Goldman Sachs Group Inc. Purchases 198,817 Shares of Johnson Controls International plc $JCI

Key Points

• Goldman Sachs Group Inc. raised its position in Johnson Controls International by 6.7%, acquiring 198,817 additional shares, bringing its total to approximately $254.6 million worth of stock.
• Johnson Controls International's recent earnings report showed an EPS of $1.05, exceeding analyst expectations of $0.99, with a revenue of $6.05 billion for the quarter.
• Analysts have a mixed outlook on Johnson Controls, with nine buy ratings and ten hold ratings, and an average target price of $105.72 for the stock.

Goldman Sachs Group Inc. raised its holdings in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 6.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,178,516 shares of the company's stock after purchasing an additional 198,817 shares during the period. Goldman Sachs Group Inc. owned 0.48% of Johnson Controls International worth $254,631,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Cerity Partners LLC boosted its stake in shares of Johnson Controls International by 69.8% in the 1st quarter. Cerity Partners LLC now owns 113,059 shares of the company's stock valued at $9,057,000 after purchasing an additional 46,459 shares during the last quarter. G&S Capital LLC boosted its stake 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 valued at $2,431,000 after purchasing an additional 13,612 shares during the last quarter. GAMMA Investing LLC boosted its stake 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 valued at $1,179,000 after purchasing an additional 3,201 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake 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 valued at $57,748,000 after purchasing an additional 678,766 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC boosted its stake 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 valued at $480,000 after purchasing an additional 1,096 shares during the last quarter. Institutional investors own 90.05% of the company's stock.

Johnson Controls International Stock Down 0.3%

Shares of Johnson Controls International stock traded down $0.27 on Friday, hitting $107.55. The company had a trading volume of 2,826,261 shares, compared to its average volume of 4,314,553. The firm has a market capitalization of $70.38 billion, a P/E ratio of 31.91, a P/E/G ratio of 1.92 and a beta of 1.31. Johnson Controls International plc has a twelve month low of $68.03 and a twelve month 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 stock has a 50-day moving average of $106.70 and a 200-day moving average of $95.51.

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 for the quarter, beating the consensus estimate of $0.99 by $0.06. The company 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. Research analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International announced that its board has initiated a share buyback plan on Friday, June 13th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 13.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

Johnson Controls International Increases Dividend

The business 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 $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.5%. This is a boost from Johnson Controls International's previous quarterly dividend of $0.37. The ex-dividend date is Monday, September 22nd. Johnson Controls International's dividend payout ratio is currently 43.92%.

Insider Activity at Johnson Controls International

In other news, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction that occurred on Tuesday, September 2nd. The shares were 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 in the company, valued at $14,651,562.54. This trade represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Daniel C. Mcconeghy sold 5,917 shares of Johnson Controls International 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 completion of the sale, the vice president owned 25,005 shares in the company, valued at $2,643,778.65. This trade represents a 19.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,183 shares of company stock valued at $1,071,501 in the last quarter. Corporate insiders own 0.54% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on JCI shares. Jefferies Financial Group reaffirmed a "hold" rating and issued a $120.00 target price on shares of Johnson Controls International in a research note on Thursday, July 24th. Wells Fargo & Company raised their target price on shares of Johnson Controls International from $100.00 to $130.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. The Goldman Sachs Group increased their price target on shares of Johnson Controls International from $103.00 to $116.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Robert W. Baird increased their price target on shares of Johnson Controls International from $90.00 to $110.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Finally, Zacks Research upgraded shares of Johnson Controls International to a "hold" rating in a research report on Monday, August 11th. Nine equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, Johnson Controls International currently has a consensus rating of "Hold" and a consensus 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.