Credit Agricole S A Lowers Stake in Johnson Controls International plc $JCI

Key Points

• Credit Agricole S A sold a total of 15,032 shares of Johnson Controls International plc, reducing its stake by 4.2% during the first quarter, resulting in ownership of approximately 341,255 shares valued at $27.3 million.
• Various large institutional investors have modified their positions in Johnson Controls, with a total of 90.05% of the company's shares owned by institutional investors, indicating strong institutional interest in the stock.
• Johnson Controls announced a $9 billion stock buyback plan, which is anticipated to enhance shareholder value and suggests that the board believes the company's shares are currently undervalued.

Credit Agricole S A cut its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 4.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 341,255 shares of the company's stock after selling 15,032 shares during the quarter. Credit Agricole S A owned 0.05% of Johnson Controls International worth $27,338,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. TIAA Trust National Association lifted its position in Johnson Controls International by 1.0% during the first quarter. TIAA Trust National Association now owns 11,339 shares of the company's stock valued at $908,000 after purchasing an additional 115 shares during the last quarter. Strategic Blueprint LLC lifted its position in Johnson Controls International by 4.3% during the first quarter. Strategic Blueprint LLC now owns 2,980 shares of the company's stock valued at $239,000 after purchasing an additional 123 shares during the last quarter. HighPoint Advisor Group LLC lifted its position in Johnson Controls International by 1.4% during the first quarter. HighPoint Advisor Group LLC now owns 8,976 shares of the company's stock valued at $739,000 after purchasing an additional 124 shares during the last quarter. Sfmg LLC lifted its position in Johnson Controls International by 4.5% during the first quarter. Sfmg LLC now owns 2,913 shares of the company's stock valued at $233,000 after purchasing an additional 125 shares during the last quarter. Finally, SeaCrest Wealth Management LLC lifted its position in Johnson Controls International by 2.7% during the first quarter. SeaCrest Wealth Management LLC now owns 5,060 shares of the company's stock valued at $405,000 after purchasing an additional 135 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors.

Johnson Controls International Trading Up 2.3%

Shares of NYSE JCI traded up $2.3630 during mid-day trading on Friday, hitting $107.1130. The stock had a trading volume of 5,090,912 shares, compared to its average volume of 5,762,699. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 0.96. Johnson Controls International plc has a 1 year low of $67.68 and a 1 year high of $112.63. The business has a 50 day moving average price of $105.86 and a two-hundred day moving average price of $93.58. The firm has a market cap of $70.09 billion, a P/E ratio of 31.78, a price-to-earnings-growth ratio of 1.91 and a beta of 1.30.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $1.05 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 for 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. On average, equities analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 18th. Investors 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 of this dividend was Monday, June 23rd. Johnson Controls International's payout ratio is presently 43.92%.

Johnson Controls International declared that its Board of Directors has initiated a share buyback plan on Friday, June 13th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 13.4% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Jefferies Financial Group reissued a "hold" rating and set a $120.00 price target on shares of Johnson Controls International in a research note on Thursday, July 24th. Barclays lifted their price target on shares of Johnson Controls International from $100.00 to $101.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. Robert W. Baird lifted their price target on shares of Johnson Controls International from $90.00 to $110.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Morgan Stanley lifted their price target on shares of Johnson Controls International from $115.00 to $125.00 and gave the stock an "overweight" rating in a research note on Thursday. Finally, Wells Fargo & Company lifted their price target on shares of 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 research 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 has a consensus rating of "Hold" and an average price target of $105.72.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, VP Anuruddha Rathninde sold 15,000 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $103.13, for a total transaction of $1,546,950.00. Following the transaction, the vice president directly owned 42,574 shares of the company's stock, valued at approximately $4,390,656.62. The trade was a 26.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the business's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $103.69, for a total transaction of $147,447.18. Following the transaction, the vice president directly owned 140,881 shares in the company, 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 ninety days, insiders sold 19,266 shares of company stock worth $1,986,931. 0.54% of the stock is 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.