Bayforest Capital Ltd Has $55,000 Stock Holdings in Johnson Controls International plc $JCI

Key Points

• Bayforest Capital Ltd reduced its holdings in Johnson Controls International plc by 77.7% in Q1, owning only 688 shares after selling 2,397 shares.
• Johnson Controls recently declared a quarterly dividend of $0.40, an increase from $0.37, with a 1.5% dividend yield.
• The company's board approved a $9 billion stock repurchase plan, indicating belief that its stock is undervalued.

Bayforest Capital Ltd trimmed its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 77.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 688 shares of the company's stock after selling 2,397 shares during the quarter. Bayforest Capital Ltd's holdings in Johnson Controls International were worth $55,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake 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. boosted its stake in Johnson Controls International by 2.5% in the first quarter. Raymond James Financial Inc. now owns 7,378,331 shares of the company's stock valued at $591,078,000 after acquiring an additional 178,169 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Johnson Controls International by 3.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,354,069 shares of the company's stock valued at $509,024,000 after acquiring an additional 185,476 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Johnson Controls International by 14.4% in 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 purchasing an additional 777,031 shares during the period. Finally, Amundi raised its holdings in Johnson Controls International by 22.2% in the first quarter. Amundi now owns 4,731,377 shares of the company's stock worth $366,412,000 after purchasing an additional 860,899 shares during the period. 90.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on JCI shares. The Goldman Sachs Group increased their target price on shares of Johnson Controls International from $103.00 to $116.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Citigroup increased their target price on shares of Johnson Controls International from $110.00 to $112.00 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Jefferies Financial Group reiterated a "hold" rating and issued a $120.00 target price on shares of Johnson Controls International in a report on Thursday, July 24th. Barclays increased their target price on shares of 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, Robert W. Baird raised their price objective on shares of Johnson Controls International from $90.00 to $110.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Nine equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $105.72.

Johnson Controls International Stock Performance

NYSE JCI traded up $0.26 during trading on Monday, reaching $107.79. The company's stock had a trading volume of 4,277,722 shares, compared to its average volume of 4,137,854. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $70.54 billion, a price-to-earnings ratio of 31.98, a price-to-earnings-growth ratio of 1.92 and a beta of 1.31. Johnson Controls International plc has a 12 month low of $68.03 and a 12 month high of $112.63. The firm has a 50 day moving average price of $106.74 and a 200 day moving average price of $95.82.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.99 by $0.06. The firm had revenue of $6.05 billion during 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. As a group, equities analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Monday, September 22nd will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $1.60 dividend on an annualized basis and a yield of 1.5%. This is an increase from Johnson Controls International's previous quarterly dividend of $0.37. Johnson Controls International's payout ratio is presently 43.92%.

Johnson Controls International declared that its Board of Directors has approved a stock repurchase plan on Friday, June 13th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to purchase up to 13.4% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.

Insider Activity at Johnson Controls International

In other news, VP Nathan D. Manning sold 1,422 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the vice president directly owned 139,459 shares in the company, valued at approximately $14,651,562.54. The trade was a 1.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the business's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $105.73, for a total transaction of $625,604.41. Following the completion of the transaction, the vice president owned 25,005 shares of the company's stock, 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 sold a total of 10,183 shares of company stock valued at $1,071,501 over the last 90 days. Corporate insiders own 0.54% of the company's stock.

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.