Gabelli Funds LLC Sells 4,901 Shares of Johnson Controls International plc $JCI

Gabelli Funds LLC lowered its position in Johnson Controls International plc (NYSE:JCI) by 1.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 358,008 shares of the company’s stock after selling 4,901 shares during the period. Gabelli Funds LLC owned about 0.06% of Johnson Controls International worth $46,881,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in JCI. Norges Bank bought a new stake in Johnson Controls International in the 4th quarter worth about $927,739,000. Viking Global Investors LP lifted its position in shares of Johnson Controls International by 368.5% during the 3rd quarter. Viking Global Investors LP now owns 6,796,942 shares of the company’s stock worth $747,324,000 after buying an additional 5,346,130 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Johnson Controls International by 140.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,575,414 shares of the company’s stock worth $483,281,000 after buying an additional 2,675,157 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Johnson Controls International by 13.0% in the 4th quarter. Invesco Ltd. now owns 16,003,486 shares of the company’s stock worth $1,916,417,000 after buying an additional 1,837,220 shares during the last quarter. Finally, Balyasny Asset Management L.P. grew its holdings in shares of Johnson Controls International by 93,932.4% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,809,184 shares of the company’s stock valued at $216,650,000 after acquiring an additional 1,807,260 shares in the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Controls International Trading Up 0.0%

Shares of Johnson Controls International stock opened at $143.35 on Friday. The company’s 50-day moving average price is $141.84 and its 200-day moving average price is $136.02. The company has a current ratio of 1.04, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64. Johnson Controls International plc has a 12-month low of $102.09 and a 12-month high of $151.18. The company has a market cap of $87.46 billion, a price-to-earnings ratio of 25.64, a PEG ratio of 1.54 and a beta of 1.31.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Tuesday, March 31st. The company reported $1.19 EPS for the quarter. The business had revenue of $6.14 billion during the quarter. Johnson Controls International had a return on equity of 19.50% and a net margin of 14.45%. On average, equities analysts expect that Johnson Controls International plc will post 4.9 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 15th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Johnson Controls International’s payout ratio is presently 28.62%.

Insider Activity at Johnson Controls International

In other news, VP Todd M. Grabowski sold 1,800 shares of the stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total value of $263,160.00. Following the transaction, the vice president owned 26,215 shares of the company’s stock, valued at $3,832,633. This represents a 6.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Lei Zhang Schlitz sold 88,809 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $140.99, for a total transaction of $12,521,180.91. Following the sale, the vice president owned 57,059 shares in the company, valued at approximately $8,044,748.41. This trade represents a 60.88% decrease in their position. The SEC filing for this sale provides additional information. 0.29% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have weighed in on JCI. Zacks Research raised Johnson Controls International from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. Wells Fargo & Company lifted their target price on Johnson Controls International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Oppenheimer reissued a “market perform” rating on shares of Johnson Controls International in a report on Tuesday, June 2nd. Wolfe Research restated an “outperform” rating and set a $171.00 price objective on shares of Johnson Controls International in a report on Wednesday, June 3rd. Finally, Morgan Stanley lifted their price objective on shares of Johnson Controls International from $140.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $152.85.

About Johnson Controls International

Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.

Johnson Controls’ product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.