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

Busey Bank trimmed its stake in Johnson Controls International plc (NYSE:JCI) by 0.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 189,176 shares of the company’s stock after selling 696 shares during the quarter. Busey Bank’s holdings in Johnson Controls International were worth $14,682,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Summit Trail Advisors LLC grew its position in shares of Johnson Controls International by 4.6% in the second quarter. Summit Trail Advisors LLC now owns 3,715 shares of the company’s stock valued at $248,000 after purchasing an additional 163 shares during the last quarter. Miracle Mile Advisors LLC grew its holdings in Johnson Controls International by 1.0% in the 3rd quarter. Miracle Mile Advisors LLC now owns 17,011 shares of the company’s stock valued at $1,320,000 after buying an additional 163 shares during the last quarter. Berry Wealth Group LP increased its position in Johnson Controls International by 0.7% in the 3rd quarter. Berry Wealth Group LP now owns 25,978 shares of the company’s stock worth $2,016,000 after buying an additional 177 shares during the period. Center for Financial Planning Inc. lifted its holdings in shares of Johnson Controls International by 5.7% during the second quarter. Center for Financial Planning Inc. now owns 3,485 shares of the company’s stock worth $232,000 after buying an additional 187 shares during the last quarter. Finally, Wedmont Private Capital lifted its holdings in shares of Johnson Controls International by 3.1% during the second quarter. Wedmont Private Capital now owns 6,440 shares of the company’s stock worth $451,000 after buying an additional 192 shares during the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Johnson Controls International Trading Up 0.5 %

JCI opened at $76.87 on Friday. Johnson Controls International plc has a 1-year low of $47.90 and a 1-year high of $78.23. The stock has a market capitalization of $51.35 billion, a PE ratio of 32.16, a PEG ratio of 2.19 and a beta of 1.29. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average price of $73.66 and a two-hundred day moving average price of $69.88.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates 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 business 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 posted $1.03 earnings per share. Johnson Controls International’s revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, equities analysts anticipate that Johnson Controls International plc will post 3.68 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Wednesday, September 25th were given a $0.37 dividend. The ex-dividend date was Wednesday, September 25th. This represents a $1.48 dividend on an annualized basis and a yield of 1.93%. Johnson Controls International’s payout ratio is 61.92%.

Analysts Set New Price Targets

JCI has been the topic of several research analyst reports. Oppenheimer raised their price objective on shares of Johnson Controls International from $79.00 to $86.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Barclays boosted their price objective on shares of Johnson Controls International from $62.00 to $64.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. The Goldman Sachs Group increased their target price on shares of Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Royal Bank of Canada upgraded Johnson Controls International from an “underperform” rating to a “sector perform” rating and boosted their price target for the company from $61.00 to $69.00 in a research note on Wednesday, August 14th. Finally, Bank of America raised their price objective on Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $73.43.

Insider Buying and Selling at Johnson Controls International

In other news, COO Nathan D. Manning sold 3,000 shares of Johnson Controls International stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $77.08, for a total transaction of $231,240.00. Following the completion of the sale, the chief operating officer now owns 140,488 shares in the company, valued at $10,828,815.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO George Oliver sold 110,615 shares of Johnson Controls International stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $76.79, for a total transaction of $8,494,125.85. Following the completion of the sale, the chief executive officer now directly owns 1,243,751 shares of the company’s stock, valued at $95,507,639.29. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Nathan D. Manning sold 3,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $77.08, for a total value of $231,240.00. Following the completion of the sale, the chief operating officer now owns 140,488 shares of the company’s stock, valued at $10,828,815.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 227,494 shares of company stock worth $16,999,239. Company insiders own 0.69% of the company’s stock.

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.