Stock Yards Bank & Trust Co. Sells 1,121 Shares of Johnson Controls International plc (NYSE:JCI)

Stock Yards Bank & Trust Co. lowered its stake in Johnson Controls International plc (NYSE:JCI) by 12.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,736 shares of the company’s stock after selling 1,121 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Johnson Controls International were worth $611,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Metis Global Partners LLC grew its holdings in shares of Johnson Controls International by 0.4% in the third 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. Gilbert & Cook Inc. boosted its position in Johnson Controls International by 2.0% in the fourth quarter. Gilbert & Cook Inc. now owns 6,458 shares of the company’s stock worth $510,000 after purchasing an additional 127 shares during the last quarter. Graypoint LLC grew its stake in shares of Johnson Controls International by 4.1% during the 4th quarter. Graypoint LLC now owns 3,277 shares of the company’s stock valued at $259,000 after purchasing an additional 130 shares during the period. ST Germain D J Co. Inc. increased its position in shares of 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 valued at $43,000 after purchasing an additional 134 shares during the last quarter. Finally, Brooklyn Investment Group lifted its stake in shares of Johnson Controls International by 3.1% in the 4th quarter. Brooklyn Investment Group now owns 4,444 shares of the company’s stock worth $351,000 after purchasing an additional 135 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Citigroup cut their target price on shares of Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a research report on Monday, January 13th. Royal Bank of Canada upped 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. Argus upgraded Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research report on Friday, December 20th. Barclays upped their price target on 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, Robert W. Baird boosted their price objective on Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $87.20.

Insider Buying and Selling

In other news, CEO George Oliver sold 224,152 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $82.72, for a total transaction of $18,541,853.44. Following the sale, the chief executive officer now directly owns 1,166,992 shares in the company, valued at approximately $96,533,578.24. This represents a 16.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Marlon Sullivan sold 7,230 shares of Johnson Controls International stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total value of $602,620.50. Following the completion of the transaction, 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 647,787 shares of company stock worth $53,972,452. Insiders own 0.54% of the company’s stock.

Johnson Controls International Price Performance

NYSE:JCI opened at $76.97 on Tuesday. The company has a market capitalization of $50.81 billion, a P/E ratio of 30.30, a P/E/G ratio of 2.24 and a beta of 1.32. The business’s 50-day moving average is $80.97 and its 200 day moving average is $76.58. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. Johnson Controls International plc has a 12 month low of $52.79 and a 12 month high of $87.16.

Johnson Controls International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, December 23rd were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Monday, December 23rd. Johnson Controls International’s dividend payout ratio (DPR) 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.