Johnson Controls International plc (NYSE:JCI) Shares Sold by Black Cypress Capital Management LLC

Black Cypress Capital Management LLC reduced its holdings in Johnson Controls International plc (NYSE:JCI - Free Report) by 3.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and 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 makes up 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 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of JCI. Park Avenue Securities LLC grew its stake in shares of Johnson Controls International by 101.5% in the 4th quarter. Park Avenue Securities LLC now owns 26,517 shares of the company's stock valued at $2,093,000 after buying an additional 13,360 shares during the period. Certuity LLC acquired a new stake in Johnson Controls International during the fourth quarter worth $243,000. BNC Wealth Management LLC purchased a new stake in Johnson Controls International in the fourth quarter valued at $2,093,000. Seros Financial LLC acquired a new position in shares of Johnson Controls International in the 4th quarter valued at $561,000. Finally, Czech National Bank grew its holdings in shares of Johnson Controls International by 6.4% during the 4th quarter. Czech National Bank now owns 144,839 shares of the company's stock worth $11,432,000 after purchasing an additional 8,758 shares during the period. Hedge funds and other institutional investors own 90.05% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on JCI shares. Citigroup decreased their target price on shares of Johnson Controls International from $95.00 to $85.00 and set a "neutral" rating on the stock in a research report on Monday. Barclays dropped their target price on shares of Johnson Controls International from $88.00 to $85.00 and set an "equal weight" rating for the company in a report on Monday, March 10th. Melius Research restated a "hold" rating and set a $95.00 price target on shares of Johnson Controls International in a research note on Tuesday, January 28th. Argus upgraded Johnson Controls International from a "hold" rating to a "buy" rating and set a $88.00 price target for the company in a research report on Friday, December 20th. Finally, Wells Fargo & Company boosted their price objective on Johnson Controls International from $92.00 to $98.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $90.07.

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Insider Activity at Johnson Controls International

In other news, CEO George Oliver sold 162,894 shares of Johnson Controls International stock in a transaction on Friday, February 14th. The shares were sold at an average price of $89.28, for a total value of $14,543,176.32. Following the transaction, the chief executive officer now directly owns 1,203,893 shares of the company's stock, valued at $107,483,567.04. The trade was a 11.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $79.72, for a total transaction of $113,361.84. Following the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold 907,286 shares of company stock valued at $77,938,071 in the last ninety days. Insiders own 0.54% of the company's stock.

Johnson Controls International Stock Up 0.2 %

Shares of NYSE:JCI traded up $0.14 during trading hours on Tuesday, reaching $78.64. The stock had a trading volume of 3,519,282 shares, compared to its average volume of 4,464,707. Johnson Controls International plc has a 1 year low of $59.83 and a 1 year high of $91.14. The firm's 50 day moving average is $82.19 and its 200-day moving average is $80.83. The stock has a market capitalization of $51.91 billion, a price-to-earnings ratio of 30.01, 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 quick ratio of 0.86 and a current ratio of 1.02.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its quarterly 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 return on equity of 15.11% and a net margin of 6.83%. Research analysts predict 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 announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 24th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Monday, March 24th. Johnson Controls International's payout ratio is 56.49%.

Johnson Controls International Company 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.