000. SBI Securities Co. Ltd. purchased a new position in shares of Johnson Controls International during the 4th quarter valued at approximately $29,000. Crowley Wealth Management Inc. purchased a new stake in Johnson Controls International in the 4th quarter worth $42,000. Synergy Asset Management LLC purchased a new position in Johnson Controls International in the 4th quarter valued at $42,000. Finally, ST Germain D J Co. Inc. grew its holdings in 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 buying an additional 134 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors.

Insider Activity

In related news, VP Nathan D. Manning sold 1,421 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $76.44, for a total transaction of $108,621.24. Following the transaction, the vice president now directly owns 148,346 shares in the company, valued at approximately $11,339,568.24. This represents a 0.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO George Oliver sold 205,168 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $88.03, for a total value of $18,060,939.04. Following the sale, the chief executive officer now owns 1,260,527 shares of the company’s stock, valued at $110,964,191.81. The trade was a 14.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 905,864 shares of company stock worth $77,824,710 over the last 90 days. 0.54% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on JCI. Citigroup cut their price objective on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a research report on Monday, January 13th. Morgan Stanley lifted their target price on Johnson Controls International from $95.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. UBS Group upgraded Johnson Controls International from a “neutral” rating to a “buy” rating and upped their price target for the stock from $90.00 to $103.00 in a report on Monday, February 10th. Melius Research reiterated a “hold” rating and issued a $95.00 price objective on shares of Johnson Controls International in a research note on Tuesday, January 28th. Finally, Argus upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research note on Friday, December 20th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Johnson Controls International presently has an average rating of “Moderate Buy” and an average price target of $91.27.

Johnson Controls International Price Performance

Shares of JCI opened at $79.64 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86. Johnson Controls International plc has a 1-year low of $59.83 and a 1-year high of $91.14. The stock has a market cap of $52.57 billion, a PE ratio of 30.40, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32. The firm has a fifty day moving average price of $82.95 and a 200 day moving average price of $80.57.

Johnson Controls International (NYSE:JCI) last posted 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 return on equity of 15.11% and a net margin of 6.83%. As a group, sell-side analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 24th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date is Monday, March 24th. Johnson Controls International’s dividend payout ratio is currently 56.49%.

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.