Gabelli Funds LLC Has $43.46 Million Stock Position in Johnson Controls International plc $JCI

Gabelli Funds LLC decreased its position in Johnson Controls International plc (NYSE:JCI) by 1.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 362,909 shares of the company’s stock after selling 3,701 shares during the period. Gabelli Funds LLC’s holdings in Johnson Controls International were worth $43,458,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Catalyst Financial Partners LLC grew its holdings in shares of Johnson Controls International by 2.5% in the 3rd quarter. Catalyst Financial Partners LLC now owns 3,398 shares of the company’s stock valued at $374,000 after buying an additional 84 shares during the period. Millstone Evans Group LLC grew its holdings in shares of Johnson Controls International by 2.6% in the 4th quarter. Millstone Evans Group LLC now owns 3,427 shares of the company’s stock valued at $410,000 after buying an additional 87 shares during the period. apricus wealth LLC grew its holdings in shares of Johnson Controls International by 3.1% in the 4th quarter. apricus wealth LLC now owns 2,946 shares of the company’s stock valued at $353,000 after buying an additional 89 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Johnson Controls International by 12.6% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 860 shares of the company’s stock valued at $95,000 after buying an additional 96 shares during the period. Finally, MainStreet Investment Advisors LLC grew its holdings in shares of Johnson Controls International by 4.7% in the 3rd quarter. MainStreet Investment Advisors LLC now owns 2,230 shares of the company’s stock valued at $245,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.

Johnson Controls International Trading Down 0.0%

JCI opened at $143.01 on Monday. The stock has a market capitalization of $87.25 billion, a P/E ratio of 25.58, a P/E/G ratio of 1.58 and a beta of 1.37. Johnson Controls International plc has a 12 month low of $96.01 and a 12 month high of $147.32. The firm’s fifty day simple moving average is $137.41 and its 200 day simple moving average is $127.53. 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 (NYSE:JCI) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $1.19 EPS for the quarter. The business had revenue of $6.14 billion for the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. As a group, research analysts anticipate that Johnson Controls International plc will post 4.87 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Monday, March 16th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Monday, March 16th. Johnson Controls International’s payout ratio is currently 28.62%.

Insider Buying and Selling at Johnson Controls International

In related news, VP Lei Zhang Schlitz sold 88,809 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $140.99, for a total value of $12,521,180.91. Following the sale, the vice president directly owned 57,059 shares of the company’s stock, valued at approximately $8,044,748.41. The trade was a 60.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Daniel C. Mcconeghy sold 3,600 shares of the business’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $142.56, for a total transaction of $513,216.00. Following the completion of the sale, the vice president directly owned 24,273 shares in the company, valued at $3,460,358.88. This represents a 12.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.29% of the company’s stock.

Wall Street Analyst Weigh In

JCI has been the subject of several research analyst reports. Wells Fargo & Company boosted their price target on shares of Johnson Controls International from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Wall Street Zen raised shares of Johnson Controls International from a “hold” rating to a “buy” rating in a report on Sunday, May 3rd. Citigroup boosted their price target on shares of Johnson Controls International from $150.00 to $155.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Mizuho boosted their price target on shares of Johnson Controls International from $130.00 to $140.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Finally, Robert W. Baird boosted their price objective on shares of Johnson Controls International from $132.00 to $148.00 and gave the company a “neutral” rating in a research report on Monday, April 27th. Eleven analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Johnson Controls International currently has a consensus rating of “Hold” and a consensus price target of $147.63.

Johnson Controls International Company 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.