Grove Bank & Trust Buys 333 Shares of Johnson Controls International plc (NYSE:JCI)

Grove Bank & Trust increased its stake in shares of Johnson Controls International plc (NYSE:JCI) by 14.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,648 shares of the company’s stock after acquiring an additional 333 shares during the period. Grove Bank & Trust’s holdings in Johnson Controls International were worth $209,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in JCI. Park Avenue Securities LLC grew its holdings in Johnson Controls International by 101.5% during 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 last quarter. Y Intercept Hong Kong Ltd boosted its holdings in shares of Johnson Controls International by 136.8% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 91,248 shares of the company’s stock worth $7,082,000 after buying an additional 52,719 shares during the period. Geode Capital Management LLC grew its stake in 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 valued at $1,041,822,000 after buying an additional 71,493 shares during the last quarter. International Assets Investment Management LLC bought a new position in Johnson Controls International in the 3rd quarter worth $7,692,000. Finally, BNC Wealth Management LLC acquired a new position in Johnson Controls International during the 4th quarter worth $2,093,000. 90.05% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on JCI. Barclays raised their price target on Johnson Controls International from $75.00 to $83.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Argus raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research report on Friday, December 20th. StockNews.com cut Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Mizuho boosted their target price on shares of Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Johnson Controls International from $88.00 to $87.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $82.53.

Johnson Controls International Stock Performance

Shares of NYSE:JCI opened at $81.34 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.79. The business’s fifty day moving average price is $81.96 and its two-hundred day moving average price is $75.76. Johnson Controls International plc has a fifty-two week low of $52.02 and a fifty-two week high of $87.16. The stock has a market capitalization of $53.86 billion, a price-to-earnings ratio of 32.02, a price-to-earnings-growth ratio of 2.20 and a beta of 1.32.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, December 23rd were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend was Monday, December 23rd. Johnson Controls International’s dividend payout ratio (DPR) is currently 58.27%.

Insider Activity at Johnson Controls International

In related news, EVP Marlon Sullivan sold 7,230 shares of the firm’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 32,246 shares of the company’s stock, valued at $2,687,704.10. This trade represents a 18.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO George Oliver sold 110,616 shares of the business’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 transaction, the chief executive officer now directly owns 1,244,617 shares in the company, valued at approximately $105,294,598.20. This represents a 8.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 647,787 shares of company stock valued at $53,972,452 in the last ninety days. Insiders own 0.69% of the company’s stock.

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.