Diamond Hill Capital Management LLC Investment Advisor Acquires Shares of 118,910 Johnson Controls International plc $JCI

Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Johnson Controls International plc (NYSE:JCI) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 118,910 shares of the company’s stock, valued at approximately $17,374,000.

Several other hedge funds have also recently modified their holdings of the stock. Brighton Jones LLC bought a new stake in Johnson Controls International in the 4th quarter valued at $222,000. Acadian Asset Management LLC bought a new position in shares of Johnson Controls International during the 1st quarter valued at about $55,000. Sivia Capital Partners LLC boosted its holdings in shares of Johnson Controls International by 83.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 7,049 shares of the company’s stock valued at $745,000 after purchasing an additional 3,203 shares during the last quarter. Jump Financial LLC grew its position in shares of Johnson Controls International by 3.5% during the second quarter. Jump Financial LLC now owns 12,578 shares of the company’s stock valued at $1,328,000 after purchasing an additional 425 shares in the last quarter. Finally, Federated Hermes Inc. grew its position in shares of Johnson Controls International by 120.7% during the second quarter. Federated Hermes Inc. now owns 12,359 shares of the company’s stock valued at $1,305,000 after purchasing an additional 6,760 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Trading Up 0.1%

Shares of JCI stock opened at $153.73 on Monday. The company has a market cap of $93.12 billion, a PE ratio of 26.74, a price-to-earnings-growth ratio of 1.48 and a beta of 1.31. Johnson Controls International plc has a 1 year low of $103.07 and a 1 year high of $157.06. The stock’s 50 day simple moving average is $144.91 and its two-hundred day simple moving average is $139.93. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.00 and a quick ratio of 0.83.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Thursday, July 30th. The company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.12. The firm had revenue of $6.61 billion during the quarter, compared to analysts’ expectations of $6.46 billion. Johnson Controls International had a return on equity of 22.11% and a net margin of 14.32%.The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.05 EPS. Research analysts predict that Johnson Controls International plc will post 5.08 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 paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Monday, June 15th. Johnson Controls International’s payout ratio is presently 27.83%.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, VP Todd M. Grabowski sold 1,800 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total transaction of $263,160.00. Following the transaction, the vice president owned 26,215 shares in the company, valued at $3,832,633. The trade was a 6.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Lei Zhang Schlitz sold 23,417 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the transaction, the vice president owned 15,017 shares in the company, valued at $2,298,652.19. This trade represents a 60.93% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.29% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on JCI. JPMorgan Chase & Co. boosted their target price on Johnson Controls International from $158.00 to $162.00 in a research report on Thursday, May 7th. Weiss Ratings restated a “buy (b)” rating on shares of Johnson Controls International in a report on Tuesday, June 9th. Royal Bank Of Canada lifted their price objective on Johnson Controls International from $154.00 to $161.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 30th. Wolfe Research reaffirmed an “outperform” rating and set a $171.00 price objective on shares of Johnson Controls International in a report on Wednesday, June 3rd. Finally, The Goldman Sachs Group increased their target price on Johnson Controls International from $169.00 to $178.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Twelve equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $155.50.

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.