Kodai Capital Management LP Takes $32.05 Million Position in Johnson Controls International plc $JCI

Key Points

• Kodai Capital Management LP has acquired 400,113 shares of Johnson Controls International plc, worth approximately $32 million, making it the company's 26th largest holding.
• Analysts have raised price targets for Johnson Controls International, with Wells Fargo increasing its price objective to $130, while the average target price now stands at $105.72.
• The company announced a quarterly dividend of $0.37 per share, with an annualized yield of 1.4%, alongside a stock buyback program authorizing the purchase of up to $9 billion in shares.

Kodai Capital Management LP purchased a new position in Johnson Controls International plc (NYSE:JCI - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 400,113 shares of the company's stock, valued at approximately $32,053,000. Johnson Controls International accounts for approximately 1.3% of Kodai Capital Management LP's portfolio, making the stock its 26th largest position. Kodai Capital Management LP owned approximately 0.06% of Johnson Controls International at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Evergreen Capital Management LLC boosted its stake in Johnson Controls International by 20.5% during the first quarter. Evergreen Capital Management LLC now owns 8,364 shares of the company's stock valued at $673,000 after buying an additional 1,423 shares during the period. Canada Pension Plan Investment Board raised its position in Johnson Controls International by 83.4% during the first quarter. Canada Pension Plan Investment Board now owns 820,262 shares of the company's stock valued at $65,711,000 after purchasing an additional 373,100 shares in the last quarter. GKV Capital Management Co. Inc. purchased a new position in shares of Johnson Controls International in the first quarter worth about $72,000. WPG Advisers LLC purchased a new position in shares of Johnson Controls International in the first quarter worth about $36,000. Finally, State of Wyoming increased its holdings in shares of Johnson Controls International by 37.9% in the first quarter. State of Wyoming now owns 3,431 shares of the company's stock worth $275,000 after buying an additional 943 shares during the period. 90.05% of the stock is owned by institutional investors.

Johnson Controls International Stock Performance

Shares of NYSE:JCI traded down $0.92 during midday trading on Wednesday, hitting $105.04. The company had a trading volume of 945,599 shares, compared to its average volume of 4,738,210. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.96 and a quick ratio of 0.81. The company has a market cap of $68.74 billion, a price-to-earnings ratio of 31.17, a PEG ratio of 1.90 and a beta of 1.31. Johnson Controls International plc has a 12-month low of $67.68 and a 12-month high of $112.63. The company has a fifty day moving average of $106.42 and a two-hundred day moving average of $94.49.

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

Johnson Controls International Announces Dividend

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

Johnson Controls International announced that its Board of Directors has initiated 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 repurchase up to 13.4% of its stock through open market purchases. Stock buyback plans are often a sign that the company's management believes its shares are undervalued.

Analyst Ratings Changes

Several analysts recently issued reports on JCI shares. UBS Group reissued a "buy" rating and issued a $116.00 target price (up from $103.00) on shares of Johnson Controls International in a research note on Thursday, May 22nd. Jefferies Financial Group reaffirmed a "hold" rating and set a $120.00 price objective on shares of Johnson Controls International in a research report on Thursday, July 24th. Citigroup boosted their price target on Johnson Controls International from $110.00 to $112.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Vertical Research raised Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 price target on the stock in a research report on Thursday, May 8th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Johnson Controls International from $81.00 to $98.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Nine investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $105.72.

Insider Activity

In other Johnson Controls International news, VP Anuruddha Rathninde sold 15,000 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $103.13, for a total transaction of $1,546,950.00. Following the completion of the transaction, the vice president owned 42,574 shares of the company's stock, valued at $4,390,656.62. This represents a 26.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $103.69, for a total transaction of $147,447.18. Following the transaction, 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 disclosure for this sale can be found here. Insiders have sold a total of 17,844 shares of company stock valued at $1,843,451 in the last three months. Insiders own 0.54% of the company's stock.

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.