Scissortail Wealth Management LLC Raises Stake in Johnson Controls International plc (NYSE:JCI)

Scissortail Wealth Management LLC increased its holdings in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 16,111.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 61,926 shares of the company's stock after purchasing an additional 61,544 shares during the quarter. Johnson Controls International makes up about 1.3% of Scissortail Wealth Management LLC's investment portfolio, making the stock its 27th biggest holding. Scissortail Wealth Management LLC's holdings in Johnson Controls International were worth $4,888,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Gilbert & Cook Inc. raised its position in shares of Johnson Controls International by 2.0% in the fourth quarter. Gilbert & Cook Inc. now owns 6,458 shares of the company's stock valued at $510,000 after purchasing an additional 127 shares during the period. Jackson Hole Capital Partners LLC raised its stake in Johnson Controls International by 0.7% in the 4th quarter. Jackson Hole Capital Partners LLC now owns 18,621 shares of the company's stock worth $1,470,000 after purchasing an additional 127 shares in the last quarter. Brooklyn Investment Group raised its stake in Johnson Controls International by 3.1% in the 4th quarter. Brooklyn Investment Group now owns 4,444 shares of the company's stock worth $351,000 after purchasing an additional 135 shares in the last quarter. Trust Co. of Vermont raised its stake in Johnson Controls International by 10.4% in the 4th quarter. Trust Co. of Vermont now owns 1,488 shares of the company's stock worth $117,000 after purchasing an additional 140 shares in the last quarter. Finally, Catalyst Financial Partners LLC raised its stake in Johnson Controls International by 4.8% in the 4th quarter. Catalyst Financial Partners LLC now owns 3,154 shares of the company's stock worth $249,000 after purchasing an additional 144 shares in the last quarter. 90.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

JCI has been the topic of several research reports. Citigroup decreased their price target on shares of Johnson Controls International from $95.00 to $85.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Morgan Stanley upped their target price on shares of Johnson Controls International from $105.00 to $115.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Robert W. Baird increased 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 report on Thursday, May 8th. Barclays raised their price objective on shares of 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. Finally, Melius lowered shares of Johnson Controls International from a "buy" rating to a "hold" rating and set a $95.00 price objective for the company. in a research report on Tuesday, January 28th. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $95.35.

Insider Transactions at Johnson Controls International

In other news, Director George Oliver sold 184,331 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $79.49, for a total transaction of $14,652,471.19. Following the sale, the director now owns 1,019,562 shares in the company, valued at approximately $81,044,983.38. The trade was a 15.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Marc Vandiepenbeeck sold 28,289 shares of the business's stock in a transaction dated 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 sale, the chief financial officer now owns 147,673 shares in the company, valued at $13,426,429.16. The trade was a 16.08% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 460,396 shares of company stock worth $38,645,569. Insiders own 0.54% of the company's stock.

Johnson Controls International Trading Down 0.3%

NYSE JCI traded down $0.25 on Tuesday, hitting $97.61. 3,542,305 shares of the stock were exchanged, compared to its average volume of 4,326,892. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02. The stock has a fifty day moving average price of $82.69 and a two-hundred day moving average price of $82.48. The firm has a market capitalization of $64.23 billion, a P/E ratio of 37.26, a P/E/G ratio of 1.96 and a beta of 1.28. Johnson Controls International plc has a 52-week low of $64.31 and a 52-week high of $98.33.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate 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 earnings per share. The business's revenue for the quarter was up 1.4% compared to the same quarter last year. Research analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 24th were paid a $0.37 dividend. 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 (DPR) is presently 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.