First Citizens Bank & Trust Co. Trims Stock Position in Johnson Controls International plc (NYSE:JCI)

First Citizens Bank & Trust Co. reduced its stake in shares of Johnson Controls International plc (NYSE:JCI) by 8.4% during the fourth quarter, Holdings Channel reports. The firm owned 36,052 shares of the company’s stock after selling 3,302 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Johnson Controls International were worth $2,846,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in JCI. Metis Global Partners LLC raised its stake in Johnson Controls International by 0.4% during the 3rd quarter. Metis Global Partners LLC now owns 28,446 shares of the company’s stock worth $2,208,000 after acquiring an additional 127 shares during the period. Graypoint LLC raised its stake in Johnson Controls International by 4.1% during the 4th quarter. Graypoint LLC now owns 3,277 shares of the company’s stock worth $259,000 after acquiring an additional 130 shares during the period. ST Germain D J Co. Inc. raised its stake in Johnson Controls International by 32.8% during the 4th quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock worth $43,000 after acquiring an additional 134 shares during the period. Brooklyn Investment Group raised its stake in Johnson Controls International by 3.1% during the 4th quarter. Brooklyn Investment Group now owns 4,444 shares of the company’s stock worth $351,000 after acquiring an additional 135 shares during the period. Finally, Fulton Bank N.A. raised its stake in Johnson Controls International by 1.2% during the 4th quarter. Fulton Bank N.A. now owns 11,845 shares of the company’s stock worth $935,000 after acquiring an additional 139 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on JCI shares. StockNews.com cut shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Barclays raised their target price on shares of Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Robert W. Baird raised 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 note on Thursday, November 7th. Royal Bank of Canada raised their target price on shares of Johnson Controls International from $81.00 to $86.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 7th. Finally, Oppenheimer lifted their price objective on shares of Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $82.53.

Insiders Place Their Bets

In other news, CEO George Oliver sold 124,497 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $82.67, for a total transaction of $10,292,166.99. Following the transaction, the chief executive officer now owns 1,267,716 shares in the company, valued at $104,802,081.72. This represents a 8.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Marlon Sullivan sold 7,230 shares of the company’s 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 transaction, the executive vice president now owns 32,246 shares in the company, valued at approximately $2,687,704.10. This trade represents a 18.31 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 647,787 shares of company stock worth $53,972,452. 0.69% of the stock is owned by corporate insiders.

Johnson Controls International Stock Performance

Shares of Johnson Controls International stock opened at $81.65 on Monday. The company has a market capitalization of $53.90 billion, a PE ratio of 32.14, a P/E/G ratio of 2.35 and a beta of 1.32. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94. The company has a 50-day simple moving average of $81.62 and a two-hundred day simple moving average of $76.28. Johnson Controls International plc has a one year low of $52.02 and a one year high of $87.16.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, December 23rd were issued a $0.37 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.81%. Johnson Controls International’s dividend payout ratio is presently 58.27%.

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.