Independence Bank of Kentucky Acquires 287 Shares of Johnson Controls International plc (NYSE:JCI)

Independence Bank of Kentucky boosted its holdings in Johnson Controls International plc (NYSE:JCI) by 28.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,282 shares of the company’s stock after buying an additional 287 shares during the period. Independence Bank of Kentucky’s holdings in Johnson Controls International were worth $84,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in JCI. Vanguard Group Inc. increased its position in Johnson Controls International by 17.3% in the 4th quarter. Vanguard Group Inc. now owns 71,387,169 shares of the company’s stock worth $4,114,756,000 after buying an additional 10,522,009 shares during the period. Norges Bank acquired a new stake in shares of Johnson Controls International during the 4th quarter worth approximately $316,400,000. Clean Energy Transition LLP acquired a new stake in shares of Johnson Controls International during the 4th quarter worth approximately $124,553,000. Capital World Investors grew its holdings in shares of Johnson Controls International by 35.6% during the 4th quarter. Capital World Investors now owns 7,622,156 shares of the company’s stock worth $439,341,000 after purchasing an additional 2,001,644 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Johnson Controls International by 121.3% during the 4th quarter. Wells Fargo & Company MN now owns 3,494,653 shares of the company’s stock worth $201,432,000 after purchasing an additional 1,915,699 shares in the last quarter. 90.05% of the stock is owned by institutional investors.

Johnson Controls International Price Performance

Johnson Controls International stock traded down $0.56 on Friday, reaching $66.47. The company’s stock had a trading volume of 5,242,277 shares, compared to its average volume of 4,160,633. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.65 and a current ratio of 0.87. The company has a market cap of $44.78 billion, a price-to-earnings ratio of 26.89, a PEG ratio of 1.72 and a beta of 1.29. The business’s fifty day moving average price is $68.24 and its 200 day moving average price is $62.14. Johnson Controls International plc has a twelve month low of $47.90 and a twelve month high of $74.23.

Johnson Controls International (NYSE:JCI) last released its earnings results on Wednesday, May 1st. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. The company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.51 billion. Johnson Controls International had a return on equity of 13.21% and a net margin of 6.32%. The firm’s quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.75 earnings per share. Equities analysts expect that Johnson Controls International plc will post 3.59 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Monday, June 24th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, June 24th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.23%. Johnson Controls International’s payout ratio is currently 59.92%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. UBS Group lowered Johnson Controls International from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $74.00 to $68.00 in a report on Monday, May 6th. Oppenheimer lifted their price objective on Johnson Controls International from $70.00 to $76.00 and gave the stock an “outperform” rating in a report on Thursday. Citigroup boosted their price target on Johnson Controls International from $59.00 to $68.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Barclays boosted their price target on Johnson Controls International from $59.00 to $62.00 and gave the company an “equal weight” rating in a research note on Friday, June 21st. Finally, Wells Fargo & Company boosted their price target on Johnson Controls International from $64.00 to $73.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $63.82.

Insider Transactions at Johnson Controls International

In related news, VP Daniel C. Mcconeghy sold 9,342 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $65.50, for a total value of $611,901.00. Following the completion of the sale, the vice president now owns 25,378 shares in the company, valued at $1,662,259. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Johnson Controls International news, Director Juergen Tinggren sold 4,000 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $62.31, for a total value of $249,240.00. Following the completion of the transaction, the director now directly owns 30,120 shares of the company’s stock, valued at $1,876,777.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Daniel C. Mcconeghy sold 9,342 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $65.50, for a total value of $611,901.00. Following the completion of the transaction, the vice president now directly owns 25,378 shares of the company’s stock, valued at $1,662,259. The disclosure for this sale can be found here. Insiders sold a total of 16,900 shares of company stock worth $1,085,145 over the last 90 days. 0.69% of the stock is owned by insiders.

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.