118,910 Shares in Johnson Controls International plc $JCI Acquired by Diamond Hill Capital Management LLC Investment Advisor

Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Johnson Controls International plc (NYSE:JCI) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 118,910 shares of the company’s stock, valued at approximately $17,374,000.

Other hedge funds also recently bought and sold shares of the company. Mcguire Capital Advisors Inc. bought a new stake in shares of Johnson Controls International during the fourth quarter worth $27,000. Twin Tree Management LP grew its holdings in shares of Johnson Controls International by 140.9% in the fourth quarter. Twin Tree Management LP now owns 260 shares of the company’s stock worth $31,000 after purchasing an additional 895 shares during the last quarter. Fourth Dimension Wealth LLC increased its stake in Johnson Controls International by 51.3% in the 2nd quarter. Fourth Dimension Wealth LLC now owns 230 shares of the company’s stock worth $34,000 after buying an additional 78 shares during the period. SJS Investment Consulting Inc. increased its stake in Johnson Controls International by 747.1% in the 1st quarter. SJS Investment Consulting Inc. now owns 288 shares of the company’s stock worth $38,000 after buying an additional 254 shares during the period. Finally, Axiom Investment Management LLC bought a new stake in Johnson Controls International during the 2nd quarter valued at about $41,000. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Performance

Shares of JCI stock opened at $153.73 on Monday. The firm has a market cap of $93.12 billion, a price-to-earnings ratio of 26.74, a PEG ratio of 1.48 and a beta of 1.31. Johnson Controls International plc has a 52-week low of $103.07 and a 52-week high of $157.06. The company has a quick ratio of 0.83, a current ratio of 1.00 and a debt-to-equity ratio of 0.61. The company’s 50 day moving average is $144.91 and its 200 day moving average is $139.93.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Thursday, July 30th. The company reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.12. The company had revenue of $6.61 billion during the quarter, compared to analyst estimates of $6.46 billion. Johnson Controls International had a return on equity of 22.11% and a net margin of 14.32%.Johnson Controls International’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.05 earnings per share. On average, sell-side analysts anticipate that Johnson Controls International plc will post 5.08 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 15th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, June 15th. Johnson Controls International’s payout ratio is presently 27.83%.

Insiders Place Their Bets

In other Johnson Controls International news, VP Lei Zhang Schlitz sold 23,417 shares of Johnson Controls International stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total value of $3,584,440.19. Following the transaction, the vice president owned 15,017 shares in the company, valued at $2,298,652.19. The trade was a 60.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Todd M. Grabowski sold 1,800 shares of the business’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total transaction of $263,160.00. Following the completion of 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 ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. The Goldman Sachs Group upped their target price on shares of Johnson Controls International from $169.00 to $178.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Citigroup increased their price objective on Johnson Controls International from $155.00 to $157.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Barclays raised their price objective on Johnson Controls International from $136.00 to $144.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. UBS Group reaffirmed a “buy” rating on shares of Johnson Controls International in a research report on Thursday, July 30th. Finally, Morgan Stanley upped their target price on Johnson Controls International from $140.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, June 9th. Twelve investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $155.50.

Johnson Controls International Profile

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.