Johnson Controls International plc (NYSE:JCI) Shares Sold by Farmers & Merchants Trust Co of Chambersburg PA

Farmers & Merchants Trust Co of Chambersburg PA cut its position in Johnson Controls International plc (NYSE:JCI) by 5.2% during the 4th quarter, HoldingsChannel reports. The firm owned 15,824 shares of the company’s stock after selling 876 shares during the quarter. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in Johnson Controls International were worth $1,249,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ritholtz Wealth Management grew its holdings in Johnson Controls International by 8.4% in the 3rd quarter. Ritholtz Wealth Management now owns 3,614 shares of the company’s stock worth $280,000 after buying an additional 281 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Johnson Controls International by 170.8% during the third quarter. Exchange Traded Concepts LLC now owns 1,763 shares of the company’s stock valued at $137,000 after purchasing an additional 1,112 shares during the period. Procyon Advisors LLC acquired a new position in shares of Johnson Controls International during the third quarter valued at $235,000. Creative Planning raised its stake in shares of Johnson Controls International by 11.1% during the third quarter. Creative Planning now owns 73,594 shares of the company’s stock valued at $5,712,000 after purchasing an additional 7,375 shares in the last quarter. Finally, Magnus Financial Group LLC acquired a new stake in Johnson Controls International in the third quarter worth about $210,000. 90.05% of the stock is owned by institutional investors and hedge funds.

Johnson Controls International Price Performance

NYSE JCI opened at $88.52 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.79 and a debt-to-equity ratio of 0.50. Johnson Controls International plc has a 1 year low of $55.07 and a 1 year high of $89.95. The company has a market cap of $58.44 billion, a PE ratio of 33.79, a PEG ratio of 2.48 and a beta of 1.32. The stock’s 50-day moving average price is $81.29 and its two-hundred day moving average price is $77.47.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. On average, analysts predict that Johnson Controls International plc will post 3.52 EPS for the current year.

Johnson Controls International Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 1.67%. The ex-dividend date was Monday, December 23rd. Johnson Controls International’s payout ratio is 56.49%.

Wall Street Analysts Forecast Growth

JCI has been the topic of several research analyst reports. Wells Fargo & Company raised their target price on shares of Johnson Controls International from $92.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Mizuho raised their price objective 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. Citigroup cut their target price on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a research report on Monday, January 13th. Morgan Stanley lifted their price target on Johnson Controls International from $95.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, StockNews.com lowered Johnson Controls International from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $91.13.

Insider Activity at Johnson Controls International

In other news, EVP Marlon Sullivan sold 7,230 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total value of $602,620.50. Following the transaction, the executive vice president now directly owns 32,246 shares of the company’s stock, valued at approximately $2,687,704.10. This represents a 18.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO George Oliver sold 205,168 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $89.07, for a total value of $18,274,313.76. Following the completion of the transaction, the chief executive officer now owns 1,260,527 shares in the company, valued at $112,275,139.89. This represents a 14.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 950,878 shares of company stock valued at $81,229,286. Company insiders own 0.54% of the company’s stock.

About Johnson Controls International

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.