Johnson Controls International plc $JCI Holdings Raised by Fifth Third Bancorp

Key Points

• Fifth Third Bancorp increased its stake in Johnson Controls International by 22.2%, acquiring an additional 8,618 shares, bringing its total holdings to 47,446 shares worth approximately $5 million.
• Johnson Controls International recently increased its quarterly dividend from $0.37 to $0.40 per share, with a current dividend yield of 1.5%.
• Equities analysts have generally rated Johnson Controls International as a "Moderate Buy", with an average price target of $107.58.

Fifth Third Bancorp grew its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 22.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,446 shares of the company's stock after acquiring an additional 8,618 shares during the period. Fifth Third Bancorp's holdings in Johnson Controls International were worth $5,011,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Counterpoint Mutual Funds LLC purchased a new stake in shares of Johnson Controls International during the second quarter worth $410,000. Opal Wealth Advisors LLC raised its stake in shares of Johnson Controls International by 9.3% during the 2nd quarter. Opal Wealth Advisors LLC now owns 3,013 shares of the company's stock worth $318,000 after purchasing an additional 257 shares in the last quarter. Golden State Equity Partners raised its stake in shares of Johnson Controls International by 12.0% during the 2nd quarter. Golden State Equity Partners now owns 4,186 shares of the company's stock worth $442,000 after purchasing an additional 447 shares in the last quarter. Buska Wealth Management LLC acquired a new stake in shares of Johnson Controls International during the 2nd quarter valued at about $210,000. Finally, Armstrong Advisory Group Inc. grew its stake in shares of Johnson Controls International by 96.6% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 926 shares of the company's stock valued at $98,000 after buying an additional 455 shares in the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other 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 transaction of $625,604.41. Following the sale, the vice president owned 25,005 shares of the company's stock, valued at approximately $2,643,778.65. This trade represents a 19.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 sale, the vice president directly owned 139,459 shares in the company, valued at $14,651,562.54. The trade was a 1.01% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,183 shares of company stock valued at $1,071,501. 0.54% of the stock is owned by corporate insiders.

Johnson Controls International Stock Down 0.8%

Shares of JCI stock opened at $105.66 on Friday. Johnson Controls International plc has a 12 month low of $68.03 and a 12 month high of $112.63. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.50. The firm has a market cap of $69.14 billion, a PE ratio of 31.35, a price-to-earnings-growth ratio of 1.90 and a beta of 1.31. The stock has a 50 day moving average of $106.90 and a 200-day moving average of $97.10.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced 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 for 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. On average, equities analysts predict that Johnson Controls International plc will post 3.64 EPS for the current year.

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

Johnson Controls International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Monday, September 22nd will be given a dividend of $0.40 per share. 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 dividend payout ratio (DPR) is currently 47.48%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Zacks Research raised shares of Johnson Controls International to a "hold" rating in a research report on Monday, August 11th. Barclays raised their price target on shares of Johnson Controls International from $100.00 to $101.00 and gave the company an "equal weight" rating in a report on Wednesday, July 30th. Royal Bank Of Canada upped their price objective on shares of Johnson Controls International from $112.00 to $114.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 30th. Wells Fargo & Company increased their target price 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. Finally, Wolfe Research raised their target price on Johnson Controls International from $132.00 to $133.00 and gave the company an "outperform" rating in a report on Friday, September 12th. Ten analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat, Johnson Controls International presently has an average rating of "Moderate Buy" and a consensus target price of $107.58.

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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