Johnson Controls International plc $JCI Shares Sold by Haverford Trust Co

Key Points

• Haverford Trust Co reduced its stake in Johnson Controls International plc by 2.0%, now owning 282,737 shares valued at approximately $22.65 million.
• Several major institutional investors, including Vanguard Group and Raymond James, have increased their holdings in Johnson Controls International, indicating strong institutional confidence in the stock.
• Johnson Controls announced a $9.00 billion share repurchase plan, which suggests the board believes the company’s shares are undervalued amid growth forecasts from analysts.

Haverford Trust Co lessened its holdings in Johnson Controls International plc (NYSE:JCI - Free Report) by 2.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 282,737 shares of the company's stock after selling 5,677 shares during the period. Haverford Trust Co's holdings in Johnson Controls International were worth $22,650,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings 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 last quarter. Raymond James Financial Inc. raised its holdings 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 buying an additional 178,169 shares during the period. Northern Trust Corp raised its holdings in shares of Johnson Controls International by 18.1% in the 4th quarter. Northern Trust Corp now owns 6,690,781 shares of the company's stock valued at $528,103,000 after buying an additional 1,026,623 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings 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 buying an additional 777,031 shares during the period. Finally, American Century Companies Inc. raised its holdings 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 buying an additional 349,209 shares during the period. Institutional investors and hedge funds own 90.05% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on JCI shares. Zacks Research upgraded Johnson Controls International to a "hold" rating in a report on Monday, August 11th. Robert W. Baird boosted their price objective on Johnson Controls International from $90.00 to $110.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Wells Fargo & Company boosted their price objective on Johnson Controls International from $100.00 to $130.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Barclays boosted their price objective on Johnson Controls International from $100.00 to $101.00 and gave the company an "equal weight" rating in a report on Wednesday, July 30th. Finally, The Goldman Sachs Group boosted their price objective on Johnson Controls International from $103.00 to $116.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Nine equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $105.72.

Johnson Controls International Stock Down 0.1%

Shares of NYSE:JCI traded down $0.10 on Thursday, hitting $109.18. 1,172,132 shares of the company's stock were exchanged, compared to its average volume of 4,749,779. The firm's 50-day moving average is $106.11 and its 200 day moving average is $93.96. The company has a market capitalization of $71.44 billion, a PE ratio of 32.40, a P/E/G ratio of 1.93 and a beta of 1.30. Johnson Controls International plc has a 1-year low of $67.68 and a 1-year high of $112.63. 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 (NYSE:JCI - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate 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 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. Sell-side analysts predict that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Dividend Announcement

The firm also recently disclosed 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. This represents a $1.48 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, June 23rd. Johnson Controls International's dividend payout ratio is currently 43.92%.

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

Insider Activity

In other news, VP Nathan D. Manning sold 1,422 shares of the company's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $103.69, for a total transaction of $147,447.18. Following the completion of the transaction, the vice president directly owned 140,881 shares of the company's stock, valued at approximately $14,607,950.89. This represents a 1.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Anuruddha Rathninde sold 15,000 shares of the company's stock in a transaction dated 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 transaction, the vice president directly owned 42,574 shares of the company's stock, valued at approximately $4,390,656.62. This represents a 26.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,266 shares of company stock valued at $1,986,931. Insiders own 0.54% of the company's stock.

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.