Inspire Trust Co. N.A. Lowers Stock Position in Johnson Controls International plc (NYSE:JCI)

Inspire Trust Co. N.A. lessened its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 9.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 56,000 shares of the company's stock after selling 6,000 shares during the quarter. Johnson Controls International makes up about 1.1% of Inspire Trust Co. N.A.'s portfolio, making the stock its 20th biggest position. Inspire Trust Co. N.A.'s holdings in Johnson Controls International were worth $4,420,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Gilbert & Cook Inc. boosted its stake in shares of Johnson Controls International by 2.0% during the 4th quarter. Gilbert & Cook Inc. now owns 6,458 shares of the company's stock worth $510,000 after buying an additional 127 shares during the last quarter. Jackson Hole Capital Partners LLC boosted its stake in shares of Johnson Controls International by 0.7% during the 4th quarter. Jackson Hole Capital Partners LLC now owns 18,621 shares of the company's stock worth $1,470,000 after buying an additional 127 shares during the last quarter. Catalyst Financial Partners LLC boosted its stake in shares of Johnson Controls International by 4.8% during the 4th quarter. Catalyst Financial Partners LLC now owns 3,154 shares of the company's stock worth $249,000 after buying an additional 144 shares during the last quarter. Avidian Wealth Enterprises LLC boosted its stake in shares of Johnson Controls International by 4.6% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 3,427 shares of the company's stock worth $270,000 after buying an additional 150 shares during the last quarter. Finally, Kestra Investment Management LLC boosted its stake in shares of Johnson Controls International by 2.4% during the 4th quarter. Kestra Investment Management LLC now owns 6,439 shares of the company's stock worth $508,000 after buying an additional 151 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

Insider Activity

In other Johnson Controls International news, Director George Oliver sold 184,331 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $79.49, for a total transaction of $14,652,471.19. Following the completion of the transaction, the director now directly owns 1,019,562 shares in the company, valued at $81,044,983.38. The trade was a 15.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Nathan D. Manning sold 1,422 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $79.72, for a total transaction of $113,361.84. Following the transaction, the vice president now owns 145,502 shares of the company's stock, valued at approximately $11,599,419.44. This represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 460,396 shares of company stock worth $38,645,569. Corporate insiders own 0.54% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on JCI. Melius downgraded shares of Johnson Controls International from a "buy" rating to a "hold" rating and set a $95.00 price objective for the company. in a research note on Tuesday, January 28th. Wells Fargo & Company increased their price objective on shares of Johnson Controls International from $82.00 to $100.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Morgan Stanley raised their target price on shares of Johnson Controls International from $105.00 to $115.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Vertical Research upgraded shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 target price for the company in a research note on Thursday, May 8th. Finally, JPMorgan Chase & Co. raised their target price on shares of Johnson Controls International from $81.00 to $98.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Eight investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $96.12.

Johnson Controls International Stock Performance

Shares of NYSE:JCI traded up $0.11 during trading on Friday, reaching $98.04. 3,224,529 shares of the stock were exchanged, compared to its average volume of 4,281,509. Johnson Controls International plc has a 12 month low of $64.31 and a 12 month high of $98.53. The firm has a market cap of $64.51 billion, a PE ratio of 37.42, a PEG ratio of 1.96 and a beta of 1.28. The stock has a 50-day moving average price of $84.10 and a 200-day moving average price of $83.02. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. The company had revenue of $5.68 billion during the quarter, compared to analysts' expectations of $5.64 billion. During the same quarter in the previous year, the company posted $0.78 earnings per share. The business's revenue was up 1.4% on a year-over-year basis. Research analysts expect that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 24th were given a $0.37 dividend. The ex-dividend date was Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.51%. Johnson Controls International's payout ratio is 39.47%.

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.