Alliancebernstein L.P. Buys 55,219 Shares of Johnson Controls International plc $JCI

Alliancebernstein L.P. lifted its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 7.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 770,847 shares of the company's stock after purchasing an additional 55,219 shares during the quarter. Alliancebernstein L.P. owned about 0.12% of Johnson Controls International worth $61,753,000 as of its most recent filing with the Securities & Exchange Commission.

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

Johnson Controls International Stock Performance

JCI traded down $0.24 during midday trading on Friday, hitting $107.59. 891,619 shares of the company traded hands, compared to its average volume of 4,710,840. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $70.40 billion, a PE ratio of 31.91, a price-to-earnings-growth ratio of 1.92 and a beta of 1.31. The company's 50-day moving average is $106.68 and its 200 day moving average is $95.35. Johnson Controls International plc has a 52 week low of $68.03 and a 52 week high of $112.63.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.99 by $0.06. The company had revenue of $6.05 billion for 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, research analysts expect 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 stock buyback program on Friday, June 13th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 13.4% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its shares are undervalued.

Johnson Controls International Increases Dividend

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

Insider Buying and Selling at Johnson Controls International

In other news, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $105.06, for a total transaction of $149,395.32. Following the transaction, the vice president directly owned 139,459 shares of the company's stock, valued at $14,651,562.54. This represents a 1.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the firm's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $105.73, for a total value of $625,604.41. Following the completion of the transaction, the vice president directly owned 25,005 shares in the company, valued at $2,643,778.65. The trade was a 19.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,183 shares of company stock worth $1,071,501 over the last three months. Insiders own 0.54% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on JCI. 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. Robert W. Baird boosted their target price on Johnson Controls International from $90.00 to $110.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Royal Bank Of Canada boosted their target price on Johnson Controls International from $112.00 to $114.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 30th. Jefferies Financial Group reissued a "hold" rating and issued a $120.00 target price on shares of Johnson Controls International in a report on Thursday, July 24th. Finally, JPMorgan Chase & Co. upped their price target on shares of Johnson Controls International from $81.00 to $98.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Nine analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, Johnson Controls International has an average rating of "Hold" and a consensus price target of $105.72.

Johnson Controls International Company 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.