Federation des caisses Desjardins du Quebec Increases Stock Holdings in Johnson Controls International plc $JCI

Key Points

• Federation des caisses Desjardins du Quebec increased its stake in Johnson Controls International by 8.0%, acquiring an additional 9,465 shares, bringing its total holdings to 127,571 shares valued at $10.2 million.
• Several analysts have upgraded Johnson Controls' stock ratings, with Robert W. Baird raising the price target from $90.00 to $110.00 and UBS Group increasing it to $116.00.
• Johnson Controls recently announced a $9 billion stock repurchase program, indicating the board's belief that the stock is undervalued.

Federation des caisses Desjardins du Quebec raised its holdings in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 8.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 127,571 shares of the company's stock after acquiring an additional 9,465 shares during the period. Federation des caisses Desjardins du Quebec's holdings in Johnson Controls International were worth $10,220,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of Johnson Controls International by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 68,444,686 shares of the company's stock valued at $5,483,104,000 after purchasing an additional 288,576 shares during the period. Raymond James Financial Inc. lifted its stake in shares of Johnson Controls International by 2.5% in the 1st quarter. Raymond James Financial Inc. now owns 7,378,331 shares of the company's stock valued at $591,078,000 after purchasing an additional 178,169 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Johnson Controls International by 14.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,168,593 shares of the company's stock valued at $486,887,000 after purchasing an additional 777,031 shares during the period. American Century Companies Inc. lifted its stake in shares of Johnson Controls International by 12.8% in the 1st quarter. American Century Companies Inc. now owns 3,075,629 shares of the company's stock valued at $246,389,000 after purchasing an additional 349,209 shares during the period. Finally, Deutsche Bank AG lifted its stake in shares of Johnson Controls International by 13.1% in the 1st quarter. Deutsche Bank AG now owns 2,741,147 shares of the company's stock valued at $219,593,000 after purchasing an additional 317,266 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Controls International Price Performance

Shares of NYSE JCI traded down $1.03 during mid-day trading on Friday, reaching $106.06. The company's stock had a trading volume of 4,278,864 shares, compared to its average volume of 4,970,083. The stock has a 50-day moving average of $106.53 and a two-hundred day moving average of $94.82. The stock has a market capitalization of $69.40 billion, a P/E ratio of 31.47, a P/E/G ratio of 1.89 and a beta of 1.31. 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.

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, beating analysts' consensus estimates of $0.99 by $0.06. The business had revenue of $6.05 billion during the quarter, compared to analysts' expectations of $5.99 billion. Johnson Controls International had a net margin of 9.53% and a return on equity of 14.71%. 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 research analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

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

Johnson Controls International Dividend Announcement

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

Insider Transactions at Johnson Controls International

In related news, VP Daniel C. Mcconeghy sold 5,917 shares of the company's stock in a transaction dated 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 sale, the vice president owned 25,005 shares of the company's stock, 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 SEC, which can be accessed through this link. Also, VP Nathan D. Manning sold 1,422 shares of the company's stock in a transaction dated 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 sale, the vice president directly owned 139,459 shares of the company's stock, valued at $14,651,562.54. This represents a 1.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,183 shares of company stock valued at $1,071,501 over the last quarter. Company insiders own 0.54% of the company's stock.

Analysts Set New Price Targets

JCI has been the subject of several analyst reports. 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 research note on Thursday, July 17th. Barclays lifted their price target on shares of Johnson Controls International from $100.00 to $101.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 30th. Royal Bank Of Canada upped their price objective on shares of Johnson Controls International from $112.00 to $114.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 30th. The Goldman Sachs Group upped their price objective on shares of Johnson Controls International from $103.00 to $116.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Finally, Citigroup upped their price objective on shares of Johnson Controls International from $110.00 to $112.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Nine investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, Johnson Controls International presently has an average rating of "Hold" and an average target price of $105.72.

Johnson Controls International 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.