Stock Yards Bank & Trust Co. Sells 1,340 Shares of Johnson Controls International plc (NYSE:JCI)

Stock Yards Bank & Trust Co. trimmed its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 12.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,287 shares of the company’s stock after selling 1,340 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Johnson Controls International were worth $617,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. United Services Automobile Association increased its holdings in Johnson Controls International by 7.9% in the 4th quarter. United Services Automobile Association now owns 20,376 shares of the company’s stock valued at $1,174,000 after buying an additional 1,490 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in Johnson Controls International by 27.6% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 79,840 shares of the company’s stock valued at $4,602,000 after buying an additional 17,263 shares during the period. M&G Plc bought a new position in Johnson Controls International in the 1st quarter valued at about $120,948,000. Vanguard Group Inc. increased its holdings in Johnson Controls International by 17.3% in the 4th quarter. Vanguard Group Inc. now owns 71,387,169 shares of the company’s stock valued at $4,114,756,000 after buying an additional 10,522,009 shares during the period. Finally, D.A. Davidson & CO. increased its holdings in Johnson Controls International by 33.1% in the 4th quarter. D.A. Davidson & CO. now owns 26,919 shares of the company’s stock valued at $1,552,000 after buying an additional 6,697 shares during the period. 90.05% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Royal Bank of Canada raised shares of Johnson Controls International from an “underperform” rating to a “sector perform” rating and raised their target price for the company from $61.00 to $69.00 in a report on Wednesday, August 14th. Morgan Stanley assumed coverage on shares of Johnson Controls International in a research note on Friday, September 6th. They issued an “overweight” rating and a $85.00 price target on the stock. Bank of America upgraded shares of Johnson Controls International from a “neutral” rating to a “buy” rating and raised their price target for the company from $76.00 to $80.00 in a research note on Tuesday, September 10th. StockNews.com upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Finally, Wells Fargo & Company raised their price target on shares of Johnson Controls International from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $70.21.

Johnson Controls International Stock Up 0.5 %

Johnson Controls International stock opened at $72.87 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 0.96. Johnson Controls International plc has a 52-week low of $47.90 and a 52-week high of $75.36. The firm has a 50 day moving average price of $69.68 and a two-hundred day moving average price of $67.56. The firm has a market cap of $49.09 billion, a price-to-earnings ratio of 29.50, a PEG ratio of 1.87 and a beta of 1.29.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Wednesday, July 31st. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.06. Johnson Controls International had a net margin of 6.02% and a return on equity of 13.64%. The firm had revenue of $7.23 billion during the quarter, compared to analyst estimates of $7.53 billion. During the same quarter last year, the business earned $1.03 EPS. The company’s revenue was up 1.4% compared to the same quarter last year. Equities analysts predict that Johnson Controls International plc will post 3.67 EPS for the current year.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Wednesday, September 25th. This represents a $1.48 annualized dividend and a dividend yield of 2.03%. Johnson Controls International’s dividend payout ratio is currently 59.92%.

Insider Activity

In other news, CEO George Oliver sold 110,615 shares of Johnson Controls International stock in a transaction on Monday, September 16th. The shares were sold at an average price of $72.67, for a total value of $8,038,392.05. Following the completion of the sale, the chief executive officer now owns 1,243,751 shares in the company, valued at approximately $90,383,385.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, COO Nathan D. Manning sold 1,167 shares of Johnson Controls International stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $70.71, for a total value of $82,518.57. Following the completion of the sale, the chief operating officer now owns 103,866 shares in the company, valued at approximately $7,344,364.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO George Oliver sold 110,615 shares of Johnson Controls International stock in a transaction on Monday, September 16th. The shares were sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the completion of the sale, the chief executive officer now owns 1,243,751 shares of the company’s stock, valued at approximately $90,383,385.17. The disclosure for this sale can be found here. Insiders sold 114,860 shares of company stock worth $8,333,834 in the last quarter. 0.69% of the stock is owned by corporate insiders.

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.