Point72 Asia Singapore Pte. Ltd. Purchases Shares of 25,864 Johnson Controls International plc (NYSE:JCI)

Point72 Asia Singapore Pte. Ltd. acquired a new position in Johnson Controls International plc (NYSE:JCI - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 25,864 shares of the company's stock, valued at approximately $1,719,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Johnson Controls International by 17.3% in the 4th quarter. Vanguard Group Inc. now owns 71,387,169 shares of the company's stock valued at $4,114,756,000 after purchasing an additional 10,522,009 shares during the period. Capital World Investors lifted its stake in shares of Johnson Controls International by 85.5% in the first quarter. Capital World Investors now owns 14,142,736 shares of the company's stock valued at $923,804,000 after buying an additional 6,520,580 shares during the period. Fisher Asset Management LLC grew its position in Johnson Controls International by 4.7% during the fourth quarter. Fisher Asset Management LLC now owns 13,514,262 shares of the company's stock worth $778,962,000 after buying an additional 604,142 shares in the last quarter. Bank of New York Mellon Corp grew its position in Johnson Controls International by 95.9% during the first quarter. Bank of New York Mellon Corp now owns 12,760,120 shares of the company's stock worth $833,491,000 after buying an additional 6,247,250 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Johnson Controls International by 8.9% during the second quarter. Dimensional Fund Advisors LP now owns 5,855,075 shares of the company's stock valued at $389,214,000 after acquiring an additional 479,548 shares during the period. Institutional investors and hedge funds own 90.05% of the company's stock.

Insider Activity

In other news, CEO George Oliver sold 110,615 shares of the company's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the transaction, the chief executive officer now owns 1,243,751 shares of the company's stock, valued at $90,383,385.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Johnson Controls International news, CEO George Oliver sold 110,615 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.67, for a total value of $8,038,392.05. Following the transaction, the chief executive officer now directly owns 1,243,751 shares of the company's stock, valued at $90,383,385.17. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Nathan D. Manning sold 1,167 shares of the firm's stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $66.01, for a total value of $77,033.67. Following the transaction, the chief operating officer now owns 104,556 shares in the company, valued at approximately $6,901,741.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 115,046 shares of company stock valued at $8,347,562. Company insiders own 0.69% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on JCI shares. Oppenheimer lifted their price objective on Johnson Controls International from $70.00 to $76.00 and gave the stock an "outperform" rating in a report on Thursday, June 27th. Wells Fargo & Company boosted their price target on shares of Johnson Controls International from $75.00 to $80.00 and gave the company an "overweight" rating in a report on Thursday, August 1st. The Goldman Sachs Group raised their price objective on shares of Johnson Controls International from $73.00 to $81.00 and gave the stock a "buy" rating in a report on Friday, August 2nd. Bank of America upgraded shares of Johnson Controls International from a "neutral" rating to a "buy" rating and lifted their target price for the company from $76.00 to $80.00 in a research report on Tuesday, September 10th. Finally, Morgan Stanley assumed coverage on shares of Johnson Controls International in a research report on Friday, September 6th. They issued an "overweight" rating and a $85.00 price target for the company. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Johnson Controls International currently has an average rating of "Hold" and an average price target of $70.21.

Johnson Controls International Price Performance

Shares of JCI stock traded up $0.04 during trading hours on Wednesday, hitting $75.59. 1,530,935 shares of the company's stock were exchanged, compared to its average volume of 5,184,645. The stock's 50-day moving average is $70.13 and its 200-day moving average is $68.04. The stock has a market cap of $50.49 billion, a price-to-earnings ratio of 30.59, a price-to-earnings-growth ratio of 1.98 and a beta of 1.29. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.96 and a quick ratio of 0.73. Johnson Controls International plc has a 52 week low of $47.90 and a 52 week high of $75.98.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its earnings results on Wednesday, July 31st. The company reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates of $1.08 by $0.06. Johnson Controls International had a net margin of 6.02% and a return on equity of 13.64%. The company had revenue of $7.23 billion during the quarter, compared to the consensus estimate of $7.53 billion. During the same period in the previous year, the firm posted $1.03 earnings per share. The company's revenue was up 1.4% on a year-over-year basis. As a group, research analysts forecast that Johnson Controls International plc will post 3.67 EPS for the current year.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th will be given a $0.37 dividend. The ex-dividend date of this dividend is Wednesday, September 25th. This represents a $1.48 dividend on an annualized basis and a yield of 1.96%. Johnson Controls International's payout ratio is 59.92%.

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.