Texas Bank & Trust Co Invests $498,000 in Johnson Controls International plc (NYSE:JCI)

Texas Bank & Trust Co bought a new position in Johnson Controls International plc (NYSE:JCI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 6,315 shares of the company's stock, valued at approximately $498,000.

Several other large investors have also recently made changes to their positions in the company. Teza Capital Management LLC purchased a new position in shares of Johnson Controls International during the fourth quarter valued at approximately $1,106,000. Tidal Investments LLC raised its stake in Johnson Controls International by 455.8% in the fourth quarter. Tidal Investments LLC now owns 316,847 shares of the company's stock worth $25,009,000 after buying an additional 259,842 shares in the last quarter. Stonebrook Private Inc. raised its stake in Johnson Controls International by 1.6% in the fourth quarter. Stonebrook Private Inc. now owns 27,053 shares of the company's stock worth $2,135,000 after buying an additional 426 shares in the last quarter. Scissortail Wealth Management LLC raised its stake in Johnson Controls International by 16,111.0% in the fourth quarter. Scissortail Wealth Management LLC now owns 61,926 shares of the company's stock worth $4,888,000 after buying an additional 61,544 shares in the last quarter. Finally, Siemens Fonds Invest GmbH raised its stake in Johnson Controls International by 610.7% in the fourth quarter. Siemens Fonds Invest GmbH now owns 52,263 shares of the company's stock worth $4,125,000 after buying an additional 44,909 shares in the last quarter. 90.05% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on JCI. Deutsche Bank Aktiengesellschaft raised Johnson Controls International from a "hold" rating to a "buy" rating and upped their price target for the stock from $101.00 to $112.00 in a research report on Monday, May 12th. Vertical Research raised Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 price target on the stock in a research report on Thursday, May 8th. Robert W. Baird upped their price target on Johnson Controls International from $84.00 to $90.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. UBS Group raised Johnson Controls International from a "neutral" rating to a "buy" rating and upped their price target for the stock from $90.00 to $103.00 in a research report on Monday, February 10th. Finally, Melius Research reissued a "hold" rating and issued a $95.00 target price on shares of Johnson Controls International in a research report on Tuesday, January 28th. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $95.35.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, VP Nathan D. Manning sold 1,422 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $86.91, for a total transaction of $123,586.02. Following the transaction, the vice president now directly owns 144,704 shares in the company, valued at approximately $12,576,224.64. This represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director George Oliver sold 184,331 shares of the company's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $79.49, for a total transaction of $14,652,471.19. Following the completion of the sale, the director now directly owns 1,019,562 shares in the company, valued at $81,044,983.38. This trade represents a 15.31% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 460,396 shares of company stock valued at $38,645,569 over the last ninety days. Insiders own 0.54% of the company's stock.

Johnson Controls International Trading Down 0.5%

Shares of NYSE:JCI traded down $0.48 during mid-day trading on Wednesday, reaching $97.17. 5,303,934 shares of the company were exchanged, compared to its average volume of 4,301,562. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86. The firm has a market cap of $63.94 billion, a price-to-earnings ratio of 37.09, a P/E/G ratio of 1.96 and a beta of 1.28. The firm's 50-day simple moving average is $83.10 and its 200 day simple moving average is $82.59. Johnson Controls International plc has a 1 year low of $64.31 and a 1 year high of $98.33.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.77 by $0.05. The company had revenue of $5.68 billion during the quarter, compared to analysts' expectations of $5.64 billion. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. The firm's revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.78 EPS. Equities research analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 24th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, March 24th. This represents a $1.48 annualized dividend and a yield of 1.52%. Johnson Controls International's dividend payout ratio is currently 39.47%.

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.