130,336 Shares in Johnson Controls International plc $JCI Acquired by Lbp Am Sa

Key Points

• Lbp Am Sa recently acquired 130,336 shares of Johnson Controls International plc, valued at approximately $13.8 million.
• Johnson Controls announced a quarterly dividend increase from $0.37 to $0.40 per share, reflecting a yield of 1.5%.
• Analysts have mixed ratings for JCI, with nine analysts giving it a Buy rating while ten rate it as Hold, and a consensus price target of $108.28.

Lbp Am Sa bought a new position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 130,336 shares of the company's stock, valued at approximately $13,766,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Truvestments Capital LLC increased its holdings in shares of Johnson Controls International by 425.0% in the 1st quarter. Truvestments Capital LLC now owns 315 shares of the company's stock worth $25,000 after buying an additional 255 shares during the last quarter. Accent Capital Management LLC bought a new position in shares of Johnson Controls International in the 1st quarter worth $26,000. Cornerstone Planning Group LLC increased its holdings in shares of Johnson Controls International by 74.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 363 shares of the company's stock worth $28,000 after buying an additional 155 shares during the last quarter. Activest Wealth Management increased its holdings in shares of Johnson Controls International by 56.4% in the 1st quarter. Activest Wealth Management now owns 369 shares of the company's stock worth $30,000 after buying an additional 133 shares during the last quarter. Finally, Community Bank N.A. bought a new position in shares of Johnson Controls International in the 1st quarter worth $32,000. Institutional investors own 90.05% of the company's stock.

Wall Street Analyst Weigh In

JCI has been the topic of a number of research analyst reports. Zacks Research raised shares of Johnson Controls International to a "hold" rating in a report on Monday, August 11th. Robert W. Baird increased their price target on shares of Johnson Controls International from $90.00 to $110.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Morgan Stanley increased their price target on shares of Johnson Controls International from $115.00 to $125.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. The Goldman Sachs Group upped their price objective on shares of Johnson Controls International from $119.00 to $124.00 and gave the company a "buy" rating in a research note on Monday, September 15th. Finally, Citigroup upped their price objective on shares of Johnson Controls International from $110.00 to $112.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Nine analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $108.28.

Johnson Controls International Trading Up 1.7%

NYSE:JCI opened at $109.97 on Wednesday. The company has a 50-day moving average price of $106.89 and a 200-day moving average price of $97.86. Johnson Controls International plc has a 12 month low of $68.03 and a 12 month high of $112.63. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50. The stock has a market cap of $71.96 billion, a price-to-earnings ratio of 32.63, a P/E/G ratio of 1.92 and a beta of 1.31.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.99 by $0.06. Johnson Controls International had a net margin of 9.53% and a return on equity of 14.71%. The firm had revenue of $6.05 billion during the quarter, compared to analysts' expectations of $5.99 billion. Johnson Controls International has set its FY 2025 guidance at 3.650-3.680 EPS. Q4 2025 guidance at 1.140-1.170 EPS. Equities analysts predict that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Monday, September 22nd will be given a dividend of $0.40 per share. This is an increase from Johnson Controls International's previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $1.60 dividend on an annualized basis and a yield of 1.5%. Johnson Controls International's dividend payout ratio is 47.48%.

Johnson Controls International announced that its board has authorized a share repurchase plan on Friday, June 13th that permits the company to buyback $9.00 billion in shares. This buyback authorization permits the company to purchase up to 13.4% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its shares are undervalued.

Insider Transactions at Johnson Controls International

In related news, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $105.06, for a total transaction of $149,395.32. Following the completion of the transaction, the vice president directly owned 139,459 shares of the company's stock, valued at $14,651,562.54. This trade represents a 1.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the firm's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $105.73, for a total transaction of $625,604.41. Following the sale, the vice president owned 25,005 shares of the company's stock, valued at approximately $2,643,778.65. This represents a 19.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,761 shares of company stock valued at $922,447. 0.54% of the stock is currently owned by corporate insiders.

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.

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 - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.