First Financial Corp IN Increases Stake in Johnson Controls International plc (NYSE:JCI)

First Financial Corp IN increased its stake in Johnson Controls International plc (NYSE:JCI) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,032 shares of the company’s stock after acquiring an additional 345 shares during the period. First Financial Corp IN’s holdings in Johnson Controls International were worth $713,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd boosted its holdings in shares of Johnson Controls International by 136.8% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 91,248 shares of the company’s stock valued at $7,082,000 after purchasing an additional 52,719 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Johnson Controls International by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company’s stock worth $1,041,822,000 after buying an additional 71,493 shares during the period. International Assets Investment Management LLC acquired a new position in Johnson Controls International in the third quarter valued at $7,692,000. CIBC Asset Management Inc grew its position in Johnson Controls International by 6.8% during the third quarter. CIBC Asset Management Inc now owns 117,328 shares of the company’s stock valued at $9,106,000 after acquiring an additional 7,433 shares during the period. Finally, Cerity Partners LLC increased its stake in Johnson Controls International by 35.9% during the third quarter. Cerity Partners LLC now owns 56,493 shares of the company’s stock worth $4,385,000 after acquiring an additional 14,925 shares during the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Johnson Controls International

In other news, EVP Marlon Sullivan sold 7,230 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total value of $602,620.50. Following the sale, the executive vice president now owns 32,246 shares in the company, valued at approximately $2,687,704.10. This represents a 18.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO George Oliver sold 110,616 shares of Johnson Controls International stock in a transaction dated 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 transaction, 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 647,973 shares of company stock valued at $53,986,862 over the last ninety days. Corporate insiders own 0.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Citigroup decreased their target price on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Monday. Royal Bank of Canada boosted their price objective on shares of Johnson Controls International from $81.00 to $86.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 7th. StockNews.com downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Robert W. Baird upped their price target on shares of Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, Wells Fargo & Company lowered their price target on Johnson Controls International from $95.00 to $92.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $82.21.

Johnson Controls International Price Performance

Shares of NYSE JCI opened at $79.37 on Tuesday. 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 plc has a fifty-two week low of $51.71 and a fifty-two week high of $87.16. The business has a 50 day moving average price of $81.99 and a two-hundred day moving average price of $75.43. The firm has a market cap of $52.56 billion, a PE ratio of 31.25, a price-to-earnings-growth ratio of 2.31 and a beta of 1.32.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Monday, December 23rd will be paid a $0.37 dividend. The ex-dividend date is Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.86%. Johnson Controls International’s dividend payout ratio (DPR) is presently 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.