Johnson Controls International plc (NYSE:JCI) Shares Acquired by Busey Bank

Busey Bank raised its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 2.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 194,072 shares of the company's stock after purchasing an additional 4,896 shares during the period. Busey Bank's holdings in Johnson Controls International were worth $15,318,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Synergy Asset Management LLC purchased a new stake in Johnson Controls International in the 4th quarter valued at about $42,000. Strategic Planning Group LLC raised its position in Johnson Controls International by 3.1% in the fourth quarter. Strategic Planning Group LLC now owns 53,558 shares of the company's stock valued at $4,227,000 after purchasing an additional 1,631 shares during the period. Strategic Blueprint LLC acquired a new position in Johnson Controls International during the fourth quarter worth $226,000. BSW Wealth Partners purchased a new position in shares of Johnson Controls International during the fourth quarter worth $217,000. Finally, Perigon Wealth Management LLC raised its holdings in shares of Johnson Controls International by 419.7% in the 4th quarter. Perigon Wealth Management LLC now owns 19,251 shares of the company's stock valued at $1,549,000 after buying an additional 15,547 shares during the period. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Controls International Stock Down 1.3 %

Shares of NYSE JCI traded down $1.02 during mid-day trading on Monday, reaching $76.99. The company had a trading volume of 2,656,518 shares, compared to its average volume of 4,001,314. Johnson Controls International plc has a 52-week low of $52.79 and a 52-week high of $87.16. The stock has a market cap of $50.82 billion, a P/E ratio of 30.34, a PEG ratio of 2.24 and a beta of 1.32. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. The firm has a 50 day simple moving average of $80.97 and a two-hundred day simple moving average of $76.58.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend was Monday, December 23rd. Johnson Controls International's payout ratio is currently 58.27%.

Analyst Ratings Changes

JCI has been the subject of several research reports. Royal Bank of Canada lifted their target price on Johnson Controls International from $81.00 to $86.00 and gave the company a "sector perform" rating in a research report on Thursday, November 7th. Citigroup reduced their target price on shares of Johnson Controls International from $85.00 to $84.00 and set a "neutral" rating on the stock in a report on Monday, January 13th. UBS Group initiated coverage on Johnson Controls International in a research report on Wednesday, November 13th. They set a "neutral" rating and a $90.00 price objective on the stock. Barclays increased their price objective on Johnson Controls International from $75.00 to $83.00 and gave the company an "equal weight" rating in a research note on Thursday, December 5th. Finally, StockNews.com cut Johnson Controls International from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Johnson Controls International currently has an average rating of "Hold" and a consensus price target of $87.20.

Insider Buying and Selling

In related news, EVP Marlon Sullivan sold 7,230 shares of the firm's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total transaction of $602,620.50. Following the transaction, the executive vice president now owns 32,246 shares of the company's stock, valued at $2,687,704.10. This trade represents a 18.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO George Oliver sold 124,497 shares of the business's stock in a transaction dated 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 in the company, valued at $104,802,081.72. This trade represents a 8.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 647,787 shares of company stock worth $53,972,452 in the last quarter. 0.54% of the stock is owned by insiders.

Johnson Controls International 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.