Johnson Controls International plc (NYSE:JCI) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC cut its holdings in Johnson Controls International plc (NYSE:JCI - Free Report) by 13.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 440,373 shares of the company's stock after selling 68,339 shares during the quarter. Guggenheim Capital LLC owned about 0.07% of Johnson Controls International worth $34,759,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Barclays PLC lifted its position in Johnson Controls International by 6.7% during the 3rd quarter. Barclays PLC now owns 1,685,322 shares of the company's stock worth $130,797,000 after acquiring an additional 105,194 shares during the period. World Investment Advisors LLC acquired a new stake in shares of Johnson Controls International during the third quarter worth $5,361,000. Sfmg LLC purchased a new position in Johnson Controls International in the 3rd quarter valued at $210,000. Wilmington Savings Fund Society FSB grew its position in Johnson Controls International by 27.6% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 223,989 shares of the company's stock valued at $17,384,000 after buying an additional 48,416 shares during the last quarter. Finally, Peapack Gladstone Financial Corp increased its stake in Johnson Controls International by 8.6% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 9,669 shares of the company's stock valued at $751,000 after buying an additional 763 shares during the period. Institutional investors and hedge funds own 90.05% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on JCI shares. Melius lowered shares of Johnson Controls International from a "buy" rating to a "hold" rating and set a $95.00 price target on the stock. in a research note on Tuesday, January 28th. Wells Fargo & Company boosted their target price on Johnson Controls International from $92.00 to $98.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. UBS Group raised Johnson Controls International from a "neutral" rating to a "buy" rating and raised their price target for the company from $90.00 to $103.00 in a report on Monday, February 10th. Citigroup dropped their price objective on Johnson Controls International from $95.00 to $85.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Finally, JPMorgan Chase & Co. decreased their target price on shares of 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. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $90.07.

Insider Activity

In related news, VP Nathan D. Manning sold 1,421 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The shares were 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 owns 148,346 shares of the company's stock, valued at approximately $11,339,568.24. This represents a 0.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director George Oliver sold 15,669 shares of Johnson Controls International stock in a transaction on Friday, March 14th. The shares were sold at an average price of $77.49, for a total transaction of $1,214,190.81. Following the completion of the transaction, the director now owns 1,003,893 shares in the company, valued at approximately $77,791,668.57. This trade represents a 1.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 907,286 shares of company stock valued at $77,938,071 over the last quarter. Company insiders own 0.54% of the company's stock.

Johnson Controls International Price Performance

Shares of JCI traded up $0.11 during trading hours on Friday, reaching $76.77. 4,893,466 shares of the company traded hands, compared to its average volume of 4,469,172. The stock has a market capitalization of $50.68 billion, a PE ratio of 29.30, a price-to-earnings-growth ratio of 1.96 and a beta of 1.22. The stock has a fifty day simple moving average of $81.28 and a 200 day simple moving average of $80.81. Johnson Controls International plc has a fifty-two week low of $59.83 and a fifty-two week high of $91.14. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its quarterly 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 net margin of 6.83% and a return on equity of 15.11%. As a group, research analysts predict that Johnson Controls International plc will post 3.64 EPS 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. Stockholders of record on Monday, March 24th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend was Monday, March 24th. Johnson Controls International's dividend payout ratio (DPR) is 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.