Dimensional Fund Advisors LP Has $459.64 Million Stock Position in Johnson Controls International plc $JCI

Key Points

• Dimensional Fund Advisors LP reduced its stake in Johnson Controls International by 4.2%, selling 250,497 shares and now owns approximately 0.87% of the company, valued at $459.6 million.
• Johnson Controls announced a share buyback plan of $9 billion, allowing it to repurchase up to 13.4% of its shares, indicating confidence in its stock's valuation.
• Research analysts have a consensus rating of "Hold" for Johnson Controls with an average price target of $105.17, reflecting mixed sentiments among analysts about the stock's future performance.

Dimensional Fund Advisors LP decreased its holdings in Johnson Controls International plc (NYSE:JCI - Free Report) by 4.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,738,177 shares of the company's stock after selling 250,497 shares during the quarter. Dimensional Fund Advisors LP owned about 0.87% of Johnson Controls International worth $459,636,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in JCI. Cerity Partners LLC boosted its stake in Johnson Controls International by 69.8% in the 1st quarter. Cerity Partners LLC now owns 113,059 shares of the company's stock worth $9,057,000 after buying an additional 46,459 shares during the last quarter. G&S Capital LLC raised its holdings in shares of Johnson Controls International by 81.4% in the 1st quarter. G&S Capital LLC now owns 30,342 shares of the company's stock worth $2,431,000 after purchasing an additional 13,612 shares during the period. GAMMA Investing LLC raised its holdings in shares of Johnson Controls International by 27.8% in the 1st quarter. GAMMA Investing LLC now owns 14,720 shares of the company's stock worth $1,179,000 after purchasing an additional 3,201 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Johnson Controls International by 2,213.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 709,431 shares of the company's stock worth $57,748,000 after purchasing an additional 678,766 shares during the period. Finally, Dynamic Advisor Solutions LLC raised its holdings in shares of Johnson Controls International by 22.4% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 5,987 shares of the company's stock worth $480,000 after purchasing an additional 1,096 shares during the period. Institutional investors and hedge funds own 90.05% of the company's stock.

Insiders Place Their Bets

In other news, VP Nathan D. Manning sold 1,422 shares of the business's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $103.69, for a total transaction of $147,447.18. Following the sale, the vice president directly owned 140,881 shares of the company's stock, valued at $14,607,950.89. The trade was a 1.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Anuruddha Rathninde sold 15,000 shares of the business's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $103.13, for a total value of $1,546,950.00. Following the sale, the vice president directly owned 42,574 shares in the company, valued at $4,390,656.62. This trade represents a 26.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,266 shares of company stock worth $1,986,931 over the last ninety days. 0.54% of the stock is owned by insiders.

Johnson Controls International Price Performance

Shares of JCI traded down $1.29 during midday trading on Thursday, reaching $104.71. The stock had a trading volume of 857,138 shares, compared to its average volume of 4,747,125. Johnson Controls International plc has a 52 week low of $67.68 and a 52 week high of $112.63. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.96 and a quick ratio of 0.81. The firm's 50 day moving average price is $105.72 and its 200-day moving average price is $93.14. The company has a market capitalization of $68.52 billion, a P/E ratio of 31.10, a P/E/G ratio of 1.86 and a beta of 1.30.

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. The company had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.99 billion. Johnson Controls International had a return on equity of 14.71% and a net margin of 9.53%. 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, analysts forecast that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International declared that its Board of Directors has authorized a share repurchase plan on Friday, June 13th that allows the company to buyback $9.00 billion in outstanding shares. This buyback authorization allows the company to buy up to 13.4% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its stock is undervalued.

Johnson Controls International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Monday, June 23rd were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.4%. Johnson Controls International's payout ratio is 43.92%.

Analyst Ratings Changes

JCI has been the topic of several analyst reports. Zacks Research upgraded Johnson Controls International to a "hold" rating in a report on Monday, August 11th. JPMorgan Chase & Co. raised their target price on Johnson Controls International from $81.00 to $98.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Wells Fargo & Company raised their target price on Johnson Controls International from $100.00 to $130.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Citigroup raised their target price on Johnson Controls International from $110.00 to $112.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. Finally, UBS Group reiterated a "buy" rating and set a $116.00 target price (up from $103.00) on shares of Johnson Controls International in a report on Thursday, May 22nd. Nine research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $105.17.

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.