Johnson Controls International plc (NYSE:JCI) Shares Bought by Summit Asset Management LLC

Summit Asset Management LLC lifted its stake in shares of Johnson Controls International plc (NYSE:JCI) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,800 shares of the company’s stock after purchasing an additional 300 shares during the period. Summit Asset Management LLC’s holdings in Johnson Controls International were worth $1,405,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Compass Financial Services Inc bought a new position in shares of Johnson Controls International during the fourth quarter worth about $26,000. Fortitude Family Office LLC increased 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 valued at $33,000 after purchasing an additional 278 shares during the period. Synergy Asset Management LLC acquired a new stake in shares of Johnson Controls International in the fourth quarter valued at approximately $42,000. ST Germain D J Co. Inc. increased its stake in shares of Johnson Controls International by 32.8% in the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock valued at $43,000 after purchasing an additional 134 shares during the period. Finally, Western Pacific Wealth Management LP acquired a new stake in shares of Johnson Controls International in the third quarter valued at approximately $44,000. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Down 4.1 %

NYSE:JCI opened at $85.23 on Friday. The firm’s 50 day simple moving average is $82.06 and its 200 day simple moving average is $78.47. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86. Johnson Controls International plc has a one year low of $57.78 and a one year high of $91.14. The company has a market cap of $56.26 billion, a PE ratio of 32.53, a P/E/G ratio of 1.96 and a beta of 1.32.

Johnson Controls International (NYSE:JCI) last released 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 net margin of 6.83% and a return on equity of 15.11%. On average, research analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, December 23rd were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.74%. The ex-dividend date was Monday, December 23rd. Johnson Controls International’s dividend payout ratio (DPR) is presently 56.49%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. UBS Group upgraded shares of Johnson Controls International from a “neutral” rating to a “buy” rating and raised their price objective for the company from $90.00 to $103.00 in a research note on Monday, February 10th. JPMorgan Chase & Co. raised their price objective on shares of Johnson Controls International from $87.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Royal Bank of Canada lifted their price target on shares of Johnson Controls International from $86.00 to $93.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 6th. Barclays lifted their price target on shares of Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Finally, Oppenheimer raised 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 investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Johnson Controls International currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.13.

Insider Activity

In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 1,950 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The stock was 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 owns 24,803 shares of the company’s stock, valued at $2,175,967.19. This represents a 7.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Nathan D. Manning sold 1,421 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $76.44, for a total value of $108,621.24. Following the completion of the transaction, the vice president now directly owns 148,346 shares of the company’s stock, valued at $11,339,568.24. This represents a 0.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 719,004 shares of company stock worth $62,950,067 over the last ninety days. Company 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.