GAMMA Investing LLC Buys 1,167,700 Shares of Johnson Controls International plc (NYSE:JCI)

GAMMA Investing LLC increased its holdings in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 10,137.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,179,219 shares of the company's stock after purchasing an additional 1,167,700 shares during the period. GAMMA Investing LLC owned approximately 0.18% of Johnson Controls International worth $94,467,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in JCI. Compass Financial Services Inc acquired a new position in Johnson Controls International in the 4th quarter valued at approximately $26,000. SBI Securities Co. Ltd. acquired a new position in Johnson Controls International in the 4th quarter valued at approximately $29,000. Crowley Wealth Management Inc. acquired a new position in Johnson Controls International in the 4th quarter valued at approximately $42,000. Gables Capital Management Inc. raised its holdings in Johnson Controls International by 132.0% in the 4th quarter. Gables Capital Management Inc. now owns 580 shares of the company's stock valued at $46,000 after acquiring an additional 330 shares in the last quarter. Finally, Heck Capital Advisors LLC acquired a new position in Johnson Controls International in the 4th quarter valued at approximately $48,000. Institutional investors and hedge funds own 90.05% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on JCI. Wells Fargo & Company upped their price target on Johnson Controls International from $100.00 to $130.00 and gave the company an "overweight" rating in a report on Wednesday. Vertical Research raised Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 price target for the company in a report on Thursday, May 8th. Oppenheimer upped their price target on Johnson Controls International from $90.00 to $96.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Robert W. Baird increased their target price on Johnson Controls International from $84.00 to $90.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Finally, Morgan Stanley increased their target price on Johnson Controls International from $105.00 to $115.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Johnson Controls International currently has an average rating of "Moderate Buy" and an average target price of $97.88.

Johnson Controls International Trading Down 0.1%

JCI traded down $0.07 during mid-day trading on Thursday, reaching $102.27. The stock had a trading volume of 3,363,267 shares, compared to its average volume of 4,284,073. The stock has a market capitalization of $67.30 billion, a P/E ratio of 39.03, a P/E/G ratio of 1.96 and a beta of 1.28. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02. The firm's fifty day simple moving average is $87.45 and its two-hundred day simple moving average is $84.06. Johnson Controls International plc has a 52 week low of $64.31 and a 52 week high of $102.97.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.82 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.05. The firm had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.64 billion. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. The business's quarterly revenue was up 1.4% compared to the same quarter last year. During the same period last year, the company earned $0.78 EPS. On average, equities analysts predict that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 24th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Monday, March 24th. Johnson Controls International's payout ratio is 39.47%.

Insider Buying and Selling at Johnson Controls International

In other news, VP Nathan D. Manning sold 1,422 shares of the firm's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $100.90, for a total transaction of $143,479.80. Following the sale, the vice president now owns 143,282 shares of the company's stock, valued at $14,457,153.80. This trade represents a 0.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Marc Vandiepenbeeck sold 28,289 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $90.92, for a total value of $2,572,035.88. Following the sale, the chief financial officer now directly owns 147,673 shares in the company, valued at approximately $13,426,429.16. This represents a 16.08% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 332,555 shares of company stock valued at $27,989,126. 0.54% of the stock is currently owned by company insiders.

Johnson Controls International 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.