Amundi grew its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 22.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,731,377 shares of the company's stock after purchasing an additional 860,899 shares during the quarter. Amundi owned about 0.72% of Johnson Controls International worth $366,412,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Truvestments Capital LLC increased its position 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 worth $25,000 after purchasing an additional 255 shares during the last quarter. Accent Capital Management LLC acquired a new position in shares of Johnson Controls International during the 1st quarter worth approximately $26,000. Cornerstone Planning Group LLC increased its position in shares of Johnson Controls International by 74.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 363 shares of the company's stock worth $28,000 after purchasing an additional 155 shares during the last quarter. Activest Wealth Management increased its position in shares of Johnson Controls International by 56.4% during the 1st quarter. Activest Wealth Management now owns 369 shares of the company's stock worth $30,000 after purchasing an additional 133 shares during the last quarter. Finally, Community Bank N.A. acquired a new position in shares of Johnson Controls International during the 1st quarter worth approximately $32,000. Institutional investors and hedge funds own 90.05% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on JCI shares. Wells Fargo & Company boosted their target price on Johnson Controls International from $100.00 to $130.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. 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. Citigroup boosted their target price on Johnson Controls International from $110.00 to $112.00 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Barclays boosted their target price on Johnson Controls International from $100.00 to $101.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 30th. Finally, Morgan Stanley boosted their target price on Johnson Controls International from $115.00 to $125.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Nine research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $105.72.
Read Our Latest Stock Report on Johnson Controls International
Johnson Controls International Stock Performance
JCI traded down $1.03 during trading on Friday, hitting $106.06. The stock had a trading volume of 4,278,864 shares, compared to its average volume of 4,970,083. The company has a 50 day moving average price of $106.53 and a 200-day moving average price of $94.82. The firm has a market cap of $69.40 billion, a price-to-earnings ratio of 31.47, a P/E/G ratio of 1.89 and a beta of 1.31. Johnson Controls International plc has a one year low of $67.68 and a one year high of $112.63. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.96 and a quick ratio of 0.81.
Johnson Controls International (NYSE:JCI - Get Free Report) last released 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 the consensus estimate 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. As a group, research analysts predict that Johnson Controls International plc will post 3.64 EPS for the current year.
Johnson Controls International Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Monday, June 23rd were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Monday, June 23rd. Johnson Controls International's dividend payout ratio is presently 43.92%.
Johnson Controls International announced that its Board of Directors has authorized a stock repurchase plan on Friday, June 13th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to buy up to 13.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.
Insiders Place Their Bets
In other news, VP Daniel C. Mcconeghy sold 5,917 shares of the company's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $105.73, for a total transaction of $625,604.41. Following the completion of the sale, the vice president directly owned 25,005 shares in the company, valued at approximately $2,643,778.65. This represents a 19.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Nathan D. Manning sold 1,422 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $105.06, for a total value of $149,395.32. Following the sale, the vice president owned 139,459 shares of the company's stock, valued at approximately $14,651,562.54. The trade was a 1.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,183 shares of company stock valued at $1,071,501. Corporate insiders own 0.54% of the company's stock.
About Johnson Controls International
(
Free Report)
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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