Diamond Hill Capital Management Inc. Cuts Stake in Johnson Controls International plc (NYSE:JCI)

Diamond Hill Capital Management Inc. reduced its stake in Johnson Controls International plc (NYSE:JCI - Free Report) by 10.4% during the third quarter, according to its most recent filing with the SEC. The fund owned 387,717 shares of the company's stock after selling 45,048 shares during the quarter. Diamond Hill Capital Management Inc. owned 0.06% of Johnson Controls International worth $30,091,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JCI. Fortitude Family Office LLC increased its position in shares of Johnson Controls International by 195.8% during the third quarter. Fortitude Family Office LLC now owns 420 shares of the company's stock valued at $33,000 after buying an additional 278 shares during the period. Continuum Advisory LLC increased its position in shares of Johnson Controls International by 65.2% in the second quarter. Continuum Advisory LLC now owns 527 shares of the company's stock worth $35,000 after purchasing an additional 208 shares during the last quarter. Wolff Wiese Magana LLC increased its position in shares of Johnson Controls International by 977.3% in the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company's stock worth $37,000 after purchasing an additional 430 shares during the last quarter. Western Pacific Wealth Management LP bought a new position in shares of Johnson Controls International in the third quarter worth approximately $44,000. Finally, Hexagon Capital Partners LLC boosted its stake in Johnson Controls International by 39.7% in the second quarter. Hexagon Capital Partners LLC now owns 711 shares of the company's stock worth $47,000 after buying an additional 202 shares in the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on JCI shares. Robert W. Baird lifted their price objective on Johnson Controls International from $80.00 to $85.00 and gave the stock a "neutral" rating in a report on Thursday. Morgan Stanley started coverage on Johnson Controls International in a report on Friday, September 6th. They issued an "overweight" rating and a $85.00 price objective for the company. Mizuho lifted their price objective on Johnson Controls International from $62.00 to $75.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. Barclays lifted their price objective on Johnson Controls International from $62.00 to $64.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 2nd. Finally, Royal Bank of Canada lifted their price objective on Johnson Controls International from $81.00 to $86.00 and gave the stock a "sector perform" rating in a report on Thursday. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Johnson Controls International presently has a consensus rating of "Hold" and a consensus price target of $75.64.

Johnson Controls International Trading Up 1.9 %

Johnson Controls International stock traded up $1.65 during trading on Monday, reaching $86.27. 2,413,245 shares of the company were exchanged, compared to its average volume of 4,937,203. Johnson Controls International plc has a 52-week low of $50.60 and a 52-week high of $87.16. The company has a market capitalization of $57.63 billion, a P/E ratio of 33.31, a PEG ratio of 2.46 and a beta of 1.29. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.73. The stock's 50 day simple moving average is $75.32 and its two-hundred day simple moving average is $71.02.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Wednesday, September 25th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $1.48 dividend on an annualized basis and a yield of 1.72%. Johnson Controls International's payout ratio is 58.27%.

Insider Buying and Selling

In related news, CEO George Oliver sold 110,615 shares of the business's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.67, for a total value of $8,038,392.05. Following the sale, the chief executive officer now owns 1,243,751 shares in the company, valued at approximately $90,383,385.17. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Johnson Controls International news, COO Nathan D. Manning sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total transaction of $231,240.00. Following the completion of the sale, the chief operating officer now directly owns 140,488 shares of the company's stock, valued at $10,828,815.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO George Oliver sold 110,615 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $72.67, for a total value of $8,038,392.05. Following the transaction, the chief executive officer now directly owns 1,243,751 shares of the company's stock, valued at approximately $90,383,385.17. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 226,141 shares of company stock worth $16,904,519. 0.69% of the stock is owned by corporate insiders.

Johnson Controls International Company 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.