Grove Bank & Trust Has $209,000 Stock Holdings in Johnson Controls International plc (NYSE:JCI)

Grove Bank & Trust boosted its position in shares of Johnson Controls International plc (NYSE:JCI) by 14.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,648 shares of the company’s stock after purchasing an additional 333 shares during the quarter. Grove Bank & Trust’s holdings in Johnson Controls International were worth $209,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. State Street Corp grew its holdings in shares of Johnson Controls International by 1.1% in the 3rd quarter. State Street Corp now owns 27,939,766 shares of the company’s stock valued at $2,178,595,000 after buying an additional 300,712 shares during the period. Fisher Asset Management LLC lifted its holdings in Johnson Controls International by 3.4% during the third quarter. Fisher Asset Management LLC now owns 15,295,506 shares of the company’s stock worth $1,187,084,000 after acquiring an additional 509,293 shares in the last quarter. Geode Capital Management LLC grew its stake in Johnson Controls International by 0.5% in the third quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company’s stock valued at $1,041,822,000 after acquiring an additional 71,493 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings 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 acquiring an additional 4,514,792 shares in the last quarter. Finally, Raymond James & Associates raised its position in shares of Johnson Controls International by 5.6% during the third quarter. Raymond James & Associates now owns 4,735,147 shares of the company’s stock worth $367,495,000 after purchasing an additional 249,405 shares during the period. Institutional investors own 90.05% of the company’s stock.

Insider Activity

In related news, CEO George Oliver sold 110,616 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $84.60, for a total value of $9,358,113.60. Following the sale, the chief executive officer now owns 1,244,617 shares in the company, valued at approximately $105,294,598.20. This represents a 8.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Marlon Sullivan sold 7,230 shares of Johnson Controls International stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total transaction of $602,620.50. Following the transaction, the executive vice president now directly owns 32,246 shares of the company’s stock, valued at approximately $2,687,704.10. This trade represents a 18.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 647,787 shares of company stock valued at $53,972,452. 0.69% of the stock is owned by company insiders.

Johnson Controls International Price Performance

Shares of JCI opened at $81.34 on Monday. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. The company’s fifty day simple moving average is $81.96 and its 200 day simple moving average is $75.76. Johnson Controls International plc has a 1-year low of $52.02 and a 1-year high of $87.16. The company has a market cap of $53.86 billion, a price-to-earnings ratio of 32.02, a PEG ratio of 2.20 and a beta of 1.32.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were paid a dividend of $0.37 per share. The ex-dividend date was Monday, December 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.82%. Johnson Controls International’s dividend payout ratio is presently 58.27%.

Analyst Upgrades and Downgrades

JCI has been the subject of a number of research reports. StockNews.com cut Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Royal Bank of Canada increased their price objective on shares of Johnson Controls International from $81.00 to $86.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 7th. Oppenheimer boosted 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. Bank of America upped their target price on shares of Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Finally, Argus upgraded Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a report on Friday, December 20th. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $82.53.

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.