Busey Bank Has $15.32 Million Position in Johnson Controls International plc (NYSE:JCI)

Busey Bank boosted its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 2.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 194,072 shares of the company’s stock after purchasing an additional 4,896 shares during the quarter. Busey Bank’s holdings in Johnson Controls International were worth $15,318,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JCI. Fortitude Family Office LLC grew its stake in shares of Johnson Controls International by 195.8% in the third quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock worth $33,000 after acquiring an additional 278 shares during the last quarter. Wolff Wiese Magana LLC grew its position in Johnson Controls International by 977.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock worth $37,000 after purchasing an additional 430 shares during the last quarter. Synergy Asset Management LLC acquired a new position in shares of Johnson Controls International during the fourth quarter valued at about $42,000. ST Germain D J Co. Inc. lifted its stake in shares of Johnson Controls International by 32.8% in the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock valued at $43,000 after buying an additional 134 shares during the period. Finally, Western Pacific Wealth Management LP acquired a new stake in Johnson Controls International during the third quarter worth about $44,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Insider Buying and Selling at Johnson Controls International

In other news, CEO George Oliver sold 110,616 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $84.60, for a total transaction of $9,358,113.60. Following the completion of the sale, the chief executive officer now owns 1,244,617 shares of the company’s stock, valued at $105,294,598.20. This represents a 8.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Marlon Sullivan sold 7,230 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total transaction of $602,620.50. Following the completion of the sale, the executive vice president now directly owns 32,246 shares in the company, valued at $2,687,704.10. This represents a 18.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 647,787 shares of company stock valued at $53,972,452. Company insiders own 0.69% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on JCI. Melius downgraded Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price objective for the company. in a research report on Tuesday. Mizuho boosted their price target on shares of Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Royal Bank of Canada raised their price target on shares of 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. Citigroup cut their price objective on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Finally, Melius Research reaffirmed a “hold” rating and issued a $95.00 target price on shares of Johnson Controls International in a report on Tuesday. Eleven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $84.00.

Johnson Controls International Price Performance

Johnson Controls International stock opened at $76.37 on Thursday. The business has a 50-day moving average of $81.34 and a 200-day moving average of $76.44. Johnson Controls International plc has a 1 year low of $52.02 and a 1 year high of $87.16. The firm has a market capitalization of $50.41 billion, a P/E ratio of 30.06, a PEG ratio of 2.35 and a beta of 1.32. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, December 23rd were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend was Monday, December 23rd. Johnson Controls International’s dividend payout ratio is currently 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.