Central Pacific Bank Trust Division Raises Stake in Johnson Controls International plc (NYSE:JCI)

Central Pacific Bank Trust Division raised its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 17.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,454 shares of the company's stock after purchasing an additional 5,501 shares during the quarter. Central Pacific Bank Trust Division's holdings in Johnson Controls International were worth $2,920,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Gilbert & Cook Inc. boosted its stake in shares of Johnson Controls International by 2.0% during the fourth quarter. Gilbert & Cook Inc. now owns 6,458 shares of the company's stock valued at $510,000 after purchasing an additional 127 shares during the period. Jackson Hole Capital Partners LLC lifted its position in shares of Johnson Controls International by 0.7% during the fourth quarter. Jackson Hole Capital Partners LLC now owns 18,621 shares of the company's stock valued at $1,470,000 after buying an additional 127 shares during the last quarter. Catalyst Financial Partners LLC lifted its position in shares of Johnson Controls International by 4.8% during the fourth quarter. Catalyst Financial Partners LLC now owns 3,154 shares of the company's stock valued at $249,000 after buying an additional 144 shares during the last quarter. Avidian Wealth Enterprises LLC lifted its position in shares of Johnson Controls International by 4.6% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 3,427 shares of the company's stock valued at $270,000 after buying an additional 150 shares during the last quarter. Finally, Kestra Investment Management LLC lifted its position in shares of Johnson Controls International by 2.4% during the fourth quarter. Kestra Investment Management LLC now owns 6,439 shares of the company's stock valued at $508,000 after buying an additional 151 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company's stock.

Johnson Controls International Trading Up 0.4%

Shares of NYSE:JCI traded up $0.40 during midday trading on Tuesday, reaching $100.79. 802,809 shares of the company's stock were exchanged, compared to its average volume of 4,272,225. The stock has a market cap of $66.32 billion, a price-to-earnings ratio of 38.47, a P/E/G ratio of 1.96 and a beta of 1.28. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86. The firm's 50 day simple moving average is $86.17 and its two-hundred day simple moving average is $83.68. Johnson Controls International plc has a fifty-two week low of $64.31 and a fifty-two week high of $102.36.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.05. The company had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.64 billion. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. Johnson Controls International's revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.78 EPS. As a group, sell-side analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 24th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend was Monday, March 24th. Johnson Controls International's dividend payout ratio is presently 39.47%.

Analyst Ratings Changes

Several analysts have commented on JCI shares. JPMorgan Chase & Co. increased their price target on shares of Johnson Controls International from $81.00 to $98.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Barclays upped their price objective on shares of Johnson Controls International from $85.00 to $90.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. Wells Fargo & Company upped their price objective on shares of Johnson Controls International from $82.00 to $100.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Robert W. Baird upped their price objective on shares of Johnson Controls International from $84.00 to $90.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Finally, Citigroup cut their price target on shares of Johnson Controls International from $95.00 to $85.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Johnson Controls International presently has an average rating of "Moderate Buy" and a consensus target price of $96.12.

Insider Transactions at Johnson Controls International

In other news, VP Nathan D. Manning sold 1,422 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $100.90, for a total transaction of $143,479.80. Following the completion of the sale, the vice president now owns 143,282 shares in the company, valued at $14,457,153.80. This represents a 0.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Marc Vandiepenbeeck sold 28,289 shares of Johnson Controls International stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $90.92, for a total transaction of $2,572,035.88. Following the completion of the transaction, the chief financial officer now owns 147,673 shares in the company, valued at approximately $13,426,429.16. This trade represents a 16.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 332,555 shares of company stock valued at $27,989,126. 0.54% of the stock is currently owned by corporate insiders.

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.