2,900 Shares in Johnson Controls International plc $JCI Bought by Versor Investments LP

Key Points

• Versor Investments LP has acquired 2,900 shares of Johnson Controls International plc valued at approximately $232,000 as part of their new position in the company during the first quarter.
• Insiders, including VP Anuruddha Rathninde, sold over 19,000 shares of the company's stock worth nearly $2 million in the last three months, indicating a decrease in their ownership.
• Several brokerages raised their price targets for Johnson Controls' stock, with Wells Fargo setting a new target of$130.00 and Goldman Sachs adjusting theirs to $116.00, reflecting positive growth expectations.

Versor Investments LP bought a new position in Johnson Controls International plc (NYSE:JCI - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,900 shares of the company's stock, valued at approximately $232,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Johnson Controls International by 0.4% in the first quarter. Vanguard Group Inc. now owns 68,444,686 shares of the company's stock valued at $5,483,104,000 after buying an additional 288,576 shares during the period. Raymond James Financial Inc. lifted its holdings in Johnson Controls International by 2.5% in the 1st quarter. Raymond James Financial Inc. now owns 7,378,331 shares of the company's stock valued at $591,078,000 after acquiring an additional 178,169 shares during the last quarter. Northern Trust Corp boosted its position in shares of Johnson Controls International by 18.1% during the 4th quarter. Northern Trust Corp now owns 6,690,781 shares of the company's stock valued at $528,103,000 after purchasing an additional 1,026,623 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Johnson Controls International by 14.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,168,593 shares of the company's stock worth $486,887,000 after purchasing an additional 777,031 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in Johnson Controls International by 12.8% during the first quarter. American Century Companies Inc. now owns 3,075,629 shares of the company's stock valued at $246,389,000 after purchasing an additional 349,209 shares during the last quarter. Institutional investors own 90.05% of the company's stock.

Johnson Controls International Stock Up 0.0%

NYSE:JCI traded up $0.02 on Thursday, hitting $109.29. 619,750 shares of the company's stock traded hands, compared to its average volume of 4,746,008. The company has a market cap of $71.52 billion, a PE ratio of 32.43, a price-to-earnings-growth ratio of 1.93 and a beta of 1.30. Johnson Controls International plc has a 1 year low of $67.68 and a 1 year 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 firm has a 50-day moving average price of $106.11 and a 200-day moving average price of $93.96.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its quarterly 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 business 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 anticipate that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Monday, June 23rd were paid a $0.37 dividend. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.4%. Johnson Controls International's dividend payout ratio is 43.92%.

Johnson Controls International declared that its Board of Directors has authorized a stock repurchase plan on Friday, June 13th that allows the company to buyback $9.00 billion in outstanding shares. This buyback authorization allows the company to buy up to 13.4% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on JCI shares. UBS Group restated a "buy" rating and set a $116.00 target price (up from $103.00) on shares of Johnson Controls International in a report on Thursday, May 22nd. Deutsche Bank Aktiengesellschaft upgraded Johnson Controls International from a "hold" rating to a "buy" rating and lifted their target price for the stock from $101.00 to $112.00 in a report on Monday, May 12th. Robert W. Baird upped their target price on Johnson Controls International from $90.00 to $110.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Jefferies Financial Group reissued a "hold" rating and issued a $120.00 price target on shares of Johnson Controls International in a research note on Thursday, July 24th. Finally, JPMorgan Chase & Co. boosted their price objective on Johnson Controls International from $81.00 to $98.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Nine analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, Johnson Controls International presently has an average rating of "Hold" and an average price target of $105.72.

Insider Buying and Selling at Johnson Controls International

In other news, VP Nathan D. Manning sold 1,422 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $103.69, for a total transaction of $147,447.18. Following the completion of the sale, the vice president directly owned 140,881 shares of the company's stock, valued at $14,607,950.89. This trade represents a 1.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Anuruddha Rathninde sold 15,000 shares of Johnson Controls International stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $103.13, for a total value of $1,546,950.00. Following the sale, the vice president owned 42,574 shares of the company's stock, valued at approximately $4,390,656.62. This represents a 26.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,266 shares of company stock valued at $1,986,931. 0.54% of the stock is owned by corporate insiders.

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.