Ieq Capital LLC Purchases 117,167 Shares of Johnson Controls International plc $JCI

Key Points

• Ieq Capital LLC increased its investment in Johnson Controls International by 390.2%, acquiring 117,167 shares, bringing its total holdings to 147,194 shares valued at approximately $11.79 million.
• Insider trading activity included VP Anuruddha Rathninde selling 15,000 shares at an average price of $103.13, which represents a decrease of 26.05% in their ownership.
• Wall Street analysts have a consensus rating of "Hold" for Johnson Controls International, with target prices generally ranging from $101.00 to $116.00.

Ieq Capital LLC boosted its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 390.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 147,194 shares of the company's stock after purchasing an additional 117,167 shares during the period. Ieq Capital LLC's holdings in Johnson Controls International were worth $11,792,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of JCI. Brighton Jones LLC bought a new position in shares of Johnson Controls International in the fourth quarter worth about $222,000. Bank Pictet & Cie Europe AG raised its stake in shares of Johnson Controls International by 67.4% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 88,569 shares of the company's stock worth $6,991,000 after buying an additional 35,655 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of Johnson Controls International by 21.1% during the fourth quarter. Integrated Wealth Concepts LLC now owns 9,842 shares of the company's stock worth $777,000 after buying an additional 1,713 shares during the last quarter. Northern Trust Corp raised its stake in shares of Johnson Controls International by 18.1% during the fourth 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. Finally, Lido Advisors LLC raised its stake in shares of Johnson Controls International by 3.6% during the fourth quarter. Lido Advisors LLC now owns 19,379 shares of the company's stock worth $1,536,000 after buying an additional 668 shares during the last quarter. 90.05% of the stock is owned by institutional investors.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, VP Anuruddha Rathninde sold 15,000 shares of the business's stock in a transaction dated 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 sale, the vice president directly owned 42,574 shares in the company, valued at $4,390,656.62. The trade was a 26.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Nathan D. Manning sold 1,422 shares of the company's stock in a transaction that occurred on Friday, August 1st. The stock was 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 of the company's stock, valued at $14,607,950.89. The trade was a 1.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,266 shares of company stock valued at $1,986,931 in the last three months. Insiders own 0.54% of the company's stock.

Wall Street Analysts Forecast Growth

JCI has been the subject of several research analyst reports. Zacks Research upgraded shares of Johnson Controls International to a "hold" rating in a report on Monday, August 11th. Royal Bank Of Canada upped their price target 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. Robert W. Baird upped 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 note on Thursday, July 17th. The Goldman Sachs Group increased their price objective on shares of Johnson Controls International from $103.00 to $116.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Finally, Barclays increased their target price on shares of Johnson Controls International from $100.00 to $101.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 30th. Nine 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, Johnson Controls International presently has an average rating of "Hold" and a consensus target price of $105.72.

Johnson Controls International Trading Up 0.8%

NYSE JCI opened at $109.31 on Thursday. Johnson Controls International plc has a one year low of $67.68 and a one year high of $112.63. The business's fifty day moving average is $106.11 and its 200-day moving average is $93.96. The stock has a market capitalization of $71.53 billion, a price-to-earnings ratio of 32.44, a PEG ratio of 1.93 and a beta of 1.30. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.96 and a quick ratio of 0.81.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced 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 firm had revenue of $6.05 billion for 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. Equities research analysts predict that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International announced that its Board of Directors has authorized a stock repurchase program on Friday, June 13th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 13.4% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Monday, June 23rd were issued a $0.37 dividend. The ex-dividend date was Monday, June 23rd. This represents a $1.48 annualized dividend and a yield of 1.4%. Johnson Controls International's payout ratio is 43.92%.

Johnson Controls International Company 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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