Counterpoint Mutual Funds LLC Purchases Shares of 3,881 Johnson Controls International plc $JCI

Key Points

• Counterpoint Mutual Funds LLC has acquired a new position in Johnson Controls International plc, purchasing 3,881 shares valued at approximately $410,000 in the second quarter.
• Johnson Controls recently announced a quarterly dividend increase from $0.37 to $0.40 per share, with an annualized yield of 1.5% and a payout ratio of 47.48%.
• Analysts have raised their price targets for Johnson Controls, with expectations ranging from $107.58 to as high as $130.00, indicating strong support for the stock's performance.

Counterpoint Mutual Funds LLC acquired a new position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,881 shares of the company's stock, valued at approximately $410,000.

Other large investors have also recently made changes to their positions in the company. Truvestments Capital LLC lifted its stake in Johnson Controls International by 425.0% in the first quarter. Truvestments Capital LLC now owns 315 shares of the company's stock worth $25,000 after acquiring an additional 255 shares during the last quarter. Accent Capital Management LLC purchased a new stake in shares of Johnson Controls International in the 1st quarter valued at approximately $26,000. Cornerstone Planning Group LLC increased its position in shares of Johnson Controls International by 74.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 363 shares of the company's stock valued at $28,000 after purchasing an additional 155 shares during the last quarter. Activest Wealth Management raised its holdings in shares of Johnson Controls International by 56.4% in the 1st quarter. Activest Wealth Management now owns 369 shares of the company's stock valued at $30,000 after purchasing an additional 133 shares in the last quarter. Finally, Community Bank N.A. purchased a new stake in shares of Johnson Controls International during the 1st quarter worth $32,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Citigroup boosted their target price on shares of Johnson Controls International from $110.00 to $112.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. The Goldman Sachs Group lifted their price target on Johnson Controls International from $119.00 to $124.00 and gave the stock a "buy" rating in a report on Monday, September 15th. Morgan Stanley increased their price objective on Johnson Controls International from $115.00 to $125.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. 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 report on Wednesday, June 4th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and issued a $120.00 price target on shares of Johnson Controls International in a report on Thursday, July 24th. Ten analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $107.58.

Johnson Controls International Trading Down 1.0%

JCI opened at $108.21 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.50. Johnson Controls International plc has a 52 week low of $68.03 and a 52 week high of $112.63. The business's 50 day moving average is $106.98 and its two-hundred day moving average is $96.84. The firm has a market cap of $70.81 billion, a price-to-earnings ratio of 32.11, a price-to-earnings-growth ratio of 1.94 and a beta of 1.31.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $1.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $6.05 billion for the quarter, compared to analyst estimates 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. On average, research analysts predict that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Monday, September 22nd will be issued a dividend of $0.40 per share. This is an increase from Johnson Controls International's previous quarterly dividend of $0.37. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, September 22nd. Johnson Controls International's dividend payout ratio is 47.48%.

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

Insider Activity

In related news, VP Daniel C. Mcconeghy sold 5,917 shares of the business's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $105.73, for a total value of $625,604.41. Following the transaction, the vice president owned 25,005 shares in the company, valued at $2,643,778.65. The trade was a 19.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $105.06, for a total value of $149,395.32. Following the sale, the vice president directly owned 139,459 shares of the company's stock, valued at $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. Insiders sold a total of 10,183 shares of company stock worth $1,071,501 in the last 90 days. 0.54% of the stock is currently owned by insiders.

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.

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