Two Sigma Investments LP Trims Stock Holdings in Johnson Controls International plc (NYSE:JCI)

Two Sigma Investments LP lowered its holdings in Johnson Controls International plc (NYSE:JCI - Free Report) by 48.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,225 shares of the company's stock after selling 13,169 shares during the period. Two Sigma Investments LP's holdings in Johnson Controls International were worth $1,123,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JCI. Raymond James Financial Inc. purchased a new stake in shares of Johnson Controls International during the fourth quarter worth about $568,309,000. Norges Bank bought a new stake in Johnson Controls International during the fourth quarter valued at approximately $560,549,000. Invesco Ltd. grew its holdings in Johnson Controls International by 13.2% during the fourth 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 period. Amundi lifted its stake in shares of Johnson Controls International by 76.7% during the 4th quarter. Amundi now owns 3,870,478 shares of the company's stock valued at $309,422,000 after buying an additional 1,680,431 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Johnson Controls International by 6.0% during the fourth 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 last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Oppenheimer lifted their price objective on shares of Johnson Controls International from $90.00 to $96.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Morgan Stanley lifted their price target 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. Barclays raised their target price on Johnson Controls International from $85.00 to $90.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 14th. Vertical Research raised shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 target price on the stock in a research note on Thursday, May 8th. Finally, Citigroup cut their price target on Johnson Controls International from $95.00 to $85.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $97.88.

Insider Buying and Selling at Johnson Controls International

In related news, Director George Oliver sold 100,000 shares of the firm's stock in a transaction that occurred 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 transaction, the director now owns 904,305 shares in the company, valued at $82,924,768.50. This trade represents a 9.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $100.90, for a total value of $143,479.80. Following the transaction, the vice president now directly owns 143,282 shares of the company's stock, valued at approximately $14,457,153.80. The trade was a 0.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 332,555 shares of company stock valued at $27,989,126 in the last 90 days. 0.54% of the stock is currently owned by insiders.

Johnson Controls International Stock Down 0.1%

NYSE JCI opened at $102.27 on Friday. Johnson Controls International plc has a 12 month low of $64.31 and a 12 month high of $102.97. The company has a market capitalization of $67.30 billion, a P/E ratio of 39.03, a PEG ratio of 1.96 and a beta of 1.28. The company's 50 day simple moving average is $87.45 and its 200 day simple moving average is $84.06. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.05. The company had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.64 billion. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. The company's revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.78 earnings per share. Equities research analysts expect that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 24th were given a dividend of $0.37 per share. The ex-dividend date was Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a yield of 1.45%. Johnson Controls International's payout ratio is currently 39.47%.

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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