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

Gabelli Funds LLC lowered its position in Johnson Controls International plc (NYSE:JCI) by 3.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 424,822 shares of the company’s stock after selling 15,670 shares during the quarter. Gabelli Funds LLC’s holdings in Johnson Controls International were worth $33,531,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in Johnson Controls International in the 4th quarter valued at about $568,309,000. Norges Bank bought a new position in shares of Johnson Controls International during the 4th quarter worth approximately $560,549,000. Invesco Ltd. increased its holdings in shares of Johnson Controls International by 13.2% during the 4th quarter. Invesco Ltd. now owns 18,407,597 shares of the company’s stock worth $1,452,912,000 after acquiring an additional 2,150,573 shares during the last quarter. Amundi raised its stake in Johnson Controls International by 76.7% in the 4th quarter. Amundi now owns 3,870,478 shares of the company’s stock valued at $309,422,000 after acquiring an additional 1,680,431 shares during the period. Finally, Franklin Resources Inc. boosted its position in Johnson Controls International by 6.0% during the fourth quarter. Franklin Resources Inc. now owns 23,344,374 shares of the company’s stock worth $1,842,571,000 after purchasing an additional 1,325,500 shares during the period. Institutional investors own 90.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. 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. Melius Research reaffirmed a “hold” rating and set a $95.00 price target on shares of Johnson Controls International in a research report on Tuesday, January 28th. JPMorgan Chase & Co. lowered 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 report on Tuesday, April 8th. Morgan Stanley raised their price objective on Johnson Controls International from $95.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, Royal Bank of Canada upped their target price on Johnson Controls International from $86.00 to $93.00 and gave the company a “sector perform” rating in a research report on Thursday, February 6th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Johnson Controls International presently has a consensus rating of “Moderate Buy” and an average target price of $90.07.

Johnson Controls International Price Performance

Shares of JCI opened at $78.52 on Tuesday. The business has a 50-day simple moving average of $82.19 and a two-hundred day simple moving average of $80.83. Johnson Controls International plc has a 12-month low of $59.83 and a 12-month high of $91.14. The stock has a market cap of $51.83 billion, a PE ratio of 29.97, a PEG 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.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Wednesday, February 5th. The company reported $0.64 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%. 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 business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 24th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend is Monday, March 24th. Johnson Controls International’s payout ratio is presently 56.49%.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, VP Nathan D. Manning sold 1,421 shares of the 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 sale, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director George Oliver sold 15,669 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was 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 $77,791,668.57. This trade represents a 1.54 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 907,286 shares of company stock worth $77,938,071. Insiders own 0.54% of the company’s stock.

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.