US Bancorp DE Decreases Stake in Johnson Controls International plc (NYSE:JCI)

US Bancorp DE cut its holdings in Johnson Controls International plc (NYSE:JCIGet Rating) by 1.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,317 shares of the company’s stock after selling 883 shares during the quarter. US Bancorp DE’s holdings in Johnson Controls International were worth $2,230,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV boosted its position in Johnson Controls International by 48.3% during the third quarter. Massmutual Trust Co. FSB ADV now owns 654 shares of the company’s stock worth $32,000 after purchasing an additional 213 shares in the last quarter. Rosenberg Matthew Hamilton purchased a new stake in Johnson Controls International during the third quarter worth $36,000. Salem Investment Counselors Inc. boosted its position in Johnson Controls International by 152.4% during the first quarter. Salem Investment Counselors Inc. now owns 588 shares of the company’s stock worth $39,000 after purchasing an additional 355 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in Johnson Controls International during the second quarter worth $42,000. Finally, GHP Investment Advisors Inc. boosted its position in Johnson Controls International by 47.0% during the second quarter. GHP Investment Advisors Inc. now owns 929 shares of the company’s stock worth $44,000 after purchasing an additional 297 shares in the last quarter. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on JCI. Barclays boosted their target price on Johnson Controls International from $73.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, January 5th. The Goldman Sachs Group boosted their price target on Johnson Controls International from $68.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, November 4th. Mizuho boosted their price target on Johnson Controls International from $72.00 to $78.00 and gave the stock a “buy” rating in a report on Friday. Wells Fargo & Company boosted their price target on Johnson Controls International from $66.00 to $72.00 and gave the stock an “overweight” rating in a report on Thursday, January 5th. Finally, Oppenheimer boosted their price target on Johnson Controls International from $68.00 to $76.00 in a report on Friday, December 2nd. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $71.00.

Insiders Place Their Bets

In other Johnson Controls International news, EVP Michael J. Ellis sold 28,825 shares of the company’s stock in a transaction dated Monday, December 12th. The stock was sold at an average price of $65.15, for a total transaction of $1,877,948.75. Following the completion of the sale, the executive vice president now directly owns 8,101 shares in the company, valued at $527,780.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Michael J. Ellis sold 28,825 shares of the company’s stock in a transaction dated Monday, December 12th. The stock was sold at an average price of $65.15, for a total value of $1,877,948.75. Following the completion of the sale, the executive vice president now owns 8,101 shares of the company’s stock, valued at $527,780.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael J. Ellis sold 1,194 shares of the company’s stock in a transaction dated Friday, December 9th. The stock was sold at an average price of $66.16, for a total value of $78,995.04. Following the completion of the sale, the executive vice president now directly owns 11,902 shares of the company’s stock, valued at approximately $787,436.32. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by insiders.

Johnson Controls International Stock Performance

Johnson Controls International stock opened at $68.83 on Monday. The firm has a market capitalization of $47.27 billion, a P/E ratio of 31.14, a PEG ratio of 1.46 and a beta of 1.21. The stock has a fifty day moving average price of $65.77 and a 200 day moving average price of $57.72. Johnson Controls International plc has a 52 week low of $45.52 and a 52 week high of $77.82. The company has a current ratio of 1.04, a quick ratio of 0.82 and a debt-to-equity ratio of 0.43.

Johnson Controls International (NYSE:JCIGet Rating) last announced its quarterly earnings results on Thursday, November 3rd. The company reported $0.99 EPS for the quarter, hitting the consensus estimate of $0.99. The company had revenue of $6.73 billion during the quarter, compared to analyst estimates of $6.78 billion. Johnson Controls International had a return on equity of 11.83% and a net margin of 6.06%. Equities research analysts anticipate that Johnson Controls International plc will post 3.49 earnings per share for the current year.

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Monday, December 19th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, December 16th. This represents a $1.40 annualized dividend and a yield of 2.03%. Johnson Controls International’s dividend payout ratio is presently 63.35%.

Johnson Controls International Profile

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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.

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Institutional Ownership by Quarter for Johnson Controls International (NYSE:JCI)

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