Diamond Hill Capital Management Inc. Decreases Stock Position in Johnson Controls International plc (NYSE:JCI)

Diamond Hill Capital Management Inc. lowered its holdings in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 12.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 339,513 shares of the company's stock after selling 48,204 shares during the quarter. Diamond Hill Capital Management Inc. owned 0.05% of Johnson Controls International worth $26,798,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of JCI. Compass Financial Services Inc purchased a new stake in shares of Johnson Controls International in the 4th quarter worth $26,000. SBI Securities Co. Ltd. bought a new position in shares of Johnson Controls International in the 4th quarter worth $29,000. Synergy Asset Management LLC acquired a new position in Johnson Controls International during the 4th quarter valued at about $42,000. ST Germain D J Co. Inc. increased its position in Johnson Controls International by 32.8% during the 4th quarter. ST Germain D J Co. Inc. now owns 543 shares of the company's stock valued at $43,000 after buying an additional 134 shares in the last quarter. Finally, Gables Capital Management Inc. increased its holdings in shares of Johnson Controls International by 132.0% in the fourth quarter. Gables Capital Management Inc. now owns 580 shares of the company's stock valued at $46,000 after purchasing an additional 330 shares during the period. Hedge funds and other institutional investors own 90.05% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on JCI. Barclays cut their price objective on Johnson Controls International from $88.00 to $85.00 and set an "equal weight" rating on the stock in a report on Monday, March 10th. JPMorgan Chase & Co. upped their target price on Johnson Controls International from $87.00 to $100.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Wells Fargo & Company upped their target price on Johnson Controls International from $92.00 to $98.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. UBS Group upgraded Johnson Controls International from a "neutral" rating to a "buy" rating and increased their price target for the stock from $90.00 to $103.00 in a research report on Monday, February 10th. Finally, Royal Bank of Canada increased their price target on Johnson Controls International from $86.00 to $93.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $91.27.

Remove Ads

Insider Transactions at Johnson Controls International

In other news, VP Nathan D. Manning sold 1,421 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $76.44, for a total transaction of $108,621.24. Following the completion of the transaction, the vice president now directly owns 148,346 shares in the company, valued at $11,339,568.24. This trade represents a 0.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director George Oliver sold 15,669 shares of the firm's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $77.49, for a total value of $1,214,190.81. Following the transaction, the director now owns 1,003,893 shares of the company's stock, valued at approximately $77,791,668.57. This represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 906,050 shares of company stock worth $77,839,329 over the last ninety days. Company insiders own 0.54% of the company's stock.

Johnson Controls International Trading Up 0.1 %

JCI stock traded up $0.07 during midday trading on Tuesday, hitting $81.58. 4,735,976 shares of the company's stock were exchanged, compared to its average volume of 4,170,572. The business has a 50-day simple moving average of $82.45 and a two-hundred day simple moving average of $79.87. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $53.86 billion, a PE ratio of 31.14, a P/E/G ratio of 1.96 and a beta of 1.32. Johnson Controls International plc has a 1-year low of $59.83 and a 1-year high of $91.14.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. On average, sell-side analysts predict that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 24th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a $1.48 annualized dividend and a dividend yield of 1.81%. Johnson Controls International's dividend payout ratio is currently 56.49%.

Johnson Controls International 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.