Heritage Trust Co Takes $2.91 Million Position in Johnson Controls International plc (NYSE:JCI)

Heritage Trust Co bought a new stake in Johnson Controls International plc (NYSE:JCI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 36,854 shares of the company's stock, valued at approximately $2,909,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JCI. Jaffetilchin Investment Partners LLC increased its holdings in Johnson Controls International by 12,420.6% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 32,804 shares of the company's stock worth $2,589,000 after buying an additional 32,542 shares during the last quarter. Covestor Ltd increased its stake in shares of Johnson Controls International by 50.7% during the 4th quarter. Covestor Ltd now owns 648 shares of the company's stock worth $51,000 after purchasing an additional 218 shares during the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of Johnson Controls International by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 293,578 shares of the company's stock valued at $23,172,000 after purchasing an additional 1,840 shares in the last quarter. APG Asset Management N.V. acquired a new stake in shares of Johnson Controls International in the 4th quarter valued at $27,799,000. Finally, Advisory Services Network LLC boosted its holdings in Johnson Controls International by 8.9% in the fourth quarter. Advisory Services Network LLC now owns 15,196 shares of the company's stock worth $1,199,000 after purchasing an additional 1,245 shares in the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

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Johnson Controls International Stock Performance

Johnson Controls International stock traded down $1.81 during trading hours on Wednesday, hitting $76.78. The stock had a trading volume of 1,078,897 shares, compared to its average volume of 4,452,533. Johnson Controls International plc has a fifty-two week low of $59.83 and a fifty-two week high of $91.14. The company has a market cap of $50.69 billion, a PE ratio of 29.31, a price-to-earnings-growth ratio of 1.96 and a beta of 1.22. The company has a 50-day moving average of $82.00 and a two-hundred day moving average of $80.81. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, topping 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%. On average, equities research analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 24th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.93%. Johnson Controls International's payout ratio is presently 56.49%.

Insider Activity at Johnson Controls International

In related news, VP Nathan D. Manning sold 1,421 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $76.44, for a total transaction of $108,621.24. Following the sale, the vice president now directly owns 148,346 shares in the company, valued at $11,339,568.24. This represents a 0.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Daniel C. Mcconeghy sold 1,950 shares of the firm's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $87.73, for a total value of $171,073.50. Following the sale, the vice president now directly owns 24,803 shares of the company's stock, valued at $2,175,967.19. This represents a 7.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 907,286 shares of company stock valued at $77,938,071 in the last 90 days. 0.54% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on JCI. Citigroup reduced their price target on Johnson Controls International from $95.00 to $85.00 and set a "neutral" rating for the company in a research report on Monday. Melius Research restated a "hold" rating and issued a $95.00 target price on shares of Johnson Controls International in a report on Tuesday, January 28th. Royal Bank of Canada increased their price target on Johnson Controls International from $86.00 to $93.00 and gave the company a "sector perform" rating in a report on Thursday, February 6th. Barclays reduced their price objective on shares of Johnson Controls International from $88.00 to $85.00 and set an "equal weight" rating for the company in a research note on Monday, March 10th. Finally, Melius lowered shares of Johnson Controls International from a "buy" rating to a "hold" rating and set a $95.00 target price on the stock. in a research note on Tuesday, January 28th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $90.07.

Johnson Controls International Company 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.