American Century Companies Inc. Has $246.39 Million Stock Holdings in Johnson Controls International plc $JCI

Key Points

• American Century Companies Inc. has increased its stake in Johnson Controls International plc by 12.8%, acquiring an additional 349,209 shares, bringing its total ownership to approximately 3,075,629 shares valued at $246.39 million.
• Johnson Controls announced a $9 billion stock repurchase plan which allows the buyback of up to 13.4% of its stock, suggesting the management's belief that the stock is undervalued.
• The company reported a quarterly earnings per share of $1.05, exceeding analysts' expectations of $0.99, while its revenue stood at $6.05 billion, above the estimated $5.99 billion.

American Century Companies Inc. grew its stake in Johnson Controls International plc (NYSE:JCI - Free Report) by 12.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,075,629 shares of the company's stock after buying an additional 349,209 shares during the period. American Century Companies Inc. owned approximately 0.47% of Johnson Controls International worth $246,389,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in JCI. Accent Capital Management LLC acquired a new stake in shares of Johnson Controls International in the first quarter worth about $26,000. Cornerstone Planning Group LLC lifted its position in shares of Johnson Controls International by 74.5% in the first quarter. Cornerstone Planning Group LLC now owns 363 shares of the company's stock worth $28,000 after buying an additional 155 shares during the last quarter. Community Bank N.A. bought a new position in shares of Johnson Controls International in the first quarter worth about $32,000. Rossby Financial LCC bought a new position in shares of Johnson Controls International in the first quarter worth about $42,000. Finally, Bartlett & CO. Wealth Management LLC bought a new position in shares of Johnson Controls International in the first quarter worth about $43,000. Institutional investors and hedge funds own 90.05% of the company's stock.

Insider Activity at Johnson Controls International

In other news, VP Anuruddha Rathninde sold 15,000 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $103.13, for a total value of $1,546,950.00. Following the transaction, the vice president directly owned 42,574 shares of the company's stock, valued at $4,390,656.62. The trade was a 26.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $103.69, for a total value of $147,447.18. Following the completion of the transaction, the vice president directly owned 140,881 shares in the company, valued at $14,607,950.89. The trade was a 1.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,266 shares of company stock worth $1,986,931 over the last three months. 0.54% of the stock is owned by company insiders.

Johnson Controls International Price Performance

Shares of JCI stock traded up $0.7160 during trading hours on Wednesday, hitting $105.2360. The company had a trading volume of 1,008,728 shares, compared to its average volume of 4,746,297. Johnson Controls International plc has a 12 month low of $67.68 and a 12 month high of $112.63. The firm has a market capitalization of $68.87 billion, a price-to-earnings ratio of 31.23, a PEG ratio of 1.88 and a beta of 1.30. The firm's fifty day moving average is $105.67 and its 200 day moving average is $93.05. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 0.96.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.06. The company had revenue of $6.05 billion for the quarter, compared to analyst estimates 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. On average, sell-side analysts predict that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

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

Johnson Controls International Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have recently commented on JCI. Morgan Stanley lifted their price objective on Johnson Controls International from $105.00 to $115.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Citigroup lifted their price objective on Johnson Controls International from $110.00 to $112.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. The Goldman Sachs Group lifted their price objective on Johnson Controls International from $103.00 to $116.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Barclays lifted their price objective on Johnson Controls International from $100.00 to $101.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. Finally, UBS Group reiterated a "buy" rating and issued a $116.00 price objective (up from $103.00) on shares of Johnson Controls International in a research note on Thursday, May 22nd. Nine equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, Johnson Controls International has an average rating of "Hold" and an average price target of $105.17.

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.