Synovus Financial Corp Takes $225,000 Position in Johnson Controls International plc (NYSE:JCI)

Synovus Financial Corp purchased a new position in shares of Johnson Controls International plc (NYSE:JCI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,844 shares of the company’s stock, valued at approximately $225,000.

Other hedge funds also recently bought and sold shares of the company. Compass Financial Services Inc purchased a new stake in shares of Johnson Controls International during the fourth quarter valued at $26,000. SBI Securities Co. Ltd. bought a new stake in Johnson Controls International during the 4th quarter valued at about $29,000. Synergy Asset Management LLC purchased a new stake in Johnson Controls International in the 4th quarter valued at about $42,000. Crowley Wealth Management Inc. bought a new position in Johnson Controls International in the 4th quarter worth about $42,000. Finally, ST Germain D J Co. Inc. increased its position in shares of Johnson Controls International by 32.8% during the fourth 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 during the period. Institutional investors own 90.05% of the company’s stock.

Insider Buying and Selling

In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 1,950 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $87.73, for a total value of $171,073.50. Following the sale, the vice president now directly owns 24,803 shares of the company’s stock, valued at approximately $2,175,967.19. This trade represents a 7.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Nathan D. Manning sold 1,422 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $79.72, for a total value of $113,361.84. Following the transaction, the vice president now directly owns 145,502 shares of the company’s stock, valued at approximately $11,599,419.44. The trade was a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 907,286 shares of company stock valued at $77,938,071. Corporate insiders own 0.54% of the company’s stock.

Johnson Controls International Trading Up 0.1 %

NYSE JCI opened at $76.77 on Friday. The company has a fifty day moving average of $81.28 and a 200 day moving average of $80.78. The company has a market capitalization of $50.68 billion, a PE ratio of 29.30, a P/E/G ratio of 1.96 and a beta of 1.22. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86. Johnson Controls International plc has a 1 year low of $59.83 and a 1 year high of $91.14.

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

Johnson Controls International Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have weighed in on JCI. Barclays decreased their target price 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. UBS Group upgraded shares of Johnson Controls International from a “neutral” rating to a “buy” rating and boosted their price target for the company from $90.00 to $103.00 in a report on Monday, February 10th. Citigroup cut their price objective 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. Wells Fargo & Company increased their target price on Johnson Controls International from $92.00 to $98.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, Melius cut 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. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Johnson Controls International has a consensus rating of “Moderate Buy” and a consensus price target of $90.07.

Johnson Controls International Profile

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.