Ingalls & Snyder LLC Trims Holdings in Johnson Controls International plc (NYSE:JCI)

Ingalls & Snyder LLC trimmed its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 3.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,795 shares of the company's stock after selling 6,110 shares during the quarter. Ingalls & Snyder LLC's holdings in Johnson Controls International were worth $11,981,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Consolidated Planning Corp grew its holdings in Johnson Controls International by 3.0% in the 4th quarter. Consolidated Planning Corp now owns 82,031 shares of the company's stock valued at $6,475,000 after buying an additional 2,411 shares in the last quarter. Avidian Wealth Enterprises LLC lifted its position in shares of Johnson Controls International by 4.6% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 3,427 shares of the company's stock valued at $270,000 after acquiring an additional 150 shares during the period. Kentucky Trust Co bought a new stake in shares of Johnson Controls International during the 4th quarter valued at $124,000. Certuity LLC bought a new stake in shares of Johnson Controls International during the 4th quarter valued at $243,000. Finally, Indiana Trust & Investment Management Co lifted its position in shares of Johnson Controls International by 2,055.6% during the 4th quarter. Indiana Trust & Investment Management Co now owns 1,940 shares of the company's stock valued at $153,000 after acquiring an additional 1,850 shares during the period. 90.05% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Johnson Controls International 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 value of $108,621.24. Following the transaction, the vice president now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO George Oliver sold 162,894 shares of the firm's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $89.28, for a total value of $14,543,176.32. Following the completion of the transaction, the chief executive officer now owns 1,203,893 shares in the company, valued at $107,483,567.04. This represents a 11.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,113,772 shares of company stock valued at $95,772,462 over the last 90 days. Company insiders own 0.54% of the company's stock.

Johnson Controls International Trading Up 1.4 %

Shares of JCI stock traded up $1.28 on Friday, hitting $89.83. The company had a trading volume of 2,800,397 shares, compared to its average volume of 5,100,635. The firm has a market cap of $59.30 billion, a P/E ratio of 34.28, a P/E/G ratio of 2.48 and a beta of 1.32. The stock's 50-day moving average is $81.50 and its two-hundred day moving average is $77.75. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.79 and a current ratio of 1.02. Johnson Controls International plc has a twelve month low of $56.28 and a twelve month high of $89.95.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its quarterly 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%. On average, equities research analysts anticipate that Johnson Controls International plc will post 3.52 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, December 23rd were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $1.48 annualized dividend and a yield of 1.65%. Johnson Controls International's dividend payout ratio is currently 56.49%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on JCI shares. Citigroup cut their target price 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. Royal Bank of Canada upped their target price on Johnson Controls International from $86.00 to $93.00 and gave the company a "sector perform" rating in a research report on Thursday, February 6th. Argus upgraded Johnson Controls International from a "hold" rating to a "buy" rating and set a $88.00 price objective for the company in a research report on Friday, December 20th. Robert W. Baird upped their price objective on Johnson Controls International from $80.00 to $85.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Finally, Melius downgraded Johnson Controls International from a "buy" rating to a "hold" rating and set a $95.00 price objective for the company. in a research report on Tuesday, January 28th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Johnson Controls International has a consensus rating of "Moderate Buy" and a consensus target price of $91.13.

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.