First Pacific Financial Buys Shares of 4,731 Johnson Controls International plc $JCI

Key Points

• First Pacific Financial has acquired 4,731 shares of Johnson Controls International plc, valued at about $500,000, as part of its investment strategies revealed in a recent SEC filing.
• Several analysts have raised their target prices for Johnson Controls International, with estimates ranging from $101.00 to $125.00, indicating a generally positive outlook for the stock.
• Johnson Controls has recently increased its quarterly dividend to $0.40 per share and announced a $9 billion stock buyback plan, demonstrating strong confidence in its financial health.

First Pacific Financial bought a new stake 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 SEC. The fund bought 4,731 shares of the company's stock, valued at approximately $500,000.

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

Analysts Set New Price Targets

Several equities research analysts recently commented on JCI shares. Morgan Stanley boosted their target price on Johnson Controls International from $115.00 to $125.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Royal Bank Of Canada increased their target price on shares of Johnson Controls International from $112.00 to $114.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 30th. The Goldman Sachs Group increased their target price on shares of Johnson Controls International from $119.00 to $124.00 and gave the company a "buy" rating in a research note on Monday, September 15th. Citigroup increased their target price on shares of Johnson Controls International from $110.00 to $112.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Finally, Barclays increased their target price 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. Nine equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $108.28.

Johnson Controls International Stock Down 0.9%

JCI stock opened at $108.92 on Thursday. Johnson Controls International plc has a 52-week low of $68.03 and a 52-week high of $112.63. The company's 50 day simple moving average is $106.87 and its 200-day simple moving average is $97.93. 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 has a market capitalization of $71.28 billion, a P/E ratio of 32.32, a P/E/G ratio of 1.96 and a beta of 1.33.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $1.05 earnings per share (EPS) for the quarter, beating 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. As a group, equities research analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders 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 is Monday, September 22nd. Johnson Controls International's dividend payout ratio (DPR) is presently 47.48%.

Johnson Controls International declared that its board has authorized a stock buyback plan on Friday, June 13th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 13.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its shares are undervalued.

Insider Buying and Selling

In other news, VP Daniel C. Mcconeghy sold 5,917 shares of the business's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $105.73, for a total transaction of $625,604.41. Following the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the company's stock in a transaction that occurred 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 in the company, valued at approximately $14,651,562.54. This represents a 1.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,761 shares of company stock worth $922,447 in the last 90 days. 0.54% of the stock is owned by company insiders.

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.

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