Summit Investment Advisors Inc. Sells 257 Shares of Johnson Controls International plc (NYSE:JCI)

Summit Investment Advisors Inc. cut its stake in shares of Johnson Controls International plc (NYSE:JCI) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,509 shares of the company’s stock after selling 257 shares during the quarter. Summit Investment Advisors Inc.’s holdings in Johnson Controls International were worth $514,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Compass Financial Services Inc purchased a new position in Johnson Controls International during the 4th quarter worth $26,000. SBI Securities Co. Ltd. purchased a new position in shares of Johnson Controls International during the fourth quarter valued at $29,000. Synergy Asset Management LLC bought a new stake in shares of Johnson Controls International in the fourth quarter valued at about $42,000. Crowley Wealth Management Inc. purchased a new stake in Johnson Controls International in the fourth quarter worth about $42,000. Finally, ST Germain D J Co. Inc. grew its holdings 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 in the last quarter. Institutional investors own 90.05% of the company’s stock.

Insiders Place Their Bets

In other news, VP Nathan D. Manning sold 1,421 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $76.44, for a total transaction of $108,621.24. Following the completion of the sale, the vice president now owns 148,346 shares of the company’s stock, valued at $11,339,568.24. The trade was a 0.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director George Oliver sold 15,669 shares of the firm’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $77.49, for a total transaction of $1,214,190.81. Following the completion of the transaction, the director now directly owns 1,003,893 shares in the company, valued at $77,791,668.57. This represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 907,286 shares of company stock worth $77,938,071. 0.54% of the stock is owned by corporate insiders.

Johnson Controls International Stock Performance

NYSE JCI opened at $76.77 on Friday. Johnson Controls International plc has a fifty-two week low of $59.83 and a fifty-two week high of $91.14. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02. The firm has a market capitalization of $50.68 billion, a P/E ratio of 29.30, a PEG ratio of 1.96 and a beta of 1.22. The stock has a 50-day simple moving average of $81.28 and a two-hundred day simple moving average of $80.78.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. On average, equities analysts forecast that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 24th were paid a $0.37 dividend. The ex-dividend date was Monday, March 24th. This represents a $1.48 annualized dividend and a dividend yield of 1.93%. Johnson Controls International’s dividend payout ratio is presently 56.49%.

Wall Street Analysts Forecast Growth

JCI has been the subject of several research reports. Morgan Stanley upped their price target on shares of Johnson Controls International from $95.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Melius cut Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 target price on the stock. in a research report on Tuesday, January 28th. Barclays reduced their price target on Johnson Controls International from $88.00 to $85.00 and set an “equal weight” rating for the company in a research report on Monday, March 10th. Melius Research reaffirmed a “hold” rating and set a $95.00 price objective on shares of Johnson Controls International in a research report on Tuesday, January 28th. Finally, Citigroup decreased their price target on shares of Johnson Controls International from $95.00 to $85.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $90.07.

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.