First American Trust FSB Acquires Shares of 45,727 Johnson Controls International plc (NYSE:JCI)

First American Trust FSB bought a new position in Johnson Controls International plc (NYSE:JCI) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 45,727 shares of the company’s stock, valued at approximately $3,609,000.

Other large investors have also recently made changes to their positions in the company. TIAA Trust National Association increased its stake in Johnson Controls International by 5.8% during the fourth quarter. TIAA Trust National Association now owns 11,224 shares of the company’s stock worth $886,000 after acquiring an additional 613 shares during the last quarter. Crowley Wealth Management Inc. purchased a new position in shares of Johnson Controls International in the 4th quarter worth approximately $42,000. Vanguard Group Inc. increased its position in shares of Johnson Controls International by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 68,156,110 shares of the company’s stock valued at $5,379,562,000 after purchasing an additional 179,743 shares during the last quarter. LPL Financial LLC raised its holdings in Johnson Controls International by 30.8% during the 4th quarter. LPL Financial LLC now owns 603,057 shares of the company’s stock valued at $47,599,000 after buying an additional 141,880 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new stake in Johnson Controls International in the fourth quarter worth $18,978,000. 90.05% of the stock is currently owned by institutional investors.

Insider Activity

In related news, VP Nathan D. Manning sold 1,421 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $11,339,568.24. This trade represents a 0.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO George Oliver sold 205,168 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $88.03, for a total transaction of $18,060,939.04. Following the completion of the transaction, the chief executive officer now owns 1,260,527 shares of the company’s stock, valued at $110,964,191.81. This represents a 14.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 905,864 shares of company stock worth $77,824,710. 0.54% of the stock is currently owned by company insiders.

Johnson Controls International Stock Performance

Shares of Johnson Controls International stock opened at $84.55 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. The stock’s fifty day moving average price is $82.80 and its 200-day moving average price is $80.28. The firm has a market cap of $55.81 billion, a P/E ratio of 32.27, a P/E/G ratio of 1.96 and a beta of 1.32. Johnson Controls International plc has a 12 month low of $59.83 and a 12 month high of $91.14.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, beating 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%. On average, equities research analysts expect that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently announced 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 of this dividend is Monday, March 24th. This represents a $1.48 annualized dividend and a yield of 1.75%. Johnson Controls International’s dividend payout ratio (DPR) is presently 56.49%.

Wall Street Analyst Weigh In

JCI has been the topic of a number of analyst reports. Melius Research reiterated a “hold” rating and set a $95.00 price objective on shares of Johnson Controls International in a research report on Tuesday, January 28th. Citigroup reduced their price objective on shares of Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Wells Fargo & Company boosted their target price on Johnson Controls International from $92.00 to $98.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Melius downgraded Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price target on the stock. in a report on Tuesday, January 28th. Finally, Morgan Stanley boosted their price objective on Johnson Controls International from $95.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $91.27.

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.