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

Gabelli Funds LLC reduced its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 1.4% during the first quarter, Holdings Channel reports. The fund owned 358,008 shares of the company’s stock after selling 4,901 shares during the period. Gabelli Funds LLC’s holdings in Johnson Controls International were worth $46,881,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in JCI. Maseco LLP lifted its stake in Johnson Controls International by 102.9% in the fourth quarter. Maseco LLP now owns 211 shares of the company’s stock worth $25,000 after purchasing an additional 107 shares during the last quarter. Mcguire Capital Advisors Inc. bought a new position in Johnson Controls International during the 4th quarter worth approximately $27,000. Twin Tree Management LP increased its stake in Johnson Controls International by 140.9% in the 4th 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 period. YANKCOM Partnership purchased a new position in Johnson Controls International in the 4th quarter worth approximately $34,000. Finally, SJS Investment Consulting Inc. lifted its position in Johnson Controls International by 747.1% in the first quarter. SJS Investment Consulting Inc. now owns 288 shares of the company’s stock valued at $38,000 after purchasing an additional 254 shares during the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on JCI. Zacks Research raised Johnson Controls International from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. Morgan Stanley upped their price target on shares of Johnson Controls International from $140.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, June 9th. Wells Fargo & Company increased their price target on shares of Johnson Controls International from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Citigroup raised their price target on shares of Johnson Controls International from $150.00 to $155.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Finally, Jefferies Financial Group boosted their price objective on shares of Johnson Controls International from $125.00 to $135.00 and gave the company a “hold” rating in a research report on Wednesday, April 15th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $152.85.

Johnson Controls International Stock Up 0.0%

Shares of NYSE JCI opened at $143.35 on Friday. 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 firm has a market capitalization of $87.46 billion, a PE ratio of 25.64, a price-to-earnings-growth ratio of 1.54 and a beta of 1.31. The firm has a fifty day simple moving average of $141.84 and a two-hundred day simple moving average of $136.02.

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

Johnson Controls International Announces Dividend

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

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.