Intech Investment Management LLC Cuts Stock Position in Johnson Controls International plc $JCI

Key Points

• Intech Investment Management LLC reduced its stake in Johnson Controls International by 26.5%, selling 8,931 shares to end the first quarter with 24,767 shares valued at approximately $1,984,000.
• Several institutional investors, including Truvestments Capital LLC and Cornerstone Planning Group LLC, increased their holdings in Johnson Controls International significantly during the same quarter.
• Johnson Controls International declared a quarterly dividend of $0.40, indicating a positive change from the previous quarterly dividend of $0.37, with a dividend yield of 1.5%.

Intech Investment Management LLC trimmed its holdings in Johnson Controls International plc (NYSE:JCI - Free Report) by 26.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,767 shares of the company's stock after selling 8,931 shares during the quarter. Intech Investment Management LLC's holdings in Johnson Controls International were worth $1,984,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Truvestments Capital LLC increased its holdings in Johnson Controls International by 425.0% in the first quarter. Truvestments Capital LLC now owns 315 shares of the company's stock worth $25,000 after buying an additional 255 shares during the last quarter. Accent Capital Management LLC acquired a new stake in shares of Johnson Controls International in the first quarter worth $26,000. Cornerstone Planning Group LLC grew its stake in shares of Johnson Controls International by 74.5% in 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 grew its stake in shares of Johnson Controls International by 56.4% in 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. acquired a new stake in shares of Johnson Controls International in the first quarter worth $32,000. Institutional investors and hedge funds own 90.05% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. The Goldman Sachs Group lifted their price objective on Johnson Controls International from $119.00 to $124.00 and gave the company a "buy" rating in a report on Monday, September 15th. Zacks Research raised Johnson Controls International to a "hold" rating in a report on Monday, August 11th. Barclays lifted 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. Robert W. Baird lifted their price target on Johnson Controls International from $90.00 to $110.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Finally, Citigroup lifted their price target on Johnson Controls International from $110.00 to $112.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. Ten research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $107.58.

Johnson Controls International Price Performance

Shares of NYSE JCI traded up $0.20 during mid-day trading on Friday, reaching $108.68. The company had a trading volume of 7,370,327 shares, compared to its average volume of 3,917,011. 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 one year low of $68.03 and a one year high of $112.63. The firm has a market cap of $71.12 billion, a price-to-earnings ratio of 32.25, a PEG ratio of 1.93 and a beta of 1.31. The business's 50-day simple moving average is $106.88 and its 200 day simple moving average is $96.35.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $1.05 earnings per share (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 for 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. On average, research analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Monday, September 22nd will be paid a $0.40 dividend. This is an increase from Johnson Controls International's previous quarterly dividend of $0.37. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, September 22nd. Johnson Controls International's payout ratio is presently 43.92%.

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

Insider Buying and Selling

In other Johnson Controls International 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 value of $625,604.41. Following the completion of the sale, the vice president directly owned 25,005 shares in the company, valued at approximately $2,643,778.65. The trade was a 19.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $105.06, for a total value of $149,395.32. Following the completion of the sale, the vice president owned 139,459 shares of the company's stock, valued at approximately $14,651,562.54. The trade was a 1.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,183 shares of company stock valued at $1,071,501. 0.54% of the stock is currently owned by corporate 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.