Great Lakes Advisors LLC Has $10.42 Million Holdings in Johnson Controls International plc $JCI

Key Points

• Great Lakes Advisors LLC reduced its holdings in Johnson Controls International plc by 4.1% during the first quarter, now owning 129,591 shares valued at approximately $10.42 million.
• Johnson Controls International's stock received upgraded target prices from several analysts, with Morgan Stanley increasing its target from $115.00 to $125.00 and providing an "overweight" rating.
• The company recently declared a quarterly dividend of $0.37 per share and announced a stock buyback plan authorizing up to $9 billion, indicating confidence in its valuation.

Great Lakes Advisors LLC cut its holdings in Johnson Controls International plc (NYSE:JCI - Free Report) by 4.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 129,591 shares of the company's stock after selling 5,479 shares during the quarter. Great Lakes Advisors LLC's holdings in Johnson Controls International were worth $10,422,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of JCI. Truvestments Capital LLC boosted its stake in Johnson Controls International by 425.0% in the first quarter. Truvestments Capital LLC now owns 315 shares of the company's stock valued at $25,000 after buying an additional 255 shares in the last quarter. Accent Capital Management LLC bought a new position in shares of Johnson Controls International during the first quarter worth about $26,000. Cornerstone Planning Group LLC raised its position in shares of 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 acquiring an additional 155 shares during the last quarter. Activest Wealth Management raised its position in shares of 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 acquiring an additional 133 shares during the last quarter. Finally, Community Bank N.A. bought a new position in shares of Johnson Controls International during the first quarter worth about $32,000. 90.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

JCI has been the subject of a number of analyst reports. Barclays raised their price objective on Johnson Controls International from $100.00 to $101.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 30th. Morgan Stanley lifted 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. The Goldman Sachs Group lifted their target price on Johnson Controls International from $103.00 to $116.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Royal Bank Of Canada lifted their target price on Johnson Controls International from $112.00 to $114.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft upgraded Johnson Controls International from a "hold" rating to a "buy" rating and lifted their target price for the stock from $101.00 to $112.00 in a report on Monday, May 12th. Nine research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $105.72.

Johnson Controls International Trading Up 0.9%

Shares of Johnson Controls International stock opened at $107.20 on Tuesday. 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 52 week low of $68.03 and a 52 week high of $112.63. The stock has a 50 day moving average price of $106.56 and a two-hundred day moving average price of $95.02. The stock has a market capitalization of $70.15 billion, a PE ratio of 31.81, a price-to-earnings-growth ratio of 1.89 and a beta of 1.31.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $0.99 by $0.06. Johnson Controls International had a return on equity of 14.71% and a net margin of 9.53%.The firm had revenue of $6.05 billion during the quarter, compared to analysts' expectations 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 analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 18th. Investors 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 annualized dividend and a dividend yield of 1.4%. Johnson Controls International's payout ratio is presently 43.92%.

Johnson Controls International declared that its Board of Directors has initiated a stock 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 reacquire up to 13.4% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

Insider Activity at Johnson Controls International

In related news, VP Daniel C. Mcconeghy sold 5,917 shares of Johnson Controls International stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $105.73, for a total transaction of $625,604.41. Following the transaction, the vice president owned 25,005 shares of the company's stock, valued at $2,643,778.65. The trade was a 19.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction, the vice president directly owned 139,459 shares in the company, valued at approximately $14,651,562.54. The trade was a 1.01% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,183 shares of company stock worth $1,071,501. 0.54% of the stock is owned by 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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