1ST Source Bank Cuts Holdings in Johnson Controls International PLC (JCI)

1ST Source Bank trimmed its position in shares of Johnson Controls International PLC (NYSE:JCI) by 24.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,403 shares of the auto parts company’s stock after selling 3,355 shares during the quarter. 1ST Source Bank’s holdings in Johnson Controls International PLC were worth $419,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. First PREMIER Bank lifted its holdings in shares of Johnson Controls International PLC by 366.2% during the second quarter. First PREMIER Bank now owns 3,361 shares of the auto parts company’s stock valued at $146,000 after purchasing an additional 2,640 shares during the last quarter. Catawba Capital Management VA lifted its holdings in shares of Johnson Controls International PLC by 13.2% during the second quarter. Catawba Capital Management VA now owns 68,827 shares of the auto parts company’s stock valued at $2,984,000 after purchasing an additional 7,999 shares during the last quarter. Trust Co lifted its holdings in shares of Johnson Controls International PLC by 9.3% during the first quarter. Trust Co now owns 12,892 shares of the auto parts company’s stock valued at $543,000 after purchasing an additional 1,100 shares during the last quarter. Capital One National Association purchased a new position in shares of Johnson Controls International PLC during the second quarter valued at approximately $245,000. Finally, City Holding Co. lifted its holdings in shares of Johnson Controls International PLC by 32.0% during the second quarter. City Holding Co. now owns 25,501 shares of the auto parts company’s stock valued at $1,106,000 after purchasing an additional 6,184 shares during the last quarter. 86.04% of the stock is currently owned by institutional investors and hedge funds.

Shares of Johnson Controls International PLC (JCI) opened at 41.39 on Wednesday. The stock’s market capitalization is $38.59 billion. Johnson Controls International PLC has a 52 week low of $36.74 and a 52 week high of $46.17. The firm’s 50-day moving average is $40.83 and its 200-day moving average is $41.20.

The business also recently declared a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Monday, September 25th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, September 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.42%. Johnson Controls International PLC’s dividend payout ratio is currently -196.08%.

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Several equities analysts have recently issued reports on the stock. Citigroup Inc. reiterated a “buy” rating and set a $50.00 target price (up from $47.00) on shares of Johnson Controls International PLC in a report on Monday, October 9th. Cowen and Company reiterated an “outperform” rating and set a $48.00 target price on shares of Johnson Controls International PLC in a report on Monday, August 21st. Zacks Investment Research upgraded shares of Johnson Controls International PLC from a “sell” rating to a “hold” rating in a report on Tuesday, September 5th. Robert W. Baird reiterated a “buy” rating and set a $50.00 target price on shares of Johnson Controls International PLC in a report on Monday, August 28th. Finally, JMP Securities set a $50.00 target price on shares of Johnson Controls International PLC and gave the company a “buy” rating in a report on Monday, October 23rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $48.29.

In other Johnson Controls International PLC news, VP Jeffrey M. Williams sold 1,955 shares of the firm’s stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $41.43, for a total value of $80,995.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.50% of the company’s stock.

Johnson Controls International PLC Company Profile

Johnson Controls, Inc is a technology company. The Company provides products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles, and seating and interior systems for automobiles. The Company operates in two segments: Building Efficiency and Power Solutions.

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

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