Johnson Controls International plc (NYSE:JCI) Shares Sold by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division lessened its position in Johnson Controls International plc (NYSE:JCI) by 3.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 30,953 shares of the company’s stock after selling 1,081 shares during the quarter. Central Pacific Bank Trust Division’s holdings in Johnson Controls International were worth $2,443,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of JCI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Johnson Controls International by 514.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company’s stock worth $418,439,000 after buying an additional 4,514,792 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Johnson Controls International by 686.4% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,445,418 shares of the company’s stock worth $295,487,000 after acquiring an additional 3,880,146 shares during the period. Point72 Asset Management L.P. boosted its stake in Johnson Controls International by 263.9% during the second quarter. Point72 Asset Management L.P. now owns 1,341,919 shares of the company’s stock worth $89,197,000 after buying an additional 973,145 shares in the last quarter. Electron Capital Partners LLC raised its stake in shares of Johnson Controls International by 81.3% in the 2nd quarter. Electron Capital Partners LLC now owns 1,432,335 shares of the company’s stock valued at $95,207,000 after buying an additional 642,315 shares in the last quarter. Finally, Interval Partners LP lifted its holdings in shares of Johnson Controls International by 601.5% during the 2nd quarter. Interval Partners LP now owns 676,676 shares of the company’s stock worth $44,979,000 after acquiring an additional 580,212 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades

JCI has been the topic of a number of analyst reports. Robert W. Baird upped their target price on shares of Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Oppenheimer upped their price objective on Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Wells Fargo & Company boosted their price target on Johnson Controls International from $84.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Royal Bank of Canada increased their price objective on 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, Argus upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research note on Friday, December 20th. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $80.93.

Johnson Controls International Stock Performance

Shares of JCI stock traded up $1.03 on Friday, hitting $79.98. The company’s stock had a trading volume of 911,886 shares, compared to its average volume of 1,404,250. Johnson Controls International plc has a fifty-two week low of $51.71 and a fifty-two week high of $87.16. 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 stock’s 50 day moving average is $81.53 and its 200-day moving average is $74.77. The company has a market capitalization of $52.96 billion, a PE ratio of 31.49, a PEG ratio of 2.31 and a beta of 1.31.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Monday, December 23rd will be issued a $0.37 dividend. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $1.48 annualized dividend and a yield of 1.85%. Johnson Controls International’s dividend payout ratio is presently 58.27%.

Insider Transactions at Johnson Controls International

In other news, EVP Marlon Sullivan sold 7,230 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total transaction of $602,620.50. Following the completion of the sale, the executive vice president now owns 32,246 shares of the company’s stock, valued at approximately $2,687,704.10. This represents a 18.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO George Oliver sold 110,616 shares of Johnson Controls International stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $84.60, for a total transaction of $9,358,113.60. Following the completion of the transaction, the chief executive officer now directly owns 1,244,617 shares in the company, valued at $105,294,598.20. This trade represents a 8.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 758,588 shares of company stock valued at $62,480,987. 0.69% of the stock is owned by corporate insiders.

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.