Norway Savings Bank Boosts Stock Position in Johnson Controls International plc (NYSE:JCI)

Norway Savings Bank boosted its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 3.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,795 shares of the company’s stock after purchasing an additional 445 shares during the period. Norway Savings Bank’s holdings in Johnson Controls International were worth $1,089,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of JCI. Fortitude Family Office LLC boosted its stake in shares of Johnson Controls International by 195.8% during the 3rd quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock valued at $33,000 after purchasing an additional 278 shares in the last quarter. Wolff Wiese Magana LLC grew its holdings in shares of Johnson Controls International by 977.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock worth $37,000 after acquiring an additional 430 shares during the period. Western Pacific Wealth Management LP purchased a new position in shares of Johnson Controls International during the 3rd quarter worth approximately $44,000. Larson Financial Group LLC raised its position in shares of Johnson Controls International by 169.3% in the 3rd quarter. Larson Financial Group LLC now owns 738 shares of the company’s stock worth $57,000 after acquiring an additional 464 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Johnson Controls International in the 3rd quarter valued at approximately $61,000. Institutional investors own 90.05% of the company’s stock.

Analysts Set New Price Targets

JCI has been the subject of a number of research reports. Oppenheimer increased their price objective on Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. StockNews.com cut shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Robert W. Baird upped their price objective on shares of Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Royal Bank of Canada lifted their target price on shares of Johnson Controls International from $81.00 to $86.00 and gave the company a “sector perform” rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company cut their price target on Johnson Controls International from $95.00 to $92.00 and set an “overweight” rating on the stock in a research note on Tuesday. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $81.07.

Johnson Controls International Stock Performance

Shares of JCI traded up $0.37 during mid-day trading on Tuesday, hitting $79.64. 1,473,044 shares of the company traded hands, compared to its average volume of 1,861,481. The stock has a market cap of $52.74 billion, a price-to-earnings ratio of 31.35, a P/E/G ratio of 2.31 and a beta of 1.32. The stock has a 50-day moving average price of $81.62 and a two-hundred day moving average price of $75.00. Johnson Controls International plc has a 1 year low of $51.71 and a 1 year high of $87.16. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94.

Johnson Controls International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Monday, December 23rd will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.86%. Johnson Controls International’s payout ratio is 58.27%.

Insider Transactions at Johnson Controls International

In other news, EVP Marlon Sullivan sold 7,230 shares of Johnson Controls International stock in a transaction on Wednesday, December 11th. The shares were 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO George Oliver sold 110,616 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $84.60, for a total value of $9,358,113.60. Following the completion of the sale, the chief executive officer now owns 1,244,617 shares of the company’s stock, valued at $105,294,598.20. This trade represents a 8.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 758,588 shares of company stock worth $62,480,987 in the last ninety days. 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.