Point72 Asia Singapore Pte. Ltd. Sells 5,138 Shares of Johnson Controls International plc (NYSE:JCI)

Point72 Asia Singapore Pte. Ltd. decreased its position in Johnson Controls International plc (NYSE:JCI) by 19.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 20,726 shares of the company’s stock after selling 5,138 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Johnson Controls International were worth $1,609,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in JCI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Johnson Controls International by 514.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company’s stock valued at $418,439,000 after acquiring an additional 4,514,792 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its position in Johnson Controls International by 686.4% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,445,418 shares of the company’s stock valued at $295,487,000 after buying an additional 3,880,146 shares during the period. Ceredex Value Advisors LLC purchased a new position in Johnson Controls International during the second quarter valued at $73,881,000. Point72 Asset Management L.P. lifted its position in Johnson Controls International by 263.9% during the second quarter. Point72 Asset Management L.P. now owns 1,341,919 shares of the company’s stock valued at $89,197,000 after buying an additional 973,145 shares during the period. Finally, Electron Capital Partners LLC lifted its position in Johnson Controls International by 81.3% during the second quarter. Electron Capital Partners LLC now owns 1,432,335 shares of the company’s stock valued at $95,207,000 after buying an additional 642,315 shares during the period. Institutional investors own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on JCI shares. Wells Fargo & Company raised their price objective on Johnson Controls International from $84.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Bank of America lifted their price target on Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Oppenheimer lifted their price target on Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Robert W. Baird lifted their price target on Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, UBS Group assumed coverage on Johnson Controls International in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 price target for the company. Twelve analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $77.21.

Insider Activity at Johnson Controls International

In related news, COO Nathan D. Manning sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total value of $231,240.00. Following the transaction, the chief operating officer now directly owns 140,488 shares of the company’s stock, valued at approximately $10,828,815.04. The trade was a 2.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO George Oliver sold 110,615 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $72.67, for a total value of $8,038,392.05. Following the completion of the transaction, the chief executive officer now directly owns 1,243,751 shares in the company, valued at approximately $90,383,385.17. This represents a 8.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 741,829 shares of company stock worth $59,952,007. 0.69% of the stock is owned by company insiders.

Johnson Controls International Trading Up 0.2 %

Shares of NYSE:JCI opened at $83.86 on Monday. The stock has a 50 day moving average of $79.17 and a 200 day moving average of $73.09. The company has a market cap of $55.53 billion, a PE ratio of 33.02, a price-to-earnings-growth ratio of 2.34 and a beta of 1.29. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. Johnson Controls International plc has a 12-month low of $51.70 and a 12-month high of $87.16.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Wednesday, September 25th were paid a dividend of $0.37 per share. The ex-dividend date was Wednesday, September 25th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.76%. Johnson Controls International’s dividend payout ratio (DPR) is presently 58.27%.

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.