Renaissance Technologies LLC Invests $65.92 Million in Johnson Controls International plc $JCI

Renaissance Technologies LLC acquired a new stake in Johnson Controls International plc (NYSE:JCI) in the first quarter, Holdings Channel.com reports. The firm acquired 503,414 shares of the company’s stock, valued at approximately $65,922,000.

Other hedge funds also recently bought and sold shares of the company. Compound Planning Inc. grew its position in shares of Johnson Controls International by 5.5% during the 1st quarter. Compound Planning Inc. now owns 10,261 shares of the company’s stock valued at $1,344,000 after purchasing an additional 534 shares in the last quarter. Keebeck Wealth Management bought a new position in Johnson Controls International in the 1st quarter worth about $254,000. Sei Investments Co. increased its stake in Johnson Controls International by 30.7% in the 1st quarter. Sei Investments Co. now owns 1,065,880 shares of the company’s stock worth $139,578,000 after acquiring an additional 250,479 shares during the last quarter. Lido Advisors LLC raised its holdings in shares of Johnson Controls International by 19.7% in the 1st quarter. Lido Advisors LLC now owns 29,990 shares of the company’s stock valued at $3,937,000 after acquiring an additional 4,930 shares in the last quarter. Finally, Cetera Investment Advisers boosted its position in shares of Johnson Controls International by 6.6% during the 1st quarter. Cetera Investment Advisers now owns 225,168 shares of the company’s stock valued at $29,486,000 after acquiring an additional 13,874 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Insider Buying and Selling

In other Johnson Controls International news, VP Lei Zhang Schlitz sold 88,809 shares of Johnson Controls International stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $140.99, for a total transaction of $12,521,180.91. Following the transaction, the vice president directly owned 57,059 shares of the company’s stock, valued at approximately $8,044,748.41. This trade represents a 60.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Todd M. Grabowski sold 1,800 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total transaction of $263,160.00. Following the completion of the sale, the vice president owned 26,215 shares of the company’s stock, valued at approximately $3,832,633. The trade was a 6.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.29% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

JCI has been the subject of several recent analyst reports. Mizuho boosted their price objective on Johnson Controls International from $130.00 to $140.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Robert W. Baird raised their target price on shares of Johnson Controls International from $132.00 to $148.00 and gave the company a “neutral” rating in a research note on Monday, April 27th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $154.00 target price on shares of Johnson Controls International in a research report on Tuesday, June 2nd. Barclays boosted their price target on shares of Johnson Controls International from $136.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. Finally, Wells Fargo & Company increased their price target on shares of Johnson Controls International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $152.85.

Johnson Controls International Price Performance

JCI opened at $143.35 on Monday. The stock has a 50-day moving average price of $141.84 and a 200-day moving average price of $136.12. Johnson Controls International plc has a 12-month low of $102.09 and a 12-month high of $151.18. The company has a current ratio of 1.04, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $87.46 billion, a P/E ratio of 25.64, a PEG ratio of 1.54 and a beta of 1.31.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $1.19 EPS for the quarter. The firm had revenue of $6.14 billion for the quarter. Johnson Controls International had a return on equity of 19.50% and a net margin of 14.45%. Equities analysts predict that Johnson Controls International plc will post 4.9 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 15th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Monday, June 15th. Johnson Controls International’s dividend payout ratio (DPR) is presently 28.62%.

Johnson Controls International Company Profile

Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.

Johnson Controls’ product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.