Diamond Hill Capital Management Inc. Has $26.25 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 - Free Report) by 3.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 327,626 shares of the company's stock after selling 11,887 shares during the period. Diamond Hill Capital Management Inc.'s holdings in Johnson Controls International were worth $26,246,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of JCI. Cornerstone Planning Group LLC lifted its position in Johnson Controls International by 74.5% during the first quarter. Cornerstone Planning Group LLC now owns 363 shares of the company's stock valued at $28,000 after purchasing an additional 155 shares during the period. Community Bank N.A. purchased a new position in shares of Johnson Controls International in the 1st quarter worth $32,000. Rossby Financial LCC purchased a new stake in Johnson Controls International during the first quarter valued at $42,000. Bartlett & CO. Wealth Management LLC purchased a new stake in Johnson Controls International during the first quarter valued at $43,000. Finally, Heck Capital Advisors LLC bought a new position in Johnson Controls International in the fourth quarter valued at about $48,000. 90.05% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, VP Anuruddha Rathninde sold 15,000 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $103.13, for a total value of $1,546,950.00. Following the completion of the sale, the vice president directly owned 42,574 shares of the company's stock, valued at $4,390,656.62. This trade represents a 26.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director George Oliver sold 100,000 shares of the company's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $91.70, for a total transaction of $9,170,000.00. Following the transaction, the director owned 904,305 shares in the company, valued at $82,924,768.50. The trade was a 9.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 147,555 shares of company stock valued at $13,705,106 in the last ninety days. Company insiders own 0.54% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. UBS Group restated a "buy" rating and issued a $116.00 price objective (up from $103.00) on shares of Johnson Controls International in a research report on Thursday, May 22nd. Citigroup restated a "neutral" rating and issued a $110.00 price target (up from $94.00) on shares of Johnson Controls International in a research note on Monday, July 14th. The Goldman Sachs Group lifted their price objective on shares of Johnson Controls International from $103.00 to $116.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Barclays boosted their price target on shares of Johnson Controls International from $90.00 to $100.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 9th. Finally, Robert W. Baird boosted their target price on Johnson Controls International from $90.00 to $110.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $104.11.

Johnson Controls International Trading Up 1.7%

NYSE:JCI traded up $1.83 during trading hours on Friday, reaching $111.85. 4,130,778 shares of the stock were exchanged, compared to its average volume of 3,956,660. Johnson Controls International plc has a twelve month low of $64.31 and a twelve month high of $112.00. The business has a 50-day moving average of $103.98 and a two-hundred day moving average of $90.00. The company has a market capitalization of $73.60 billion, a price-to-earnings ratio of 29.83, a PEG ratio of 2.05 and a beta of 1.31. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.48.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.05. The firm had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.64 billion. Johnson Controls International had a return on equity of 15.13% and a net margin of 10.19%. Johnson Controls International's revenue was up 1.4% compared to the same quarter last year. During the same period last year, the business posted $0.78 earnings per share. On average, equities analysts predict that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International declared that its Board of Directors has initiated a stock repurchase plan on Friday, June 13th that permits the company to buyback $9.00 billion in shares. This buyback authorization permits the company to buy up to 13.4% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's board believes its stock is undervalued.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Monday, June 23rd were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend was Monday, June 23rd. Johnson Controls International's dividend payout ratio (DPR) is presently 39.47%.

About Johnson Controls International

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.