Robeco Institutional Asset Management B.V. increased its holdings in Johnson Controls International PLC (NYSE:JCI) by 22.0% during the 1st quarter, Holdings Channel reports. The firm owned 194,216 shares of the company’s stock after buying an additional 35,013 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Johnson Controls International were worth $7,175,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of JCI. Scotia Capital Inc. boosted its position in Johnson Controls International by 4.5% during the 4th quarter. Scotia Capital Inc. now owns 6,771 shares of the company’s stock valued at $201,000 after acquiring an additional 294 shares in the last quarter. Moody National Bank Trust Division boosted its position in Johnson Controls International by 34.7% during the 1st quarter. Moody National Bank Trust Division now owns 1,142 shares of the company’s stock valued at $42,000 after acquiring an additional 294 shares in the last quarter. HCR Wealth Advisors lifted its holdings in shares of Johnson Controls International by 1.7% during the fourth quarter. HCR Wealth Advisors now owns 17,984 shares of the company’s stock valued at $533,000 after purchasing an additional 300 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of Johnson Controls International by 4.4% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 7,251 shares of the company’s stock valued at $215,000 after purchasing an additional 306 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in shares of Johnson Controls International by 26.3% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,600 shares of the company’s stock valued at $47,000 after purchasing an additional 333 shares during the last quarter. 91.94% of the stock is currently owned by institutional investors.

JCI has been the subject of several recent research reports. OTR Global lowered shares of Johnson Controls International to a “positive” rating in a report on Friday, January 18th. Wells Fargo & Co upgraded shares of Johnson Controls International from a “market perform” rating to an “outperform” rating and set a $42.00 target price for the company in a report on Monday, March 18th. ValuEngine upgraded shares of Johnson Controls International from a “sell” rating to a “hold” rating in a report on Friday, February 8th. Cowen reiterated a “hold” rating and set a $32.00 target price (down from $38.00) on shares of Johnson Controls International in a report on Friday, February 15th. Finally, Zacks Investment Research lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $39.45.

Shares of JCI stock opened at $39.25 on Thursday. Johnson Controls International PLC has a 1 year low of $28.30 and a 1 year high of $40.33. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 0.40. The firm has a market cap of $35.21 billion, a PE ratio of 13.87, a price-to-earnings-growth ratio of 2.10 and a beta of 1.06.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. Johnson Controls International had a net margin of 8.52% and a return on equity of 9.85%. The firm had revenue of $5.78 billion during the quarter, compared to the consensus estimate of $5.79 billion. During the same quarter in the previous year, the firm posted $0.54 EPS. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, sell-side analysts forecast that Johnson Controls International PLC will post 1.93 earnings per share for the current fiscal year.

Johnson Controls International declared that its Board of Directors has authorized a stock repurchase program on Thursday, March 7th that permits the company to repurchase $8.50 billion in shares. This repurchase authorization permits the company to buy up to 26% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

In related news, insider Rodney M. Rushing sold 29,728 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $39.03, for a total value of $1,160,283.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Robert M. Vanhimbergen sold 3,907 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $39.33, for a total transaction of $153,662.31. Following the completion of the transaction, the vice president now directly owns 26,094 shares of the company’s stock, valued at approximately $1,026,277.02. The disclosure for this sale can be found here. In the last three months, insiders have sold 175,384 shares of company stock valued at $6,861,650. Insiders own 0.50% of the company’s stock.

TRADEMARK VIOLATION WARNING: This story was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this story on another site, it was stolen and reposted in violation of United States and international trademark & copyright law. The original version of this story can be viewed at https://www.thecerbatgem.com/2019/05/16/johnson-controls-international-plc-jci-position-increased-by-robeco-institutional-asset-management-b-v.html.

About Johnson Controls International

Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Building Technologies & Solutions and Power Solutions segments. The company designs, sells, installs, and services heating, ventilating, and air conditioning systems, controls systems, integrated electronic security systems, and integrated fire detection and suppression systems for commercial, industrial, retail, small business, institutional, and governmental customers; and energy efficiency solutions and technical services, including inspection, scheduled maintenance, and repair and replacement of mechanical and control systems, to non-residential building and industrial applications.

Recommended Story: Is the QQQ ETF safe?

Want to see what other hedge funds are holding JCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Johnson Controls International PLC (NYSE:JCI).

Institutional Ownership by Quarter for Johnson Controls International (NYSE:JCI)

Receive News & Ratings for Johnson Controls International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Johnson Controls International and related companies with MarketBeat.com's FREE daily email newsletter.