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

Farmers & Merchants Trust Co of Chambersburg PA decreased its holdings in Johnson Controls International plc (NYSE:JCI) by 5.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Park Avenue Securities LLC grew its holdings in Johnson Controls International by 101.5% in the fourth quarter. Park Avenue Securities LLC now owns 26,517 shares of the company’s stock valued at $2,093,000 after purchasing an additional 13,360 shares during the period. Y Intercept Hong Kong Ltd boosted its holdings in shares of Johnson Controls International by 136.8% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 91,248 shares of the company’s stock valued at $7,082,000 after purchasing an additional 52,719 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Johnson Controls International by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company’s stock valued at $1,041,822,000 after purchasing an additional 71,493 shares during the last quarter. BNC Wealth Management LLC purchased a new stake in shares of Johnson Controls International during the 4th quarter valued at $2,093,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Johnson Controls International during the 3rd quarter worth $7,692,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades

JCI has been the topic of a number of research analyst reports. Morgan Stanley lifted their target price on Johnson Controls International from $95.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Royal Bank of Canada lifted their price objective on Johnson Controls International from $86.00 to $93.00 and gave the company a “sector perform” rating in a research note on Thursday, February 6th. Mizuho increased their target price 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. JPMorgan Chase & Co. lifted their price target on shares of Johnson Controls International from $87.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, Oppenheimer boosted their price objective on shares of Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Johnson Controls International currently has an average rating of “Moderate Buy” and a consensus price target of $91.13.

Insider Buying and Selling

In related news, EVP Marlon Sullivan sold 7,230 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total transaction of $602,620.50. Following the sale, the executive vice president now owns 32,246 shares in the company, valued at $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 Securities & Exchange Commission, which is available through this hyperlink. Also, CEO George Oliver sold 10,304 shares of Johnson Controls International stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $84.14, for a total value of $866,978.56. Following the completion of the transaction, the chief executive officer now owns 1,166,992 shares of the company’s stock, valued at approximately $98,190,706.88. The trade was a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 950,878 shares of company stock worth $81,229,286 over the last ninety days. 0.54% of the stock is owned by insiders.

Johnson Controls International Price Performance

JCI opened at $88.52 on Friday. The company has a market capitalization of $58.44 billion, a P/E ratio of 33.79, a PEG ratio of 2.48 and a beta of 1.32. The company has a 50-day moving average of $81.29 and a 200-day moving average of $77.47. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.79 and a current ratio of 1.02. Johnson Controls International plc has a 1-year low of $55.07 and a 1-year high of $89.95.

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

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, December 23rd were paid 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 dividend payout ratio (DPR) is presently 56.49%.

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.