Black Cypress Capital Management LLC Has $7.91 Million Holdings 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% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 100,205 shares of the company’s stock after selling 3,804 shares during the quarter. Johnson Controls International accounts for 6.9% of Black Cypress Capital Management LLC’s portfolio, making the stock its 4th largest position. Black Cypress Capital Management LLC’s holdings in Johnson Controls International were worth $7,909,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Compass Financial Services Inc purchased a new position in shares of Johnson Controls International during the 4th quarter worth $26,000. SBI Securities Co. Ltd. purchased a new position in Johnson Controls International during the fourth quarter valued at $29,000. Synergy Asset Management LLC bought a new stake in Johnson Controls International during the fourth quarter valued at about $42,000. Crowley Wealth Management Inc. purchased a new stake in Johnson Controls International in the fourth quarter worth about $42,000. Finally, ST Germain D J Co. Inc. raised 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 worth $43,000 after buying an additional 134 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analyst Ratings Changes

JCI has been the subject of a number of recent research reports. 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 note on Tuesday, January 28th. Morgan Stanley increased their price objective on shares of Johnson Controls International from $95.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Wells Fargo & Company lifted their target price on shares of Johnson Controls International from $92.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Argus raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a report on Friday, December 20th. Finally, Melius Research restated a “hold” rating and issued a $95.00 price objective on shares of Johnson Controls International in a research report on Tuesday, January 28th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Johnson Controls International presently has an average rating of “Moderate Buy” and an average target price of $90.00.

Insider Activity

In other news, VP Daniel C. Mcconeghy sold 1,950 shares of the 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 in the company, valued at approximately $2,175,967.19. This represents a 7.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Nathan D. Manning sold 1,421 shares of the business’s stock in a transaction 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 transaction, the vice president now owns 148,346 shares of the company’s stock, valued at approximately $11,339,568.24. The trade was a 0.95 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 907,286 shares of company stock valued at $77,938,071. 0.54% of the stock is currently owned by company insiders.

Johnson Controls International Stock Performance

Shares of NYSE:JCI opened at $77.68 on Friday. The firm has a fifty day simple moving average of $82.34 and a two-hundred day simple moving average of $80.79. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $51.28 billion, a P/E ratio of 29.65, a PEG ratio of 1.96 and a beta of 1.22. Johnson Controls International plc has a 52 week low of $59.83 and a 52 week high of $91.14.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating 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%. On average, analysts expect that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 24th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Monday, March 24th. Johnson Controls International’s dividend payout ratio (DPR) is 56.49%.

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.