Alkeon Capital Management LLC Takes Position in Johnson Controls International plc $JCI

Key Points

• Alkeon Capital Management LLC acquired 1,400,000 shares of Johnson Controls International plc valued at approximately $112.15 million, representing about 0.21% of the company as of their recent filing.
• Johnson Controls reported a quarterly EPS of $1.05, exceeding estimates, with revenues of $6.05 billion and a net margin of 9.53%.
• The company initiated a $9 billion share repurchase program to buy back up to 13.4% of its shares, suggesting that management believes the stock is undervalued.

Alkeon Capital Management LLC bought a new stake in Johnson Controls International plc (NYSE:JCI - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,400,000 shares of the company's stock, valued at approximately $112,154,000. Alkeon Capital Management LLC owned about 0.21% of Johnson Controls International as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in Johnson Controls International by 0.4% during the first quarter. Vanguard Group Inc. now owns 68,444,686 shares of the company's stock worth $5,483,104,000 after buying an additional 288,576 shares during the last quarter. Raymond James Financial Inc. increased its position in 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 worth $591,078,000 after buying an additional 178,169 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in 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 worth $486,887,000 after buying an additional 777,031 shares during the last quarter. American Century Companies Inc. increased its position 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 worth $246,389,000 after buying an additional 349,209 shares during the last quarter. Finally, Deutsche Bank AG increased its position in Johnson Controls International by 13.1% during the first quarter. Deutsche Bank AG now owns 2,741,147 shares of the company's stock worth $219,593,000 after buying an additional 317,266 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

Johnson Controls International Price Performance

Shares of JCI stock traded up $1.71 during trading on Thursday, hitting $107.05. The company had a trading volume of 2,572,370 shares, compared to its average volume of 4,974,390. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 0.96. The firm has a market capitalization of $70.05 billion, a P/E ratio of 31.76, a price-to-earnings-growth ratio of 1.88 and a beta of 1.31. The stock's 50-day moving average price is $106.51 and its 200 day moving average price is $94.69. Johnson Controls International plc has a one year low of $67.68 and a one year high of $112.63.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its quarterly 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 business had revenue of $6.05 billion during the quarter, compared to analysts' expectations of $5.99 billion. Johnson Controls International had a return on equity of 14.71% and a net margin of 9.53%. 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 expect that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International declared that its board has approved a share repurchase program on Friday, June 13th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to buy up to 13.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its shares are undervalued.

Johnson Controls International Dividend Announcement

The firm 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 was Monday, June 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.4%. Johnson Controls International's dividend payout ratio (DPR) is presently 43.92%.

Insider Transactions at Johnson Controls International

In other news, VP Anuruddha Rathninde sold 15,000 shares of the business's stock in a transaction on Friday, June 6th. The stock was 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 approximately $4,390,656.62. The trade was a 26.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the business's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $105.73, for a total value of $625,604.41. Following the transaction, the vice president directly owned 25,005 shares of the company's stock, valued at $2,643,778.65. This trade represents a 19.14% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,183 shares of company stock valued at $2,618,451. Corporate insiders own 0.54% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on JCI. JPMorgan Chase & Co. upped their target price on Johnson Controls International from $81.00 to $98.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Morgan Stanley upped their target price on Johnson Controls International from $115.00 to $125.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. The Goldman Sachs Group upped their target price on Johnson Controls International from $103.00 to $116.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. 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 research report on Thursday, July 17th. Finally, Citigroup upped their target price on Johnson Controls International from $110.00 to $112.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Nine analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $105.72.

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.