Hsbc Holdings PLC Grows Stock Holdings in Johnson Controls International plc $JCI

Key Points

• Hsbc Holdings PLC increased its holdings in Johnson Controls International by 12.4%, owning approximately 736,933 shares valued at $58.5 million as per its recent SEC filing.
• Johnson Controls International reported a quarterly earnings of $1.05 EPS, exceeding analyst expectations, and had a revenue of $6.05 billion for the quarter.
• The company declared a quarterly dividend of $0.37 per share, representing an annualized dividend yield of 1.4%, and has a share buyback program authorized for up to $9 billion.

Hsbc Holdings PLC grew its holdings in Johnson Controls International plc (NYSE:JCI - Free Report) by 12.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 736,933 shares of the company's stock after purchasing an additional 81,214 shares during the quarter. Hsbc Holdings PLC owned about 0.11% of Johnson Controls International worth $58,522,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Johnson Controls International by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 68,444,686 shares of the company's stock worth $5,483,104,000 after buying an additional 288,576 shares during the last quarter. Raymond James Financial Inc. increased its holdings in shares of Johnson Controls International by 2.5% during the 1st quarter. Raymond James Financial Inc. now owns 7,378,331 shares of the company's stock worth $591,078,000 after buying an additional 178,169 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Johnson Controls International by 18.1% during the 4th quarter. Northern Trust Corp now owns 6,690,781 shares of the company's stock worth $528,103,000 after buying an additional 1,026,623 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Johnson Controls International by 14.4% during 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 worth $486,887,000 after buying an additional 777,031 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Johnson Controls International by 12.8% during the 1st quarter. American Century Companies Inc. now owns 3,075,629 shares of the company's stock worth $246,389,000 after buying an additional 349,209 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

Johnson Controls International Stock Performance

NYSE:JCI opened at $104.71 on Friday. The company has a fifty day simple moving average of $105.75 and a two-hundred day simple moving average of $93.33. The company has a market cap of $68.52 billion, a price-to-earnings ratio of 31.07, a price-to-earnings-growth ratio of 1.89 and a beta of 1.30. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.50. Johnson Controls International plc has a 52 week low of $67.68 and a 52 week high of $112.63.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.05 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 the consensus estimate 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. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Monday, June 23rd were paid a $0.37 dividend. The ex-dividend date 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 43.92%.

Johnson Controls International declared that its Board of Directors has approved a share repurchase program on Friday, June 13th that permits the company to buyback $9.00 billion in shares. This buyback authorization permits the company to buy up to 13.4% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Citigroup raised their price target on shares of Johnson Controls International from $110.00 to $112.00 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Zacks Research upgraded shares of Johnson Controls International to a "hold" rating in a report on Monday, August 11th. Morgan Stanley lifted their target price on shares of Johnson Controls International from $115.00 to $125.00 and gave the company an "overweight" rating in a report on Thursday. Oppenheimer downgraded shares of Johnson Controls International from an "outperform" rating to a "market perform" rating in a report on Friday, June 20th. Finally, Vertical Research upgraded shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 target price for the company in a report on Thursday, May 8th. Nine investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, Johnson Controls International currently has an average rating of "Hold" and a consensus price target of $105.72.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, VP Nathan D. Manning sold 1,422 shares of the business's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $103.69, for a total value of $147,447.18. Following the completion of the transaction, the vice president owned 140,881 shares in the company, valued at $14,607,950.89. The trade was a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Anuruddha Rathninde sold 15,000 shares of the business's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $103.13, for a total transaction of $1,546,950.00. Following the completion of the transaction, the vice president owned 42,574 shares of the company's stock, valued at approximately $4,390,656.62. This trade represents a 26.05% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders 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.

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