Diamond Hill Capital Management Inc. Has $28.77 Million Stock Holdings in Johnson Controls International plc (NYSE:JCI)

Diamond Hill Capital Management Inc. decreased its position in Johnson Controls International plc (NYSE:JCI) by 24.8% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 432,765 shares of the company’s stock after selling 142,391 shares during the period. Diamond Hill Capital Management Inc.’s holdings in Johnson Controls International were worth $28,766,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in JCI. Gilbert & Cook Inc. raised its position in shares of Johnson Controls International by 4.9% during the fourth quarter. Gilbert & Cook Inc. now owns 7,115 shares of the company’s stock worth $410,000 after purchasing an additional 334 shares during the period. Principal Securities Inc. acquired a new stake in Johnson Controls International during the 4th quarter worth approximately $168,000. NorthRock Partners LLC bought a new position in Johnson Controls International in the fourth quarter valued at approximately $215,000. Level Four Advisory Services LLC boosted its holdings in shares of Johnson Controls International by 52.6% in the fourth quarter. Level Four Advisory Services LLC now owns 15,593 shares of the company’s stock valued at $899,000 after buying an additional 5,374 shares during the period. Finally, ING Groep NV increased its position in shares of Johnson Controls International by 2.9% during the fourth quarter. ING Groep NV now owns 274,138 shares of the company’s stock worth $15,801,000 after acquiring an additional 7,730 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Insiders Place Their Bets

In related news, COO Nathan D. Manning sold 1,167 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $70.71, for a total value of $82,518.57. Following the transaction, the chief operating officer now directly owns 103,866 shares in the company, valued at $7,344,364.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 4,245 shares of company stock worth $295,442 in the last 90 days. Company insiders own 0.69% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on JCI shares. Royal Bank of Canada raised shares of Johnson Controls International from an “underperform” rating to a “sector perform” rating and upped their target price for the stock from $61.00 to $69.00 in a research note on Wednesday, August 14th. Barclays decreased their price objective on Johnson Controls International from $62.00 to $61.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Robert W. Baird boosted their target price on Johnson Controls International from $72.00 to $78.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. StockNews.com raised shares of Johnson Controls International from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Finally, Wells Fargo & Company lifted their price objective on shares of Johnson Controls International from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Johnson Controls International currently has a consensus rating of “Hold” and an average target price of $70.21.

Johnson Controls International Price Performance

NYSE:JCI opened at $72.55 on Friday. The company has a market cap of $48.46 billion, a P/E ratio of 29.37, a P/E/G ratio of 1.87 and a beta of 1.29. The firm’s fifty day moving average price is $69.46 and its two-hundred day moving average price is $67.32. Johnson Controls International plc has a one year low of $47.90 and a one year high of $75.36. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.96 and a quick ratio of 0.73.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.06. Johnson Controls International had a net margin of 6.02% and a return on equity of 13.64%. The business had revenue of $7.23 billion for the quarter, compared to analyst estimates of $7.53 billion. During the same quarter in the prior year, the business earned $1.03 EPS. Johnson Controls International’s quarterly revenue was up 1.4% on a year-over-year basis. Equities analysts expect that Johnson Controls International plc will post 3.67 earnings per share for the current year.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Wednesday, September 25th. Johnson Controls International’s dividend payout ratio is 59.92%.

Johnson Controls International Company Profile

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.