Gamco Investors INC. ET AL Cuts Stock Holdings in Johnson Controls International plc $JCI

Gamco Investors INC. ET AL lowered its position in shares of Johnson Controls International plc (NYSE:JCI) by 11.4% in the first quarter, Holdings Channel.com reports. The fund owned 329,405 shares of the company’s stock after selling 42,375 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Johnson Controls International were worth $43,136,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Compound Planning Inc. boosted its stake in shares of Johnson Controls International by 5.5% in the first quarter. Compound Planning Inc. now owns 10,261 shares of the company’s stock worth $1,344,000 after acquiring an additional 534 shares during the last quarter. Keebeck Wealth Management purchased a new stake in shares of Johnson Controls International during the first quarter worth approximately $254,000. Sei Investments Co. raised its stake in Johnson Controls International by 30.7% in the 1st quarter. Sei Investments Co. now owns 1,065,880 shares of the company’s stock valued at $139,578,000 after purchasing an additional 250,479 shares during the last quarter. Lido Advisors LLC raised its stake in Johnson Controls International by 19.7% in the 1st quarter. Lido Advisors LLC now owns 29,990 shares of the company’s stock valued at $3,937,000 after purchasing an additional 4,930 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in Johnson Controls International by 6.6% in the 1st quarter. Cetera Investment Advisers now owns 225,168 shares of the company’s stock valued at $29,486,000 after purchasing an additional 13,874 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. BNP Paribas Exane assumed coverage on shares of Johnson Controls International in a research note on Tuesday, April 14th. They set an “underperform” rating and a $120.00 target price on the stock. Barclays upped their target price on shares of Johnson Controls International from $136.00 to $144.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Evercore started coverage on shares of Johnson Controls International in a research report on Monday, April 13th. They issued a “hold” rating and a $155.00 target price for the company. Mizuho raised their price target on shares of Johnson Controls International from $130.00 to $140.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $154.00 price target on shares of Johnson Controls International in a research report on Tuesday, June 2nd. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Johnson Controls International presently has a consensus rating of “Moderate Buy” and a consensus target price of $152.85.

Johnson Controls International Stock Performance

Shares of Johnson Controls International stock opened at $143.35 on Friday. Johnson Controls International plc has a one year low of $102.09 and a one year high of $151.18. The company has a market cap of $87.46 billion, a price-to-earnings ratio of 25.64, a PEG ratio of 1.54 and a beta of 1.31. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.85 and a current ratio of 1.04. The business’s 50 day moving average price is $141.84 and its 200 day moving average price is $136.02.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Tuesday, March 31st. The company reported $1.19 earnings per share for the quarter. The company had revenue of $6.14 billion for the quarter. Johnson Controls International had a return on equity of 19.50% and a net margin of 14.45%. On average, research analysts predict that Johnson Controls International plc will post 4.9 EPS for the current year.

Johnson Controls International Dividend Announcement

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

Insider Activity

In other Johnson Controls International news, VP Lei Zhang Schlitz sold 88,809 shares of Johnson Controls International stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $140.99, for a total transaction of $12,521,180.91. Following the transaction, the vice president directly owned 57,059 shares of the company’s stock, valued at $8,044,748.41. The trade was a 60.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Todd M. Grabowski sold 1,800 shares of Johnson Controls International 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 transaction, the vice president directly owned 26,215 shares in the company, valued at $3,832,633. This trade represents a 6.43% 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.

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.