Black Cypress Capital Management LLC Has $7.91 Million Stock Position in Johnson Controls International plc (NYSE:JCI)

Black Cypress Capital Management LLC decreased its holdings in Johnson Controls International plc (NYSE:JCI) by 3.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,205 shares of the company’s stock after selling 3,804 shares during the period. Johnson Controls International accounts for about 6.9% of Black Cypress Capital Management LLC’s holdings, making the stock its 4th biggest position. Black Cypress Capital Management LLC’s holdings in Johnson Controls International were worth $7,909,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of JCI. Raymond James Financial Inc. purchased a new position in shares of Johnson Controls International in the fourth quarter valued at $568,309,000. Norges Bank purchased a new position in Johnson Controls International during the 4th quarter valued at about $560,549,000. Invesco Ltd. increased its position in shares of Johnson Controls International by 13.2% during the fourth quarter. Invesco Ltd. now owns 18,407,597 shares of the company’s stock valued at $1,452,912,000 after buying an additional 2,150,573 shares during the period. Amundi lifted its holdings in shares of Johnson Controls International by 76.7% in the fourth quarter. Amundi now owns 3,870,478 shares of the company’s stock worth $309,422,000 after buying an additional 1,680,431 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Johnson Controls International by 6.0% in the fourth quarter. Franklin Resources Inc. now owns 23,344,374 shares of the company’s stock valued at $1,842,571,000 after acquiring an additional 1,325,500 shares during the period. Institutional investors own 90.05% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on JCI shares. JPMorgan Chase & Co. cut their price target on shares of Johnson Controls International from $100.00 to $81.00 and set an “overweight” rating for the company in a report on Tuesday. Morgan Stanley raised their price target on Johnson Controls International from $95.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Argus raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a report on Friday, December 20th. Melius Research reiterated a “hold” rating and set a $95.00 target price on shares of Johnson Controls International in a research report on Tuesday, January 28th. Finally, Citigroup decreased their price target on shares of Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Johnson Controls International currently has an average rating of “Moderate Buy” and a consensus target price of $90.00.

Johnson Controls International Stock Up 1.9 %

Shares of Johnson Controls International stock opened at $77.68 on Friday. Johnson Controls International plc has a 1 year low of $59.83 and a 1 year high of $91.14. The firm has a market cap of $51.28 billion, a price-to-earnings ratio of 29.65, a PEG ratio of 1.96 and a beta of 1.22. The company has a 50-day moving average of $82.34 and a 200 day moving average of $80.79. 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 (NYSE:JCI) last announced its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. As a group, sell-side analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 24th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend is Monday, March 24th. Johnson Controls International’s dividend payout ratio is presently 56.49%.

Insider Buying and Selling

In related news, VP Nathan D. Manning sold 1,421 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $76.44, for a total value of $108,621.24. Following the completion of the transaction, the vice president now directly owns 148,346 shares in the company, valued at $11,339,568.24. The trade was a 0.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director George Oliver sold 15,669 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $77.49, for a total value of $1,214,190.81. Following the sale, the director now owns 1,003,893 shares in the company, valued at approximately $77,791,668.57. This represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 907,286 shares of company stock worth $77,938,071 in the last quarter. Corporate insiders own 0.54% of the company’s stock.

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.