Summit Trail Advisors LLC Buys 1,126 Shares of Johnson Controls International plc (NYSE:JCI)

Summit Trail Advisors LLC grew its stake in shares of Johnson Controls International plc (NYSE:JCI) by 24.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,821 shares of the company’s stock after acquiring an additional 1,126 shares during the period. Summit Trail Advisors LLC’s holdings in Johnson Controls International were worth $462,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of JCI. CWM LLC grew its position in Johnson Controls International by 1.7% during the 3rd quarter. CWM LLC now owns 26,942 shares of the company’s stock worth $2,091,000 after acquiring an additional 451 shares during the last quarter. Ritholtz Wealth Management boosted its stake in shares of Johnson Controls International by 8.4% during the third quarter. Ritholtz Wealth Management now owns 3,614 shares of the company’s stock valued at $280,000 after purchasing an additional 281 shares in the last quarter. Annex Advisory Services LLC bought a new stake in shares of Johnson Controls International during the third quarter worth about $203,000. Exchange Traded Concepts LLC grew 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 worth $137,000 after purchasing an additional 1,112 shares during the last quarter. Finally, Procyon Advisors LLC acquired a new position in shares of Johnson Controls International in the third quarter valued at approximately $235,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Controls International Price Performance

Shares of JCI opened at $89.13 on Wednesday. The firm has a market cap of $58.83 billion, a PE ratio of 34.02, a price-to-earnings-growth ratio of 2.48 and a beta of 1.32. Johnson Controls International plc has a 52-week low of $54.07 and a 52-week high of $89.95. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.79 and a current ratio of 1.02. The business’s 50 day moving average price is $81.05 and its two-hundred day moving average price is $77.24.

Johnson Controls International (NYSE:JCI) last released its 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, equities analysts anticipate that Johnson Controls International plc will post 3.52 EPS for the current year.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were paid a $0.37 dividend. The ex-dividend date was Monday, December 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.66%. Johnson Controls International’s dividend payout ratio is presently 56.49%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on JCI. Robert W. Baird lifted their target price on shares of Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. lifted their price target on shares of Johnson Controls International from $87.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Citigroup decreased their price objective on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Monday, January 13th. UBS Group raised Johnson Controls International from a “neutral” rating to a “buy” rating and raised their target price for the stock from $90.00 to $103.00 in a research report on Monday. Finally, Wells Fargo & Company upped their price target on Johnson Controls International from $92.00 to $98.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.13.

Insider Activity at Johnson Controls International

In other news, VP Daniel C. Mcconeghy sold 1,950 shares of Johnson Controls International stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $87.73, for a total transaction of $171,073.50. Following the completion of the transaction, the vice president now directly owns 24,803 shares in the company, valued at $2,175,967.19. This trade represents a 7.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO George Oliver sold 110,616 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $84.60, for a total transaction of $9,358,113.60. Following the sale, the chief executive officer now directly owns 1,244,617 shares of the company’s stock, valued at approximately $105,294,598.20. The trade was a 8.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,061,494 shares of company stock valued at $90,587,400 in the last three months. Corporate insiders own 0.54% 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.