Johnson Controls International plc (NYSE:JCI) Shares Acquired by Summit Trail Advisors LLC

Summit Trail Advisors LLC grew its stake in Johnson Controls International plc (NYSE:JCI) by 26.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,695 shares of the company’s stock after purchasing an additional 980 shares during the period. Summit Trail Advisors LLC’s holdings in Johnson Controls International were worth $366,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Larson Financial Group LLC boosted its stake in shares of Johnson Controls International by 169.3% in the third quarter. Larson Financial Group LLC now owns 738 shares of the company’s stock valued at $57,000 after buying an additional 464 shares in the last quarter. Kingsview Wealth Management LLC boosted its stake in shares of Johnson Controls International by 25.3% in the third quarter. Kingsview Wealth Management LLC now owns 5,436 shares of the company’s stock valued at $422,000 after buying an additional 1,099 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of Johnson Controls International by 35.9% in the third quarter. Cerity Partners LLC now owns 56,493 shares of the company’s stock valued at $4,385,000 after buying an additional 14,925 shares in the last quarter. Great Valley Advisor Group Inc. purchased a new stake in shares of Johnson Controls International in the third quarter valued at approximately $200,000. Finally, Keyes Stange & Wooten Wealth Management LLC boosted its stake in shares of Johnson Controls International by 3.3% in the third quarter. Keyes Stange & Wooten Wealth Management LLC now owns 8,584 shares of the company’s stock valued at $666,000 after buying an additional 276 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. The Goldman Sachs Group lifted their price target on Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Wells Fargo & Company boosted their target price on Johnson Controls International from $84.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Royal Bank of Canada boosted their target price on Johnson Controls International from $81.00 to $86.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 7th. Mizuho boosted their target price on Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Finally, Morgan Stanley began coverage on Johnson Controls International in a research report on Friday, September 6th. They set an “overweight” rating and a $85.00 target price on the stock. Twelve equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $77.21.

Insider Transactions at Johnson Controls International

In related news, CEO George Oliver sold 10,304 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $84.14, for a total value of $866,978.56. Following the completion of the transaction, the chief executive officer now directly owns 1,166,992 shares in the company, valued at approximately $98,190,706.88. This represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Nathan D. Manning sold 3,000 shares of the company’s stock in a transaction on 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 transaction, the chief operating officer now owns 140,488 shares of the company’s stock, valued at $10,828,815.04. The trade was a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 741,829 shares of company stock valued at $59,952,007 over the last three months. 0.69% of the stock is currently owned by insiders.

Johnson Controls International Stock Performance

NYSE JCI opened at $83.71 on Thursday. Johnson Controls International plc has a fifty-two week low of $51.70 and a fifty-two week high of $87.16. The stock has a market cap of $55.43 billion, a price-to-earnings ratio of 32.96, a price-to-earnings-growth ratio of 2.33 and a beta of 1.29. The business has a fifty day moving average of $78.78 and a 200-day moving average of $72.82. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46.

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th were issued a $0.37 dividend. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.77%. Johnson Controls International’s dividend payout ratio (DPR) is 58.27%.

About Johnson Controls International

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.