Point72 Asia Singapore Pte. Ltd. Decreases Stock Holdings in Johnson Controls International plc (NYSE:JCI)

Point72 Asia Singapore Pte. Ltd. trimmed its position in shares of Johnson Controls International plc (NYSE:JCI) by 19.9% during the 3rd quarter, Holdings Channel reports. 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 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Johnson Controls International by 514.9% during the 3rd 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 buying an additional 4,514,792 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Johnson Controls International by 686.4% during the 2nd 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 stake in Johnson Controls International during the 2nd quarter valued at $73,881,000. Point72 Asset Management L.P. raised its holdings in Johnson Controls International by 263.9% during the 2nd 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 raised its holdings in Johnson Controls International by 81.3% during the 2nd 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. 90.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

JCI has been the topic of several recent research reports. StockNews.com lowered Johnson Controls International from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. UBS Group started coverage on Johnson Controls International in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 price objective on the stock. Wells Fargo & Company upped 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. Royal Bank of Canada upped their price objective on Johnson Controls International from $81.00 to $86.00 and gave the company a “sector perform” rating in a research report on Thursday, November 7th. Finally, Robert W. Baird upped their price objective on Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Twelve equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $77.21.

Insider Buying and Selling

In other news, CEO George Oliver sold 224,152 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $82.72, for a total value of $18,541,853.44. Following the completion of the transaction, the chief executive officer now directly owns 1,166,992 shares in the company, valued at $96,533,578.24. This trade represents a 16.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Nathan D. Manning sold 1,167 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $72.75, for a total value of $84,899.25. Following the completion of the transaction, the chief operating officer now owns 143,488 shares of the company’s stock, valued at approximately $10,438,752. The trade was a 0.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 741,829 shares of company stock worth $59,952,007 in the last three months. 0.69% of the stock is owned by insiders.

Johnson Controls International Trading Up 0.2 %

Shares of NYSE JCI opened at $83.86 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.79. The stock has a market capitalization of $55.53 billion, a P/E ratio of 33.02, a price-to-earnings-growth ratio of 2.34 and a beta of 1.29. Johnson Controls International plc has a 1-year low of $51.70 and a 1-year high of $87.16. The business has a fifty day moving average price of $79.17 and a 200 day moving average price of $73.09.

Johnson Controls International Announces Dividend

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. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend was Wednesday, September 25th. Johnson Controls International’s dividend payout ratio (DPR) is currently 58.27%.

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.