Gabelli Funds LLC Has $33.53 Million Holdings in Johnson Controls International plc (NYSE:JCI)

Gabelli Funds LLC decreased its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 3.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 424,822 shares of the company's stock after selling 15,670 shares during the period. Gabelli Funds LLC owned approximately 0.06% of Johnson Controls International worth $33,531,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Park Avenue Securities LLC lifted its position in Johnson Controls International by 101.5% in the fourth quarter. Park Avenue Securities LLC now owns 26,517 shares of the company's stock worth $2,093,000 after purchasing an additional 13,360 shares during the period. Certuity LLC purchased a new position in shares of Johnson Controls International during the fourth quarter valued at $243,000. BNC Wealth Management LLC acquired a new stake in Johnson Controls International during the 4th quarter worth about $2,093,000. Seros Financial LLC purchased a new position in Johnson Controls International during the 4th quarter valued at about $561,000. Finally, Czech National Bank lifted its position in shares of Johnson Controls International by 6.4% in the fourth quarter. Czech National Bank now owns 144,839 shares of the company's stock worth $11,432,000 after purchasing an additional 8,758 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company increased their target price on shares of Johnson Controls International from $92.00 to $98.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Morgan Stanley increased their price target on Johnson Controls International from $95.00 to $105.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. JPMorgan Chase & Co. lowered their price target on Johnson Controls International from $100.00 to $81.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Royal Bank of Canada increased their target price on Johnson Controls International from $86.00 to $93.00 and gave the company a "sector perform" rating in a research note on Thursday, February 6th. Finally, Argus upgraded Johnson Controls International from a "hold" rating to a "buy" rating and set a $88.00 price target for the company in a report on Friday, December 20th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, Johnson Controls International currently has an average rating of "Moderate Buy" and an average target price of $90.07.

Insider Transactions at Johnson Controls International

In related news, VP Daniel C. Mcconeghy sold 1,950 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $87.73, for a total value of $171,073.50. Following the sale, the vice president now directly owns 24,803 shares in the company, valued at $2,175,967.19. This trade represents a 7.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Nathan D. Manning sold 1,422 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $79.72, for a total transaction of $113,361.84. Following the transaction, the vice president now owns 145,502 shares of the company's stock, valued at approximately $11,599,419.44. This represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 907,286 shares of company stock worth $77,938,071 in the last three months. Insiders own 0.54% of the company's stock.

Johnson Controls International Trading Up 0.1 %

NYSE:JCI traded up $0.11 during trading hours on Friday, hitting $76.77. 4,893,466 shares of the stock were exchanged, compared to its average volume of 4,472,177. The company has a market capitalization of $50.68 billion, a P/E ratio of 29.30, a price-to-earnings-growth ratio of 1.96 and a beta of 1.22. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. The company's 50 day moving average is $81.28 and its two-hundred day moving average is $80.78. Johnson Controls International plc has a twelve month low of $59.83 and a twelve month high of $91.14.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating 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 anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 24th were issued 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 1.93%. Johnson Controls International's dividend payout ratio is currently 56.49%.

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.