Johnson Controls International plc (NYSE:JCI) Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 175.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 632,424 shares of the company's stock after purchasing an additional 403,191 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.10% of Johnson Controls International worth $50,663,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JCI. Vanguard Group Inc. lifted its stake in Johnson Controls International by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 68,156,110 shares of the company's stock valued at $5,379,562,000 after buying an additional 179,743 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Johnson Controls International by 6.0% in the 4th quarter. Franklin Resources Inc. now owns 23,344,374 shares of the company's stock worth $1,842,571,000 after acquiring an additional 1,325,500 shares during the period. Invesco Ltd. lifted its position in Johnson Controls International by 13.2% in the 4th quarter. Invesco Ltd. now owns 18,407,597 shares of the company's stock valued at $1,452,912,000 after purchasing an additional 2,150,573 shares during the last quarter. Fisher Asset Management LLC lifted its position in Johnson Controls International by 2.9% in the 4th quarter. Fisher Asset Management LLC now owns 15,743,019 shares of the company's stock valued at $1,242,597,000 after purchasing an additional 447,513 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Johnson Controls International by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 13,818,777 shares of the company's stock valued at $1,087,670,000 after purchasing an additional 343,517 shares during the period. Institutional investors and hedge funds own 90.05% of the company's stock.

Insider Transactions at Johnson Controls International

In other news, Director George Oliver sold 100,000 shares of the company's stock in a transaction on 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 completion of the sale, the director now directly owns 904,305 shares of the company's stock, valued at $82,924,768.50. This represents a 9.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $86.91, for a total value of $123,586.02. Following the completion of the transaction, the vice president now directly owns 144,704 shares in the company, valued at $12,576,224.64. This represents a 0.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 147,555 shares of company stock valued at $13,669,414 in the last three months. 0.54% of the stock is currently owned by corporate insiders.

Johnson Controls International Stock Performance

NYSE:JCI opened at $104.53 on Friday. The company has a 50-day moving average of $95.48 and a 200-day moving average of $86.10. The firm has a market cap of $68.78 billion, a price-to-earnings ratio of 27.87, a price-to-earnings-growth ratio of 2.26 and a beta of 1.33. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.48. Johnson Controls International plc has a twelve month low of $64.31 and a twelve month high of $105.19.

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

Johnson Controls International declared that its board has authorized a stock repurchase program on Friday, June 13th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 13.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its stock is undervalued.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 23rd will be given a dividend of $0.37 per share. The ex-dividend date is Monday, June 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.42%. Johnson Controls International's dividend payout ratio (DPR) is presently 39.47%.

Wall Street Analyst Weigh In

Several brokerages have commented on JCI. Barclays raised their price target on shares of Johnson Controls International from $85.00 to $90.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. Royal Bank Of Canada raised their target price on Johnson Controls International from $82.00 to $98.00 and gave the company a "sector perform" rating in a research report on Thursday, May 8th. Morgan Stanley lifted their target price on Johnson Controls International from $105.00 to $115.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Oppenheimer cut Johnson Controls International from an "outperform" rating to a "market perform" rating in a research note on Friday, June 20th. Finally, Citigroup lowered their price target on Johnson Controls International from $95.00 to $85.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $97.88.

Johnson Controls International Company 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.

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