483,200 Shares in Johnson Controls International plc $JCI Acquired by Talaria Asset Management Pty Ltd

Key Points

• Talaria Asset Management Pty Ltd acquired a stake of 483,200 shares in Johnson Controls International plc, valued at approximately $39,000, making it their 8th largest position.
• Several hedge funds, including Vanguard Group Inc. and Raymond James Financial Inc., have increased their positions in Johnson Controls International, indicating significant institutional interest in the company.
• Johnson Controls International recently announced a $9.00 billion share repurchase plan and paid a quarterly dividend of $0.37 per share, reflecting confidence in its financial position.

Talaria Asset Management Pty Ltd purchased a new stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The fund purchased 483,200 shares of the company's stock, valued at approximately $39,000. Johnson Controls International makes up 0.0% of Talaria Asset Management Pty Ltd's investment portfolio, making the stock its 8th largest position. Talaria Asset Management Pty Ltd owned approximately 0.07% of Johnson Controls International at the end of the most recent quarter.

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

Insider Activity

In other Johnson Controls International news, VP Anuruddha Rathninde sold 15,000 shares of the firm's stock in a transaction that occurred on 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 sale, the vice president owned 42,574 shares of the company's stock, valued at approximately $4,390,656.62. This trade represents a 26.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Nathan D. Manning sold 1,422 shares of the company's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $103.69, for a total transaction of $147,447.18. Following the transaction, the vice president owned 140,881 shares of the company's stock, valued at approximately $14,607,950.89. The trade was a 1.00% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,266 shares of company stock valued at $1,986,931. 0.54% of the stock is currently owned by insiders.

Johnson Controls International Stock Down 0.7%

NYSE:JCI opened at $106.46 on Tuesday. The company has a market cap of $69.67 billion, a PE ratio of 31.59, a P/E/G ratio of 1.91 and a beta of 1.30. Johnson Controls International plc has a twelve month low of $67.68 and a twelve 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 company's 50 day moving average is $105.90 and its two-hundred day moving average is $93.75.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.06. The firm had revenue of $6.05 billion during the quarter, compared to analysts' expectations 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. Analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International declared that its Board of Directors has authorized a share 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 purchase up to 13.4% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Johnson Controls International Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on JCI shares. Robert W. Baird increased their price target on shares of Johnson Controls International from $90.00 to $110.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft upgraded shares of Johnson Controls International from a "hold" rating to a "buy" rating and increased their price target for the stock from $101.00 to $112.00 in a research report on Monday, May 12th. Zacks Research upgraded shares of Johnson Controls International to a "hold" rating in a research report on Monday, August 11th. The Goldman Sachs Group raised their target price on shares of Johnson Controls International from $103.00 to $116.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Finally, Oppenheimer cut shares of Johnson Controls International from an "outperform" rating to a "market perform" rating in a research note on Friday, June 20th. Nine research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $105.72.

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.

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