Concentric Capital Strategies LP acquired a new stake in Johnson Controls International plc (NYSE:JCI - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 82,386 shares of the company's stock, valued at approximately $6,600,000. Johnson Controls International makes up 0.6% of Concentric Capital Strategies LP's portfolio, making the stock its 27th biggest position.
Other institutional investors and hedge funds have also made changes to their positions in the company. Truvestments Capital LLC raised its position in shares of Johnson Controls International by 425.0% in the first quarter. Truvestments Capital LLC now owns 315 shares of the company's stock valued at $25,000 after buying an additional 255 shares during the last quarter. Accent Capital Management LLC acquired a new position in shares of Johnson Controls International in the first quarter valued at approximately $26,000. Cornerstone Planning Group LLC raised 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 valued at $28,000 after buying an additional 155 shares during the last quarter. Activest Wealth Management raised its position in shares of Johnson Controls International by 56.4% in the first quarter. Activest Wealth Management now owns 369 shares of the company's stock valued at $30,000 after buying an additional 133 shares during the last quarter. Finally, Community Bank N.A. acquired a new position in shares of Johnson Controls International in the first quarter valued at approximately $32,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on JCI shares. Citigroup boosted their price objective on shares of Johnson Controls International from $110.00 to $112.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Zacks Research raised shares of Johnson Controls International to a "hold" rating in a research report on Monday, August 11th. JPMorgan Chase & Co. boosted their target price on shares of Johnson Controls International from $81.00 to $98.00 and gave the company an "overweight" rating in a report on Friday, May 16th. The Goldman Sachs Group boosted their target price on shares of Johnson Controls International from $103.00 to $116.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Finally, Robert W. Baird boosted their target price on shares of Johnson Controls International from $90.00 to $110.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Nine research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $105.72.
View Our Latest Stock Report on Johnson Controls International
Johnson Controls International Trading Down 1.0%
JCI traded down $1.03 during trading on Friday, hitting $106.06. 4,278,864 shares of the company's stock were exchanged, compared to its average volume of 4,970,083. 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 plc has a 1 year low of $67.68 and a 1 year high of $112.63. The stock 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 P/E ratio of 31.47, a price-to-earnings-growth ratio of 1.89 and a beta of 1.31.
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 (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.06. Johnson Controls International had a net margin of 9.53% and a return on equity of 14.71%. The company had revenue of $6.05 billion during the quarter, compared to the consensus estimate 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. As a group, analysts expect that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.
Johnson Controls International Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Monday, June 23rd were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.4%. The ex-dividend date was Monday, June 23rd. Johnson Controls International's payout ratio is currently 43.92%.
Johnson Controls International declared that its Board of Directors has authorized 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 repurchase up to 13.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.
Insider Activity at Johnson Controls International
In other news, VP Daniel C. Mcconeghy sold 5,917 shares of the company's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $105.73, for a total value of $625,604.41. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction of $149,395.32. Following the completion of the transaction, the vice president owned 139,459 shares of the company's stock, valued at $14,651,562.54. This trade represents 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. 0.54% of the stock is owned by insiders.
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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