Caisse DE Depot ET Placement DU Quebec Invests $20.03 Million in Johnson Controls International plc $JCI

Key Points

• Caisse DE Depot ET Placement DU Quebec made a new investment in Johnson Controls International plc, acquiring 250,000 shares valued at approximately $20.03 million.
• Johnson Controls announced a quarterly dividend of $0.37 per share, with an annual yield of 1.4% and a payout ratio of 43.92%.
• The company received positive analyst upgrades, with Morgan Stanley raising its price target from $115.00 to $125.00, giving it an "overweight" rating.

Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 250,000 shares of the company's stock, valued at approximately $20,028,000.

A number of other institutional investors have also recently added to or reduced their stakes in JCI. Brighton Jones LLC purchased a new position in Johnson Controls International during the fourth quarter worth approximately $222,000. Bank Pictet & Cie Europe AG increased its stake in Johnson Controls International by 67.4% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 88,569 shares of the company's stock worth $6,991,000 after acquiring an additional 35,655 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in Johnson Controls International by 21.1% during the fourth quarter. Integrated Wealth Concepts LLC now owns 9,842 shares of the company's stock worth $777,000 after acquiring an additional 1,713 shares during the last quarter. Kovitz Investment Group Partners LLC increased its stake in Johnson Controls International by 4.9% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 23,102 shares of the company's stock worth $1,823,000 after acquiring an additional 1,074 shares during the last quarter. Finally, Two Sigma Securities LLC increased its stake in Johnson Controls International by 478.5% during the fourth quarter. Two Sigma Securities LLC now owns 3,785 shares of the company's stock worth $299,000 after acquiring an additional 4,785 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company's stock.

Johnson Controls International Trading Down 1.6%

Johnson Controls International stock traded down $1.77 during midday trading on Friday, reaching $106.88. 4,216,482 shares of the stock traded hands, compared to its average volume of 5,098,977. The company has a 50-day simple moving average of $106.31 and a two-hundred day simple moving average of $94.22. 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 cap of $69.94 billion, a PE ratio of 31.71, a price-to-earnings-growth ratio of 1.93 and a beta of 1.30. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $0.99 by $0.06. Johnson Controls International had a return on equity of 14.71% and a net margin of 9.53%.The company had revenue of $6.05 billion during the quarter, compared to analysts' expectations of $5.99 billion. Johnson Controls International has set its FY 2025 guidance at 3.650-3.680 EPS. Q4 2025 guidance at 1.140-1.170 EPS. Research analysts expect that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

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

Johnson Controls International declared that its Board of Directors has initiated 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 stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Morgan Stanley raised their target price on Johnson Controls International from $115.00 to $125.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Zacks Research raised Johnson Controls International to a "hold" rating in a research note on Monday, August 11th. JPMorgan Chase & Co. raised their target price on Johnson Controls International from $81.00 to $98.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Vertical Research raised Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 target price for the company in a research note on Thursday, May 8th. Finally, Wells Fargo & Company raised their target price on Johnson Controls International from $100.00 to $130.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Nine investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, Johnson Controls International currently has an average rating of "Hold" and an average target price of $105.72.

Insider Activity

In other news, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction dated 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 owned 140,881 shares in the company, valued at approximately $14,607,950.89. This trade represents a 1.00% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Anuruddha Rathninde sold 15,000 shares of Johnson Controls International stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $103.13, for a total value of $1,546,950.00. Following the completion of the transaction, the vice president 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 disclosure for this sale can be found here. Insiders sold a total of 19,266 shares of company stock valued at $1,986,931 in the last quarter. Company insiders own 0.54% of the company's stock.

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.