Central Pacific Bank Trust Division Decreases Stock Holdings in Johnson Controls International plc (NYSE:JCI)

Central Pacific Bank Trust Division lessened its holdings in Johnson Controls International plc (NYSE:JCI) by 3.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,953 shares of the company’s stock after selling 1,081 shares during the quarter. Central Pacific Bank Trust Division’s holdings in Johnson Controls International were worth $2,443,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of JCI. GAMMA Investing LLC increased its holdings in shares of Johnson Controls International by 14.1% in the 4th quarter. GAMMA Investing LLC now owns 11,519 shares of the company’s stock valued at $909,000 after acquiring an additional 1,427 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of Johnson Controls International by 367.2% during the 4th quarter. Versant Capital Management Inc now owns 1,355 shares of the company’s stock worth $107,000 after buying an additional 1,065 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in shares of Johnson Controls International by 12.8% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 20,857 shares of the company’s stock valued at $1,615,000 after buying an additional 2,366 shares in the last quarter. Inspire Trust Co. N.A. raised its stake in Johnson Controls International by 34.8% during the 3rd quarter. Inspire Trust Co. N.A. now owns 62,000 shares of the company’s stock worth $4,812,000 after acquiring an additional 16,000 shares in the last quarter. Finally, Peapack Gladstone Financial Corp lifted its position in Johnson Controls International by 8.6% in the third quarter. Peapack Gladstone Financial Corp now owns 9,669 shares of the company’s stock valued at $751,000 after acquiring an additional 763 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on JCI. Argus upgraded Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research report on Friday, December 20th. Royal Bank of Canada lifted their price target on Johnson Controls International from $81.00 to $86.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 7th. Mizuho raised 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. Wells Fargo & Company upped their price target on shares of Johnson Controls International from $84.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Finally, UBS Group assumed coverage on shares of Johnson Controls International in a research report on Wednesday, November 13th. They set a “neutral” rating and a $90.00 price objective on the stock. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Johnson Controls International has a consensus rating of “Hold” and an average price target of $80.93.

Johnson Controls International Trading Up 1.3 %

JCI traded up $1.03 during trading on Friday, hitting $79.98. The company’s stock had a trading volume of 911,886 shares, compared to its average volume of 1,404,250. Johnson Controls International plc has a twelve month low of $51.71 and a twelve month high of $87.16. The stock has a market cap of $52.96 billion, a PE ratio of 31.49, a PEG ratio of 2.31 and a beta of 1.31. The firm’s 50 day moving average price is $81.53 and its 200-day moving average price is $74.77. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.79.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Monday, December 23rd will be paid 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 1.85%. Johnson Controls International’s dividend payout ratio is presently 58.27%.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, CEO George Oliver sold 224,152 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $82.72, for a total value of $18,541,853.44. Following the sale, the chief executive officer now owns 1,166,992 shares in the company, valued at approximately $96,533,578.24. This trade represents a 16.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Marlon Sullivan sold 7,230 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total value of $602,620.50. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders 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 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.