Point72 Asset Management L.P. Reduces Stock Holdings in Johnson Controls International plc (NYSE:JCI)

Point72 Asset Management L.P. lowered its stake in shares of Johnson Controls International plc (NYSE:JCI) by 7.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,241,287 shares of the company’s stock after selling 100,632 shares during the quarter. Point72 Asset Management L.P. owned approximately 0.19% of Johnson Controls International worth $96,336,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Cetera Advisors LLC lifted its position in Johnson Controls International by 174.9% in the first quarter. Cetera Advisors LLC now owns 15,671 shares of the company’s stock valued at $1,024,000 after acquiring an additional 9,971 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Johnson Controls International by 101.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 977 shares of the company’s stock valued at $64,000 after purchasing an additional 492 shares during the period. Massmutual Trust Co. FSB ADV grew its stake in Johnson Controls International by 25.1% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,864 shares of the company’s stock worth $124,000 after buying an additional 374 shares during the last quarter. NBC Securities Inc. increased its position in Johnson Controls International by 37.6% during the second quarter. NBC Securities Inc. now owns 13,894 shares of the company’s stock worth $923,000 after buying an additional 3,796 shares during the period. Finally, Butensky & Cohen Financial Security Inc. increased its position in Johnson Controls International by 2.2% during the second quarter. Butensky & Cohen Financial Security Inc. now owns 63,493 shares of the company’s stock worth $4,220,000 after buying an additional 1,394 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Down 1.4 %

Johnson Controls International stock opened at $82.49 on Wednesday. Johnson Controls International plc has a fifty-two week low of $51.70 and a fifty-two week high of $87.16. The firm has a market capitalization of $54.62 billion, a price-to-earnings ratio of 32.48, a price-to-earnings-growth ratio of 2.34 and a beta of 1.31. The stock’s fifty day moving average is $79.48 and its two-hundred day moving average is $73.30. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94.

Johnson Controls International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th were issued a dividend of $0.37 per share. The ex-dividend date was Wednesday, September 25th. This represents a $1.48 annualized dividend and a yield of 1.79%. Johnson Controls International’s dividend payout ratio (DPR) is currently 58.27%.

Analysts Set New Price Targets

JCI has been the topic of a number of research reports. Robert W. Baird raised their target price on shares of Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Royal Bank of Canada raised their price objective on shares of Johnson Controls International from $81.00 to $86.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 7th. Wells Fargo & Company upped their target price on shares of Johnson Controls International from $84.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Morgan Stanley started coverage on Johnson Controls International in a report on Friday, September 6th. They set an “overweight” rating and a $85.00 price target on the stock. Finally, Barclays boosted their target price on Johnson Controls International from $62.00 to $64.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. Twelve analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $77.21.

Insiders Place Their Bets

In related news, CEO George Oliver sold 110,615 shares of Johnson Controls International stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 1,243,751 shares in the company, valued at approximately $90,383,385.17. This trade represents a 8.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Nathan D. Manning sold 3,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $77.08, for a total value of $231,240.00. Following the completion of the transaction, the chief operating officer now owns 140,488 shares of the company’s stock, valued at $10,828,815.04. This trade represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 740,476 shares of company stock worth $59,853,576. Insiders own 0.69% of the company’s stock.

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.