First Citizens Bank & Trust Co. Sells 3,302 Shares of Johnson Controls International plc (NYSE:JCI)

First Citizens Bank & Trust Co. reduced its position in shares of Johnson Controls International plc (NYSE:JCI) by 8.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,052 shares of the company’s stock after selling 3,302 shares during the period. First Citizens Bank & Trust Co.’s holdings in Johnson Controls International were worth $2,846,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Fortitude Family Office LLC increased its holdings in Johnson Controls International by 195.8% during the third quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock worth $33,000 after buying an additional 278 shares during the last quarter. Wolff Wiese Magana LLC increased its holdings in Johnson Controls International by 977.3% during the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock worth $37,000 after buying an additional 430 shares during the last quarter. ST Germain D J Co. Inc. increased its holdings in Johnson Controls International by 32.8% during the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock worth $43,000 after buying an additional 134 shares during the last quarter. Western Pacific Wealth Management LP purchased a new stake in Johnson Controls International during the third quarter worth about $44,000. Finally, Friedenthal Financial purchased a new stake in Johnson Controls International during the fourth quarter worth about $49,000. 90.05% of the stock is owned by institutional investors.

Johnson Controls International Trading Down 0.5 %

NYSE:JCI opened at $81.65 on Monday. The company has a fifty day moving average of $81.62 and a 200 day moving average of $76.28. Johnson Controls International plc has a 52 week low of $52.02 and a 52 week high of $87.16. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $53.90 billion, a P/E ratio of 32.14, a P/E/G ratio of 2.35 and a beta of 1.32.

Johnson Controls International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, December 23rd were issued a dividend of $0.37 per share. The ex-dividend date was Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.81%. Johnson Controls International’s dividend payout ratio is currently 58.27%.

Analysts Set New Price Targets

JCI has been the subject of a number of research analyst reports. Argus upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a report on Friday, December 20th. UBS Group began 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 for the company. Royal Bank of Canada lifted their target price 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. Citigroup reduced their price objective on shares of Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. Finally, Robert W. Baird boosted their price objective on shares of Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Ten investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Johnson Controls International currently has an average rating of “Hold” and an average target price of $82.53.

Insider Activity at Johnson Controls International

In related news, CEO George Oliver sold 110,616 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $84.60, for a total transaction of $9,358,113.60. Following the completion of the sale, the chief executive officer now directly owns 1,244,617 shares in the company, valued at $105,294,598.20. This represents a 8.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Marlon Sullivan sold 7,230 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total transaction of $602,620.50. Following the transaction, the executive vice president now directly owns 32,246 shares in the company, valued at approximately $2,687,704.10. The trade was a 18.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 647,787 shares of company stock worth $53,972,452 in the last three months. 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.