Robeco Schweiz AG Buys 5,750 Shares of Johnson Controls International plc (NYSE:JCI)

Robeco Schweiz AG increased its holdings in Johnson Controls International plc (NYSE:JCI - Free Report) by 1.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 375,196 shares of the company's stock after acquiring an additional 5,750 shares during the quarter. Robeco Schweiz AG owned about 0.06% of Johnson Controls International worth $30,057,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Cornerstone Planning Group LLC increased its position in shares of Johnson Controls International by 74.5% during the first quarter. Cornerstone Planning Group LLC now owns 363 shares of the company's stock valued at $28,000 after buying an additional 155 shares during the period. SBI Securities Co. Ltd. bought a new position in Johnson Controls International in the fourth quarter worth $29,000. Community Bank N.A. purchased a new position in Johnson Controls International during the first quarter valued at $32,000. Crowley Wealth Management Inc. bought a new stake in shares of Johnson Controls International during the 4th quarter valued at $42,000. Finally, Rossby Financial LCC purchased a new stake in shares of Johnson Controls International in the 1st quarter worth about $42,000. Institutional investors own 90.05% of the company's stock.

Insider Transactions at Johnson Controls International

In other news, VP Nathan D. Manning sold 1,422 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $104.82, for a total transaction of $149,054.04. Following the sale, the vice president directly owned 141,860 shares of the company's stock, valued at $14,869,765.20. This represents a 0.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Anuruddha Rathninde sold 15,000 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $103.13, for a total value of $1,546,950.00. Following the transaction, the vice president owned 42,574 shares of the company's stock, valued at $4,390,656.62. This represents a 26.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 147,555 shares of company stock worth $13,705,106. 0.54% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on JCI shares. UBS Group restated a "buy" rating and issued a $116.00 price objective (up previously from $103.00) on shares of Johnson Controls International in a report on Thursday, May 22nd. Wells Fargo & Company lifted their price objective on Johnson Controls International from $100.00 to $130.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Oppenheimer cut Johnson Controls International from an "outperform" rating to a "market perform" rating in a research note on Friday, June 20th. Robert W. Baird lifted their price target on Johnson Controls International from $84.00 to $90.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Finally, Morgan Stanley upped their target price on shares of Johnson Controls International from $105.00 to $115.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $100.53.

Johnson Controls International Price Performance

Shares of JCI stock traded down $0.51 on Friday, hitting $105.82. 2,234,200 shares of the stock traded hands, compared to its average volume of 4,348,170. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.81. Johnson Controls International plc has a 52 week low of $64.31 and a 52 week high of $107.20. The firm has a 50 day simple moving average of $100.92 and a two-hundred day simple moving average of $87.98. The firm has a market cap of $69.63 billion, a price-to-earnings ratio of 28.22, a PEG ratio of 1.94 and a beta of 1.31.

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

Johnson Controls International announced that its board has initiated a share buyback plan on Friday, June 13th that allows the company to buyback $9.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 13.4% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 23rd will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Monday, June 23rd. Johnson Controls International's dividend payout ratio (DPR) is presently 39.47%.

About Johnson Controls International

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.