Robeco Institutional Asset Management B.V. Cuts Stock Holdings in Johnson Controls International plc (NYSE:JCI)

Robeco Institutional Asset Management B.V. lessened its holdings in Johnson Controls International plc (NYSE:JCI – Get Rating) by 2.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 278,678 shares of the company’s stock after selling 6,469 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Johnson Controls International were worth $13,716,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JCI. Raymond James Trust N.A. grew its holdings in Johnson Controls International by 3.1% during the first quarter. Raymond James Trust N.A. now owns 13,142 shares of the company’s stock worth $862,000 after acquiring an additional 401 shares during the period. Synovus Financial Corp grew its stake in shares of Johnson Controls International by 3.6% during the 1st quarter. Synovus Financial Corp now owns 12,080 shares of the company’s stock worth $786,000 after purchasing an additional 425 shares during the period. Baird Financial Group Inc. increased its holdings in shares of Johnson Controls International by 0.7% in the 1st quarter. Baird Financial Group Inc. now owns 70,039 shares of the company’s stock valued at $4,593,000 after purchasing an additional 461 shares in the last quarter. Brown Brothers Harriman & Co. lifted its stake in shares of Johnson Controls International by 23.0% in the first quarter. Brown Brothers Harriman & Co. now owns 7,581 shares of the company’s stock valued at $497,000 after purchasing an additional 1,418 shares during the period. Finally, Mackenzie Financial Corp boosted its holdings in Johnson Controls International by 3.5% during the first quarter. Mackenzie Financial Corp now owns 371,039 shares of the company’s stock worth $24,329,000 after buying an additional 12,648 shares in the last quarter. Institutional investors and hedge funds own 88.76% of the company’s stock.

Insider Activity

In related news, VP Daniel C. Mcconeghy sold 3,068 shares of Johnson Controls International stock in a transaction on Friday, February 10th. The shares were sold at an average price of $64.43, for a total transaction of $197,671.24. Following the sale, the vice president now owns 5,054 shares of the company’s stock, valued at approximately $325,629.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on JCI. StockNews.com started coverage on shares of Johnson Controls International in a research report on Thursday. They set a “buy” rating for the company. Deutsche Bank Aktiengesellschaft boosted their target price on Johnson Controls International from $70.00 to $74.00 in a research report on Monday, December 5th. Oppenheimer dropped their price target on Johnson Controls International from $76.00 to $72.00 and set an “outperform” rating for the company in a research report on Thursday, February 2nd. Barclays decreased their price objective on shares of Johnson Controls International from $75.00 to $74.00 and set an “overweight” rating on the stock in a research report on Thursday, February 2nd. Finally, Wells Fargo & Company dropped their target price on shares of Johnson Controls International from $74.00 to $69.00 and set an “overweight” rating for the company in a report on Wednesday, March 1st. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Johnson Controls International currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.43.

Johnson Controls International Stock Down 3.0 %

JCI opened at $57.30 on Friday. The firm has a 50 day moving average price of $65.00 and a 200 day moving average price of $61.50. Johnson Controls International plc has a 1 year low of $45.52 and a 1 year high of $69.60. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.77 and a current ratio of 1.02. The company has a market cap of $35.42 billion, a PE ratio of 31.14, a price-to-earnings-growth ratio of 1.32 and a beta of 1.23.

Johnson Controls International (NYSE:JCI – Get Rating) last issued its quarterly earnings data on Wednesday, February 1st. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. The company had revenue of $6.07 billion for the quarter, compared to analysts’ expectations of $6.25 billion. Johnson Controls International had a return on equity of 12.51% and a net margin of 4.98%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.54 earnings per share. Sell-side analysts expect that Johnson Controls International plc will post 3.48 earnings per share for the current year.

Johnson Controls International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 14th. Stockholders of record on Monday, March 20th will be given a dividend of $0.36 per share. This is a boost from Johnson Controls International’s previous quarterly dividend of $0.35. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend is Friday, March 17th. Johnson Controls International’s payout ratio is presently 78.26%.

Johnson Controls International Profile

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Johnson Controls International Plc engages in the provision of building products, energy solutions, integrated infrastructure and next generation transportation systems. Its technology and service capabilities include fire, security, HVAC, power solutions and energy storage to serve various end markets including large institutions, commercial buildings, retail, industrial, small business and residential.