First County Bank CT Sells 396 Shares of Johnson Controls International plc (NYSE:JCI)

First County Bank CT lowered its stake in shares of Johnson Controls International plc (NYSE:JCI) by 12.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,851 shares of the company’s stock after selling 396 shares during the quarter. First County Bank CT’s holdings in Johnson Controls International were worth $221,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of JCI. Metis Global Partners LLC increased its holdings in Johnson Controls International by 0.4% in the 3rd quarter. Metis Global Partners LLC now owns 28,446 shares of the company’s stock valued at $2,208,000 after buying an additional 127 shares during the period. Summit Trail Advisors LLC increased its holdings in Johnson Controls International by 4.6% in the 2nd quarter. Summit Trail Advisors LLC now owns 3,715 shares of the company’s stock valued at $248,000 after buying an additional 163 shares during the period. Miracle Mile Advisors LLC increased its holdings in Johnson Controls International by 1.0% in the 3rd quarter. Miracle Mile Advisors LLC now owns 17,011 shares of the company’s stock valued at $1,320,000 after buying an additional 163 shares during the period. Berry Wealth Group LP increased its holdings in Johnson Controls International by 0.7% in the 3rd quarter. Berry Wealth Group LP now owns 25,978 shares of the company’s stock valued at $2,016,000 after buying an additional 177 shares during the period. Finally, Commerce Bank increased its holdings in Johnson Controls International by 0.8% in the 3rd quarter. Commerce Bank now owns 22,984 shares of the company’s stock valued at $1,784,000 after buying an additional 186 shares during the period. Institutional investors own 90.05% of the company’s stock.

Wall Street Analysts Forecast Growth

JCI has been the topic of several recent analyst reports. Mizuho boosted their target price on shares of Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Bank of America boosted their target price on shares of Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Wells Fargo & Company boosted their target price on shares of Johnson Controls International from $84.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. UBS Group initiated coverage on shares of Johnson Controls International in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 target price on the stock. Finally, The Goldman Sachs Group boosted their target price on shares of Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Twelve investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $77.21.

Johnson Controls International Stock Down 0.6 %

Shares of NYSE JCI opened at $83.45 on Friday. The firm’s 50-day simple moving average is $78.13 and its 200 day simple moving average is $72.38. The company has a market cap of $55.26 billion, a price-to-earnings ratio of 32.85, a price-to-earnings-growth ratio of 2.34 and a beta of 1.29. 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 12-month low of $51.70 and a 12-month high of $87.16.

Johnson Controls International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $1.48 dividend on an annualized basis and a yield of 1.77%. Johnson Controls International’s payout ratio is presently 58.27%.

Insider Buying and Selling at Johnson Controls International

In other news, CEO George Oliver sold 110,616 shares of the company’s 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 sale, the chief executive officer now directly owns 1,244,617 shares of the company’s stock, valued at $105,294,598.20. This represents a 8.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Nathan D. Manning sold 3,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $77.08, for a total value of $231,240.00. Following the completion of the sale, the chief operating officer now directly owns 140,488 shares of the company’s stock, valued at approximately $10,828,815.04. This trade represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 561,095 shares of company stock worth $44,820,037. Company 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.