Summit Financial LLC Acquires 3,066 Shares of Johnson Controls International plc (NYSE:JCI)

Summit Financial LLC lifted its holdings in Johnson Controls International plc (NYSE:JCI - Free Report) by 65.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,778 shares of the company's stock after buying an additional 3,066 shares during the quarter. Summit Financial LLC's holdings in Johnson Controls International were worth $617,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Public Sector Pension Investment Board boosted its position in Johnson Controls International by 14.1% in the 3rd quarter. Public Sector Pension Investment Board now owns 28,321 shares of the company's stock valued at $2,198,000 after buying an additional 3,500 shares during the last quarter. Benjamin Edwards Inc. boosted its holdings in Johnson Controls International by 80.9% in the third quarter. Benjamin Edwards Inc. now owns 5,280 shares of the company's stock valued at $410,000 after acquiring an additional 2,362 shares during the last quarter. Hilltop Holdings Inc. increased its position in Johnson Controls International by 14.3% in the third quarter. Hilltop Holdings Inc. now owns 6,582 shares of the company's stock worth $511,000 after purchasing an additional 825 shares during the period. HighTower Advisors LLC raised its holdings in Johnson Controls International by 0.8% during the 3rd quarter. HighTower Advisors LLC now owns 703,540 shares of the company's stock worth $54,631,000 after purchasing an additional 5,551 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in Johnson Controls International by 4.0% during the 3rd quarter. Janus Henderson Group PLC now owns 124,366 shares of the company's stock worth $9,651,000 after purchasing an additional 4,777 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

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Insider Transactions at Johnson Controls International

In other news, VP Nathan D. Manning sold 1,421 shares of the company's 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 owns 148,346 shares in the company, valued at $11,339,568.24. This represents a 0.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director George Oliver sold 15,669 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $77.49, for a total value of $1,214,190.81. Following the completion of the sale, the director now directly owns 1,003,893 shares of the company's stock, valued at approximately $77,791,668.57. The trade was a 1.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 907,286 shares of company stock worth $77,938,071 in the last three months. Insiders own 0.54% of the company's stock.

Analyst Ratings Changes

JCI has been the subject of a number of recent research reports. Royal Bank of Canada boosted their price target on shares of Johnson Controls International from $86.00 to $93.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. upped their target price on shares of Johnson Controls International from $87.00 to $100.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. UBS Group raised Johnson Controls International from a "neutral" rating to a "buy" rating and upped their price target for the company from $90.00 to $103.00 in a research note on Monday, February 10th. Argus upgraded shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $88.00 price objective for the company in a report on Friday, December 20th. Finally, Morgan Stanley increased their target price on shares of Johnson Controls International from $95.00 to $105.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $91.27.

Johnson Controls International Stock Down 1.2 %

Shares of NYSE:JCI traded down $0.86 during mid-day trading on Monday, reaching $70.84. 2,105,954 shares of the stock were exchanged, compared to its average volume of 4,410,356. The stock's 50 day simple moving average is $82.63 and its 200-day simple moving average is $80.87. Johnson Controls International plc has a one year low of $59.83 and a one year high of $91.14. The company has a market cap of $46.76 billion, a P/E ratio of 27.04, a P/E/G ratio of 1.96 and a beta of 1.22. 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 quarterly earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. As a group, equities research analysts predict that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 24th will be given a dividend of $0.37 per share. The ex-dividend date is Monday, March 24th. This represents a $1.48 annualized dividend and a yield of 2.09%. Johnson Controls International's dividend payout ratio (DPR) is presently 56.49%.

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.