White Knight Strategic Wealth Advisors LLC Increases Stake in Johnson Controls International plc (NYSE:JCI)

White Knight Strategic Wealth Advisors LLC grew its holdings in Johnson Controls International plc (NYSE:JCI - Free Report) by 100.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,980 shares of the company's stock after acquiring an additional 3,990 shares during the period. White Knight Strategic Wealth Advisors LLC's holdings in Johnson Controls International were worth $630,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of JCI. Compass Financial Services Inc purchased a new stake in Johnson Controls International during the fourth quarter worth $26,000. SBI Securities Co. Ltd. acquired a new stake in shares of Johnson Controls International during the 4th quarter valued at about $29,000. Synergy Asset Management LLC purchased a new position in shares of Johnson Controls International in the 4th quarter valued at about $42,000. Crowley Wealth Management Inc. acquired a new position in Johnson Controls International in the 4th quarter worth about $42,000. Finally, Gables Capital Management Inc. raised its holdings in Johnson Controls International by 132.0% in the 4th quarter. Gables Capital Management Inc. now owns 580 shares of the company's stock worth $46,000 after purchasing an additional 330 shares during the period. Institutional investors and hedge funds own 90.05% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on JCI. Deutsche Bank Aktiengesellschaft raised Johnson Controls International from a "hold" rating to a "buy" rating and raised their price objective for the company from $101.00 to $112.00 in a report on Monday, May 12th. Barclays increased their target price on Johnson Controls International from $85.00 to $90.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 14th. Oppenheimer boosted their price target on shares of Johnson Controls International from $90.00 to $96.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Royal Bank of Canada upped their price objective on shares of Johnson Controls International from $82.00 to $98.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 8th. Finally, Robert W. Baird boosted their target price on shares of Johnson Controls International from $84.00 to $90.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $96.12.

Johnson Controls International Trading Up 0.1%

Johnson Controls International stock traded up $0.11 during trading on Monday, reaching $98.04. 3,224,529 shares of the company were exchanged, compared to its average volume of 4,281,509. The stock's 50 day simple moving average is $84.10 and its two-hundred day simple moving average is $83.03. The company has a market capitalization of $64.51 billion, a P/E ratio of 37.42, a PEG ratio of 1.96 and a beta of 1.28. 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 52-week low of $64.31 and a 52-week high of $98.53.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. The business had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.64 billion. During the same period last year, the company earned $0.78 EPS. The company's revenue for the quarter was up 1.4% on a year-over-year basis. On average, equities research analysts expect that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 24th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.51%. The ex-dividend date was Monday, March 24th. Johnson Controls International's payout ratio is currently 39.47%.

Insiders Place Their Bets

In other news, Director George Oliver sold 15,669 shares of Johnson Controls International stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $77.49, for a total transaction of $1,214,190.81. Following the sale, the director now owns 1,003,893 shares of the company's stock, valued at approximately $77,791,668.57. The trade was a 1.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Marc Vandiepenbeeck sold 28,289 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $90.92, for a total value of $2,572,035.88. Following the completion of the transaction, the chief financial officer now owns 147,673 shares of the company's stock, valued at $13,426,429.16. The trade was a 16.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 460,396 shares of company stock valued at $38,645,569 over the last ninety days. Company 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.