Johnson Controls International plc (NYSE:JCI) Position Raised by Indiana Trust & Investment Management Co

Indiana Trust & Investment Management Co raised its position in shares of Johnson Controls International plc (NYSE:JCI) by 2,055.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,940 shares of the company’s stock after purchasing an additional 1,850 shares during the quarter. Indiana Trust & Investment Management Co’s holdings in Johnson Controls International were worth $153,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of JCI. CWM LLC boosted its stake in Johnson Controls International by 1.7% during the third quarter. CWM LLC now owns 26,942 shares of the company’s stock valued at $2,091,000 after buying an additional 451 shares in the last quarter. Ritholtz Wealth Management boosted its position in shares of Johnson Controls International by 8.4% during the 3rd quarter. Ritholtz Wealth Management now owns 3,614 shares of the company’s stock valued at $280,000 after purchasing an additional 281 shares in the last quarter. Annex Advisory Services LLC bought a new position in shares of Johnson Controls International during the 3rd quarter valued at about $203,000. Exchange Traded Concepts LLC grew its stake in shares of Johnson Controls International by 170.8% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,763 shares of the company’s stock worth $137,000 after purchasing an additional 1,112 shares during the last quarter. Finally, Procyon Advisors LLC bought a new stake in shares of Johnson Controls International in the 3rd quarter worth approximately $235,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on JCI. StockNews.com lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Wells Fargo & Company lifted their target price on Johnson Controls International from $92.00 to $98.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. upped their target price on Johnson Controls International from $87.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Morgan Stanley lifted their price target on Johnson Controls International from $95.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, Melius lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price objective for the company. in a research note on Tuesday, January 28th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $91.13.

Johnson Controls International Price Performance

Shares of NYSE:JCI opened at $89.13 on Wednesday. The business has a fifty day simple moving average of $81.05 and a 200 day simple moving average of $77.24. The company has a current ratio of 1.02, a quick ratio of 0.79 and a debt-to-equity ratio of 0.50. Johnson Controls International plc has a 1 year low of $54.07 and a 1 year high of $89.95. The firm has a market cap of $58.83 billion, a price-to-earnings ratio of 34.02, a P/E/G ratio of 2.48 and a beta of 1.32.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. As a group, sell-side analysts predict that Johnson Controls International plc will post 3.52 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.66%. Johnson Controls International’s dividend payout ratio (DPR) is 56.49%.

Insider Activity

In other Johnson Controls International news, EVP Marlon Sullivan sold 7,230 shares of the stock in a transaction that occurred on 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 in the company, valued at $2,687,704.10. This trade represents a 18.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO George Oliver sold 205,168 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $89.07, for a total transaction of $18,274,313.76. Following the completion of the sale, the chief executive officer now owns 1,260,527 shares of the company’s stock, valued at $112,275,139.89. The trade was a 14.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,061,494 shares of company stock worth $90,587,400. 0.54% of the stock is owned by corporate 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.