Guggenheim Capital LLC Sells 68,339 Shares of Johnson Controls International plc (NYSE:JCI)

Guggenheim Capital LLC decreased its holdings in Johnson Controls International plc (NYSE:JCI) by 13.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 440,373 shares of the company’s stock after selling 68,339 shares during the period. Guggenheim Capital LLC’s holdings in Johnson Controls International were worth $34,759,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JCI. Tribune Investment Group LP acquired a new position in Johnson Controls International in the fourth quarter worth about $9,866,000. CreativeOne Wealth LLC lifted its position in shares of Johnson Controls International by 72.1% during the 4th quarter. CreativeOne Wealth LLC now owns 7,265 shares of the company’s stock worth $573,000 after buying an additional 3,044 shares during the period. Mariner LLC boosted its stake in Johnson Controls International by 16.0% in the 4th quarter. Mariner LLC now owns 154,391 shares of the company’s stock valued at $12,186,000 after buying an additional 21,339 shares in the last quarter. SageView Advisory Group LLC grew its position in Johnson Controls International by 129.2% in the fourth quarter. SageView Advisory Group LLC now owns 7,111 shares of the company’s stock valued at $561,000 after acquiring an additional 4,008 shares during the period. Finally, Synovus Financial Corp bought a new stake in Johnson Controls International in the fourth quarter valued at $225,000. 90.05% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. UBS Group upgraded shares of Johnson Controls International from a “neutral” rating to a “buy” rating and boosted their target price for the company from $90.00 to $103.00 in a research note on Monday, February 10th. Barclays reduced their price target on shares of Johnson Controls International from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Monday, March 10th. Melius Research reaffirmed a “hold” rating and set a $95.00 price objective on shares of Johnson Controls International in a research note on Tuesday, January 28th. JPMorgan Chase & Co. reduced their target price on Johnson Controls International from $100.00 to $81.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Finally, Argus raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a report on Friday, December 20th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Johnson Controls International presently has an average rating of “Moderate Buy” and an average target price of $90.07.

Insiders Place Their Bets

In related news, VP Nathan D. Manning sold 1,421 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $76.44, for a total value of $108,621.24. Following the completion of the sale, the vice president now owns 148,346 shares in the company, valued at $11,339,568.24. This represents a 0.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director George Oliver sold 15,669 shares of the firm’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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over 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 Stock Performance

Shares of NYSE:JCI opened at $78.52 on Tuesday. The stock has a market capitalization of $51.83 billion, a P/E ratio of 29.97, a P/E/G ratio of 1.96 and a beta of 1.22. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. Johnson Controls International plc has a 1-year low of $59.83 and a 1-year high of $91.14. The business has a 50-day moving average price of $82.19 and a two-hundred day moving average price of $80.83.

Johnson Controls International (NYSE:JCI) last released its earnings results on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. Equities analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Announces Dividend

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 paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.88%. The ex-dividend date is Monday, March 24th. Johnson Controls International’s payout ratio 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.