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

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

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV grew its holdings in shares of Johnson Controls International by 48.3% during the third quarter. Massmutual Trust Co. FSB ADV now owns 654 shares of the company’s stock valued at $32,000 after purchasing an additional 213 shares during the last quarter. Rosenberg Matthew Hamilton bought a new position in Johnson Controls International during the 3rd quarter worth $36,000. Salem Investment Counselors Inc. grew its stake in Johnson Controls International by 152.4% during the 1st quarter. Salem Investment Counselors Inc. now owns 588 shares of the company’s stock worth $39,000 after buying an additional 355 shares during the last quarter. GHP Investment Advisors Inc. increased its position in Johnson Controls International by 47.0% in the second quarter. GHP Investment Advisors Inc. now owns 929 shares of the company’s stock worth $44,000 after buying an additional 297 shares during the period. Finally, CI Investments Inc. lifted its stake in Johnson Controls International by 979.1% in the third quarter. CI Investments Inc. now owns 928 shares of the company’s stock valued at $46,000 after buying an additional 842 shares during the last quarter. Institutional investors and hedge funds own 88.76% of the company’s stock.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 3,068 shares of Johnson Controls International stock in a transaction that occurred on Friday, February 10th. The shares were sold at an average price of $64.43, for a total value of $197,671.24. Following the transaction, the vice president now owns 5,054 shares in the company, valued at $325,629.22. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on JCI. Morgan Stanley increased their price objective on shares of Johnson Controls International from $67.00 to $73.00 and gave the stock an “overweight” rating in a report on Friday, January 6th. Barclays dropped their price target on shares of Johnson Controls International from $75.00 to $74.00 and set an “overweight” rating on the stock in a research note on Thursday, February 2nd. Mizuho boosted their price objective on Johnson Controls International from $72.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, January 13th. Deutsche Bank Aktiengesellschaft raised their target price on Johnson Controls International from $70.00 to $74.00 in a research report on Monday, December 5th. Finally, StockNews.com assumed coverage on Johnson Controls International in a research report on Thursday. They set a “buy” rating for the company. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $70.43.

Johnson Controls International Stock Down 3.0 %

Shares of JCI stock opened at $57.30 on Friday. 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 business’s fifty day moving average is $65.00 and its 200-day moving average is $61.50. The stock 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 announced its earnings results on Wednesday, February 1st. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.01. Johnson Controls International had a return on equity of 12.51% and a net margin of 4.98%. The business had revenue of $6.07 billion during the quarter, compared to analysts’ expectations of $6.25 billion. During the same quarter last year, the business posted $0.54 earnings per share. The company’s quarterly revenue was up 3.5% on a year-over-year basis. Equities analysts expect that Johnson Controls International plc will post 3.48 earnings per share for the current fiscal year.

Johnson Controls International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Monday, March 20th will be issued a $0.36 dividend. This is an increase 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%.

About Johnson Controls International

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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.