Integrity Alliance LLC. Buys New Stake in Johnson Controls International plc $JCI

Key Points

• Integrity Alliance LLC purchased a new stake in Johnson Controls International plc, acquiring 2,784 shares valued at approximately $223,000.
• Johnson Controls International has announced a new quarterly dividend of $0.40, an increase from the previous dividend of $0.37, with a dividend yield of 1.5%.
• The company is also implementing a $9.00 billion share repurchase program, indicating management believes its stock may be undervalued.

Integrity Alliance LLC. bought a new stake in Johnson Controls International plc (NYSE:JCI - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 2,784 shares of the company's stock, valued at approximately $223,000.

A number of other hedge funds have also recently modified their holdings of the stock. Truvestments Capital LLC grew its position in Johnson Controls International by 425.0% during the 1st quarter. Truvestments Capital LLC now owns 315 shares of the company's stock worth $25,000 after purchasing an additional 255 shares during the last quarter. Accent Capital Management LLC purchased a new position in Johnson Controls International during the 1st quarter worth $26,000. Cornerstone Planning Group LLC grew its position in Johnson Controls International by 74.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 363 shares of the company's stock worth $28,000 after purchasing an additional 155 shares during the last quarter. Activest Wealth Management grew its position in Johnson Controls International by 56.4% during the 1st quarter. Activest Wealth Management now owns 369 shares of the company's stock worth $30,000 after purchasing an additional 133 shares during the last quarter. Finally, Community Bank N.A. purchased a new position in Johnson Controls International during the 1st quarter worth $32,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Controls International Stock Down 0.3%

Shares of NYSE JCI opened at $107.55 on Friday. 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 $68.03 and a 52 week high of $112.63. The firm has a 50-day moving average price of $106.70 and a 200 day moving average price of $95.59. The stock has a market capitalization of $70.38 billion, a price-to-earnings ratio of 31.91, a price-to-earnings-growth ratio of 1.92 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 the consensus estimate of $0.99 by $0.06. Johnson Controls International had a net margin of 9.53% and a return on equity of 14.71%. 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. Equities research analysts anticipate that Johnson Controls International plc will post 3.64 EPS 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 represents a $1.60 annualized dividend and a dividend yield of 1.5%. This is a positive change from Johnson Controls International's previous quarterly dividend of $0.37. The ex-dividend date is Monday, September 22nd. Johnson Controls International's dividend payout ratio (DPR) is 43.92%.

Johnson Controls International declared that its Board of Directors has initiated a share repurchase program on Friday, June 13th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows 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.

Wall Street Analyst Weigh In

Several brokerages have issued reports on JCI. Zacks Research raised shares of Johnson Controls International to a "hold" rating in a research report on Monday, August 11th. UBS Group reissued a "buy" rating and set a $116.00 price objective (up from $103.00) on shares of Johnson Controls International in a research report on Thursday, May 22nd. Wells Fargo & Company raised their price objective on shares of Johnson Controls International from $100.00 to $130.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Robert W. Baird raised their target price on shares of Johnson Controls International from $90.00 to $110.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Finally, Barclays raised 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 research note on Wednesday, July 30th. Nine analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Johnson Controls International currently has an average rating of "Hold" and an average price target of $105.72.

Insider Activity

In related news, VP Daniel C. Mcconeghy sold 5,917 shares of the firm's stock in a transaction dated Wednesday, September 3rd. The shares were 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 owned 25,005 shares in the company, valued at $2,643,778.65. This trade represents a 19.14% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 dated Tuesday, September 2nd. The stock was sold at an average price of $105.06, for a total transaction of $149,395.32. Following the transaction, 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 position. The disclosure for this sale can be found here. Insiders sold 10,183 shares of company stock valued at $1,071,501 in the last quarter. Company 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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