Robeco Schweiz AG Buys New Position in Johnson Controls International plc (NYSE:JCI)

Robeco Schweiz AG bought a new position in shares of Johnson Controls International plc (NYSE:JCI) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 369,446 shares of the company’s stock, valued at approximately $29,160,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Park Avenue Securities LLC lifted its position in shares of Johnson Controls International by 101.5% during the 4th quarter. Park Avenue Securities LLC now owns 26,517 shares of the company’s stock valued at $2,093,000 after acquiring an additional 13,360 shares during the period. Certuity LLC bought a new stake in Johnson Controls International in the fourth quarter valued at $243,000. Y Intercept Hong Kong Ltd raised its holdings in shares of Johnson Controls International by 136.8% during the third quarter. Y Intercept Hong Kong Ltd now owns 91,248 shares of the company’s stock valued at $7,082,000 after purchasing an additional 52,719 shares during the period. Geode Capital Management LLC raised its holdings in shares of Johnson Controls International by 0.5% during the third quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company’s stock valued at $1,041,822,000 after purchasing an additional 71,493 shares during the period. Finally, BNC Wealth Management LLC bought a new position in shares of Johnson Controls International during the 4th quarter worth about $2,093,000. 90.05% of the stock is currently owned by institutional investors.

Johnson Controls International Price Performance

Johnson Controls International stock opened at $84.97 on Thursday. The business’s 50 day simple moving average is $82.22 and its 200 day simple moving average is $78.83. Johnson Controls International plc has a 12 month low of $58.90 and a 12 month high of $91.14. The company has a market cap of $56.09 billion, a price-to-earnings ratio of 32.43, a PEG ratio of 1.96 and a beta of 1.32. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. Sell-side analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, December 23rd were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.74%. Johnson Controls International’s dividend payout ratio is presently 56.49%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on JCI shares. JPMorgan Chase & Co. raised their price objective on Johnson Controls International from $87.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Argus upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a research note on Friday, December 20th. Oppenheimer upped their price objective on shares of Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Barclays lifted their price objective on shares of Johnson Controls International from $75.00 to $83.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Finally, StockNews.com lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $91.13.

Insider Transactions at Johnson Controls International

In related news, CEO George Oliver sold 162,894 shares of Johnson Controls International stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $89.28, for a total value of $14,543,176.32. Following the completion of the transaction, the chief executive officer now directly owns 1,203,893 shares in the company, valued at approximately $107,483,567.04. The trade was a 11.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Nathan D. Manning sold 1,421 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $76.44, for a total value of $108,621.24. Following the sale, the vice president now owns 148,346 shares in the company, valued at approximately $11,339,568.24. This represents a 0.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 837,963 shares of company stock worth $72,883,012 over the last quarter. Corporate insiders own 0.54% of the company’s stock.

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.