Renaissance Technologies LLC Buys New Holdings in Johnson Controls International plc (NYSE:JCI)

Renaissance Technologies LLC purchased a new position in shares of Johnson Controls International plc (NYSE:JCI) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 578,149 shares of the company’s stock, valued at approximately $45,633,000. Renaissance Technologies LLC owned about 0.09% of Johnson Controls International at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of JCI. Orion Portfolio Solutions LLC raised its holdings in Johnson Controls International by 4.5% in the third quarter. Orion Portfolio Solutions LLC now owns 29,361 shares of the company’s stock valued at $2,279,000 after buying an additional 1,262 shares during the period. Continuum Advisory LLC increased its position in shares of Johnson Controls International by 79.1% in the third quarter. Continuum Advisory LLC now owns 944 shares of the company’s stock worth $80,000 after acquiring an additional 417 shares in the last quarter. Barclays PLC raised its stake in shares of Johnson Controls International by 6.7% in the 3rd quarter. Barclays PLC now owns 1,685,322 shares of the company’s stock valued at $130,797,000 after acquiring an additional 105,194 shares during the period. Geode Capital Management LLC raised its stake in shares of Johnson Controls International by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company’s stock valued at $1,041,822,000 after acquiring an additional 71,493 shares during the period. Finally, Coldstream Capital Management Inc. lifted its holdings in shares of Johnson Controls International by 13.7% during the 3rd quarter. Coldstream Capital Management Inc. now owns 11,020 shares of the company’s stock valued at $862,000 after acquiring an additional 1,327 shares in the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Controls International Price Performance

Shares of JCI stock opened at $76.21 on Friday. The firm has a fifty day moving average of $82.34 and a two-hundred day moving average of $80.78. The firm has a market cap of $50.31 billion, a P/E ratio of 29.09, a P/E/G ratio of 1.96 and a beta of 1.22. Johnson Controls International plc has a 1-year low of $59.83 and a 1-year high of $91.14. 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) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates 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, research analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 24th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.94%. Johnson Controls International’s dividend payout ratio (DPR) is 56.49%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on JCI shares. Wells Fargo & Company increased their price target on Johnson Controls International from $92.00 to $98.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. lowered their target price on Johnson Controls International from $100.00 to $81.00 and set an “overweight” rating for the company in a research note on Tuesday. Barclays reduced their price target on Johnson Controls International from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Monday, March 10th. Melius Research restated a “hold” rating and issued a $95.00 price target on shares of Johnson Controls International in a report on Tuesday, January 28th. Finally, Argus upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a research note on Friday, December 20th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Johnson Controls International has a consensus rating of “Moderate Buy” and a consensus target price of $90.00.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, VP Nathan D. Manning sold 1,421 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $76.44, for a total transaction of $108,621.24. Following the sale, the vice president now directly owns 148,346 shares of the company’s stock, valued at approximately $11,339,568.24. This represents a 0.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Daniel C. Mcconeghy sold 1,950 shares of the firm’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $87.73, for a total transaction of $171,073.50. Following the completion of the transaction, the vice president now owns 24,803 shares in the company, valued at approximately $2,175,967.19. The trade was a 7.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety 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.

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.