Bank of Hawaii Acquires New Stake in Johnson Controls International plc $JCI

Key Points

• Bank of Hawaii has acquired a new stake in Johnson Controls International plc, purchasing 2,934 shares valued at approximately $235,000 in the first quarter of the year.
• In recent months, several hedge funds have significantly increased their positions in Johnson Controls International, with Allspring Global Investments Holdings LLC notably increasing their ownership by 2,213.5%.
• Analysts have raised their price targets for Johnson Controls International, with Wells Fargo increasing theirs from $100.00 to $130.00 and Morgan Stanley from $115.00 to $125.00.

Bank of Hawaii acquired a new stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,934 shares of the company's stock, valued at approximately $235,000.

Other hedge funds also recently bought and sold shares of the company. Cerity Partners LLC increased its position in Johnson Controls International by 69.8% during the first quarter. Cerity Partners LLC now owns 113,059 shares of the company's stock valued at $9,057,000 after acquiring an additional 46,459 shares during the last quarter. G&S Capital LLC increased its position in Johnson Controls International by 81.4% during the first quarter. G&S Capital LLC now owns 30,342 shares of the company's stock valued at $2,431,000 after acquiring an additional 13,612 shares during the last quarter. GAMMA Investing LLC increased its position in Johnson Controls International by 27.8% during the first quarter. GAMMA Investing LLC now owns 14,720 shares of the company's stock valued at $1,179,000 after acquiring an additional 3,201 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Johnson Controls International by 2,213.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 709,431 shares of the company's stock valued at $57,748,000 after acquiring an additional 678,766 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC increased its position in Johnson Controls International by 22.4% during the first quarter. Dynamic Advisor Solutions LLC now owns 5,987 shares of the company's stock valued at $480,000 after acquiring an additional 1,096 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company's stock.

Insider Buying and Selling

In related news, VP Anuruddha Rathninde sold 15,000 shares of the stock in a transaction that occurred 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 directly owned 42,574 shares of the company's stock, valued at approximately $4,390,656.62. This represents a 26.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $103.69, for a total value of $147,447.18. Following the transaction, the vice president directly 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,266 shares of company stock valued at $1,986,931. 0.54% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Robert W. Baird upped their price target on Johnson Controls International from $90.00 to $110.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Vertical Research upgraded Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 price target for the company in a research report on Thursday, May 8th. Wells Fargo & Company upped their price target on Johnson Controls International from $100.00 to $130.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Morgan Stanley upped their price target on Johnson Controls International from $115.00 to $125.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Finally, The Goldman Sachs Group upped their price target on Johnson Controls International from $103.00 to $116.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Nine investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $105.72.

Johnson Controls International Stock Performance

NYSE JCI opened at $106.46 on Tuesday. The firm has a market cap of $69.67 billion, a price-to-earnings ratio of 31.59, a price-to-earnings-growth ratio of 1.91 and a beta of 1.30. 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 business has a 50-day moving average price of $105.90 and a 200-day moving average price of $93.75. Johnson Controls International plc has a twelve month low of $67.68 and a twelve month high of $112.63.

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, topping analysts' consensus estimates of $0.99 by $0.06. The firm had revenue of $6.05 billion during 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. As a group, equities research 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 share repurchase plan on Friday, June 13th that permits the company to buyback $9.00 billion in shares. This buyback authorization permits the company to repurchase up to 13.4% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's management believes its shares are undervalued.

Johnson Controls International Dividend Announcement

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

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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