Summit Securities Group LLC Buys New Stake in Johnson Controls International plc (NYSE:JCI)

Summit Securities Group LLC acquired a new position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 3,800 shares of the company's stock, valued at approximately $300,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Park Avenue Securities LLC lifted its holdings in shares of Johnson Controls International by 101.5% during the fourth quarter. Park Avenue Securities LLC now owns 26,517 shares of the company's stock worth $2,093,000 after purchasing an additional 13,360 shares during the period. Certuity LLC purchased a new position in Johnson Controls International during the 4th quarter worth $243,000. Y Intercept Hong Kong Ltd lifted its stake in shares of Johnson Controls International by 136.8% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 91,248 shares of the company's stock worth $7,082,000 after acquiring an additional 52,719 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Johnson Controls International by 0.5% in the third quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company's stock valued at $1,041,822,000 after acquiring an additional 71,493 shares in the last quarter. Finally, BNC Wealth Management LLC purchased a new stake in shares of Johnson Controls International in the fourth quarter valued at about $2,093,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Johnson Controls International

In other news, CEO George Oliver sold 205,168 shares of the company's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $88.03, for a total transaction of $18,060,939.04. Following the completion of the sale, the chief executive officer now directly owns 1,260,527 shares in the company, valued at $110,964,191.81. This represents a 14.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Nathan D. Manning sold 1,421 shares of Johnson Controls International 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 transaction, the vice president now owns 148,346 shares in the company, valued at $11,339,568.24. The trade was a 0.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 907,286 shares of company stock worth $77,938,071 in the last three months. Company insiders own 0.54% of the company's stock.

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Johnson Controls International Trading Down 4.9 %

NYSE:JCI traded down $4.05 on Thursday, reaching $78.81. The stock had a trading volume of 1,695,074 shares, compared to its average volume of 4,553,818. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86. The company has a market cap of $52.03 billion, a price-to-earnings ratio of 30.08, a P/E/G ratio of 1.96 and a beta of 1.32. The firm's fifty day moving average is $82.92 and its two-hundred day moving average is $80.78. Johnson Controls International plc has a 12-month low of $59.83 and a 12-month high of $91.14.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 earnings per share (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%. Equities analysts expect that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 24th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend is Monday, March 24th. Johnson Controls International's dividend payout ratio is currently 56.49%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. 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 report on Monday, March 10th. Citigroup reduced their target price on Johnson Controls International from $85.00 to $84.00 and set a "neutral" rating for the company in a report on Monday, January 13th. Melius cut shares of Johnson Controls International from a "buy" rating to a "hold" rating and set a $95.00 price target on the stock. in a research note on Tuesday, January 28th. UBS Group upgraded shares of Johnson Controls International from a "neutral" rating to a "buy" rating and raised their price objective for the company from $90.00 to $103.00 in a research note on Monday, February 10th. Finally, Royal Bank of Canada upped their target price on shares of Johnson Controls International from $86.00 to $93.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 6th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Johnson Controls International presently has a consensus rating of "Moderate Buy" and a consensus target price of $91.27.

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.