Renaissance Technologies LLC Buys Shares of 578,149 Johnson Controls International plc (NYSE:JCI)

Renaissance Technologies LLC purchased a new position in Johnson Controls International plc (NYSE:JCI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 578,149 shares of the company's stock, valued at approximately $45,633,000. Renaissance Technologies LLC owned approximately 0.09% of Johnson Controls International at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Compass Financial Services Inc acquired a new position in shares of Johnson Controls International in the 4th quarter valued at $26,000. SBI Securities Co. Ltd. purchased a new position in Johnson Controls International in the fourth quarter worth approximately $29,000. Crowley Wealth Management Inc. acquired a new stake in shares of Johnson Controls International in the fourth quarter valued at $42,000. Synergy Asset Management LLC purchased a new position in Johnson Controls International in the fourth quarter worth approximately $42,000. Finally, ST Germain D J Co. Inc. lifted its holdings in Johnson Controls International by 32.8% during the 4th quarter. ST Germain D J Co. Inc. now owns 543 shares of the company's stock worth $43,000 after buying an additional 134 shares during the last quarter. Institutional investors own 90.05% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on JCI shares. Argus raised Johnson Controls International from a "hold" rating to a "buy" rating and set a $88.00 target price on the stock in a report on Friday, December 20th. UBS Group raised shares of Johnson Controls International from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $90.00 to $103.00 in a research note on Monday, February 10th. Morgan Stanley upped their price objective on shares of Johnson Controls International from $95.00 to $105.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Royal Bank of Canada lifted their price target on shares of Johnson Controls International from $86.00 to $93.00 and gave the company a "sector perform" rating in a research report on Thursday, February 6th. Finally, JPMorgan Chase & Co. dropped their price target on Johnson Controls International from $100.00 to $81.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Johnson Controls International presently has an average rating of "Moderate Buy" and an average price target of $90.07.

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Insider Buying and Selling

In related news, VP Daniel C. Mcconeghy sold 1,950 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $87.73, for a total value of $171,073.50. Following the completion of the transaction, the vice president now owns 24,803 shares of the company's stock, valued at approximately $2,175,967.19. This trade represents a 7.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO George Oliver sold 205,168 shares of the company's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $88.03, for a total transaction of $18,060,939.04. Following the completion of the sale, the chief executive officer now owns 1,260,527 shares of the company's stock, valued at $110,964,191.81. This represents a 14.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 907,286 shares of company stock valued at $77,938,071. Corporate insiders own 0.54% of the company's stock.

Johnson Controls International Trading Down 1.2 %

Shares of NYSE JCI traded down $0.95 during midday trading on Wednesday, hitting $77.64. The company's stock had a trading volume of 693,156 shares, compared to its average volume of 4,449,949. Johnson Controls International plc has a 12-month low of $59.83 and a 12-month high of $91.14. The firm has a market cap of $51.25 billion, a P/E ratio of 29.63, a price-to-earnings-growth ratio of 1.96 and a beta of 1.22. The business's 50 day moving average is $82.00 and its two-hundred day moving average is $80.81. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. As a group, equities research analysts expect that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 24th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.91%. The ex-dividend date is Monday, March 24th. Johnson Controls International's payout ratio is 56.49%.

Johnson Controls International 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.