Norway Savings Bank Purchases 445 Shares of Johnson Controls International plc (NYSE:JCI)

Norway Savings Bank increased its position in Johnson Controls International plc (NYSE:JCI) by 3.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 13,795 shares of the company’s stock after buying an additional 445 shares during the quarter. Norway Savings Bank’s holdings in Johnson Controls International were worth $1,089,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Fortitude Family Office LLC boosted its stake in shares of Johnson Controls International by 195.8% in the third quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock worth $33,000 after acquiring an additional 278 shares during the period. Wolff Wiese Magana LLC boosted its stake in Johnson Controls International by 977.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock worth $37,000 after purchasing an additional 430 shares during the period. Western Pacific Wealth Management LP purchased a new stake in Johnson Controls International during the 3rd quarter valued at approximately $44,000. Larson Financial Group LLC raised its position in shares of Johnson Controls International by 169.3% during the third quarter. Larson Financial Group LLC now owns 738 shares of the company’s stock valued at $57,000 after buying an additional 464 shares during the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Johnson Controls International in the third quarter worth $61,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Trading Up 0.5 %

Shares of JCI traded up $0.37 during trading hours on Tuesday, reaching $79.64. 1,473,044 shares of the company traded hands, compared to its average volume of 1,861,481. The firm has a market cap of $52.74 billion, a price-to-earnings ratio of 31.35, a PEG ratio of 2.31 and a beta of 1.32. Johnson Controls International plc has a 12-month low of $51.71 and a 12-month high of $87.16. The stock’s fifty day moving average price is $81.62 and its 200 day moving average price is $75.00. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46.

Johnson Controls International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Monday, December 23rd will be paid a $0.37 dividend. The ex-dividend date is Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.86%. Johnson Controls International’s dividend payout ratio is currently 58.27%.

Wall Street Analysts Forecast Growth

JCI has been the topic of a number of research reports. Barclays lifted their price target on shares of Johnson Controls International from $75.00 to $83.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Robert W. Baird raised their price target on Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Wells Fargo & Company reduced their price objective on Johnson Controls International from $95.00 to $92.00 and set an “overweight” rating on the stock in a research note on Tuesday. Argus upgraded Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research report on Friday, December 20th. Finally, Mizuho boosted their price target on shares of Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $81.07.

Insider Transactions at Johnson Controls International

In other news, EVP Marlon Sullivan sold 7,230 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total value of $602,620.50. Following the completion of the sale, the executive vice president now owns 32,246 shares in the company, valued at approximately $2,687,704.10. The trade was a 18.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO George Oliver sold 110,615 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $76.79, for a total transaction of $8,494,125.85. Following the completion of the sale, the chief executive officer now directly owns 1,243,751 shares of the company’s stock, valued at $95,507,639.29. The trade was a 8.17 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 758,588 shares of company stock valued at $62,480,987. 0.69% of the stock is currently owned by company 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.