Summit Financial LLC Has $617,000 Stock Holdings in Johnson Controls International plc (NYSE:JCI)

Summit Financial LLC raised its holdings in Johnson Controls International plc (NYSE:JCI) by 65.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 7,778 shares of the company’s stock after acquiring an additional 3,066 shares during the quarter. Summit Financial LLC’s holdings in Johnson Controls International were worth $617,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Park Avenue Securities LLC increased its holdings in Johnson Controls International by 101.5% in the fourth quarter. Park Avenue Securities LLC now owns 26,517 shares of the company’s stock valued at $2,093,000 after purchasing an additional 13,360 shares during the period. Certuity LLC acquired a new stake in shares of Johnson Controls International in the fourth quarter valued at about $243,000. Y Intercept Hong Kong Ltd raised its position in shares of Johnson Controls International by 136.8% during the third quarter. Y Intercept Hong Kong Ltd now owns 91,248 shares of the company’s stock worth $7,082,000 after acquiring an additional 52,719 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Johnson Controls International by 0.5% in the third quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company’s stock worth $1,041,822,000 after acquiring an additional 71,493 shares during the period. Finally, BNC Wealth Management LLC bought a new stake in Johnson Controls International in the fourth quarter valued at approximately $2,093,000. Institutional investors own 90.05% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Melius Research restated a “hold” rating and set a $95.00 price target on shares of Johnson Controls International in a report on Tuesday, January 28th. Argus upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a report on Friday, December 20th. Melius downgraded Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price target for the company. in a report on Tuesday, January 28th. Citigroup dropped their price objective on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. Finally, UBS Group raised Johnson Controls International from a “neutral” rating to a “buy” rating and raised their target price for the stock from $90.00 to $103.00 in a research note on Monday, February 10th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $91.27.

Insider Transactions at Johnson Controls International

In other news, VP Daniel C. Mcconeghy sold 1,950 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $87.73, for a total value of $171,073.50. Following the completion of the transaction, the vice president now directly owns 24,803 shares of the company’s stock, valued at $2,175,967.19. This represents a 7.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $79.72, for a total value of $113,361.84. Following the sale, the vice president now owns 145,502 shares in the company, valued at $11,599,419.44. This trade represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 907,286 shares of company stock worth $77,938,071 in the last quarter. 0.54% of the stock is currently owned by corporate insiders.

Johnson Controls International Trading Up 1.9 %

NYSE:JCI opened at $82.97 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86. Johnson Controls International plc has a one year low of $59.83 and a one year high of $91.14. The company has a market cap of $54.77 billion, a PE ratio of 31.67, a PEG ratio of 1.96 and a beta of 1.32. The firm has a 50-day moving average of $82.92 and a 200-day moving average of $80.78.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates 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, equities research analysts expect that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 24th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date is Monday, March 24th. Johnson Controls International’s dividend payout ratio is 56.49%.

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.