Scissortail Wealth Management LLC Takes $3.97 Million Position in Johnson Controls International plc (NYSE:JCI)

Scissortail Wealth Management LLC acquired a new stake in shares of Johnson Controls International plc (NYSE:JCI) during the 4th quarter, Holdings Channel reports. The fund acquired 70,120 shares of the company’s stock, valued at approximately $3,972,000. Johnson Controls International makes up 1.3% of Scissortail Wealth Management LLC’s holdings, making the stock its 24th biggest holding.

Several other institutional investors and hedge funds have also modified their holdings of JCI. Norges Bank purchased a new position in shares of Johnson Controls International during the fourth quarter valued at approximately $419,897,000. Morgan Stanley lifted its stake in shares of Johnson Controls International by 40.7% during the fourth quarter. Morgan Stanley now owns 9,990,590 shares of the company’s stock valued at $639,398,000 after buying an additional 2,890,395 shares during the period. Qube Research & Technologies Ltd lifted its stake in shares of Johnson Controls International by 178.1% during the third quarter. Qube Research & Technologies Ltd now owns 2,287,801 shares of the company’s stock valued at $121,734,000 after buying an additional 1,465,136 shares during the period. Renaissance Technologies LLC purchased a new position in shares of Johnson Controls International during the first quarter valued at approximately $63,435,000. Finally, Barclays PLC lifted its stake in shares of Johnson Controls International by 160.8% during the second quarter. Barclays PLC now owns 1,379,404 shares of the company’s stock valued at $93,992,000 after buying an additional 850,405 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Down 0.3 %

JCI stock traded down $0.18 during mid-day trading on Tuesday, hitting $64.22. 3,655,062 shares of the company were exchanged, compared to its average volume of 5,642,188. The company has a market capitalization of $43.76 billion, a PE ratio of 20.92, a price-to-earnings-growth ratio of 1.64 and a beta of 1.24. The company has a current ratio of 0.97, a quick ratio of 0.73 and a debt-to-equity ratio of 0.45. Johnson Controls International plc has a twelve month low of $47.90 and a twelve month high of $70.43. The firm has a fifty day simple moving average of $61.20 and a 200 day simple moving average of $56.16.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Tuesday, January 30th. The company reported $0.51 earnings per share for the quarter, hitting the consensus estimate of $0.51. The company had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.94 billion. Johnson Controls International had a net margin of 7.85% and a return on equity of 13.08%. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period last year, the business earned $0.67 EPS. On average, research analysts forecast that Johnson Controls International plc will post 3.61 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 19th. Stockholders of record on Monday, March 25th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.30%. The ex-dividend date is Friday, March 22nd. Johnson Controls International’s dividend payout ratio (DPR) is presently 48.21%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on JCI shares. TheStreet raised shares of Johnson Controls International from a “c+” rating to a “b-” rating in a research note on Tuesday, December 26th. Barclays increased their price target on shares of Johnson Controls International from $59.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 2nd. StockNews.com downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Thursday, January 25th. Mizuho downgraded shares of Johnson Controls International from a “buy” rating to a “neutral” rating and set a $62.00 price target on the stock. in a research note on Friday, February 23rd. Finally, Argus downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Tuesday, February 20th. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Johnson Controls International has an average rating of “Hold” and an average target price of $64.08.

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.