Johnson Controls International plc $JCI Shares Purchased by Canada Pension Plan Investment Board

Key Points

• The Canada Pension Plan Investment Board increased its stake in Johnson Controls International by 83.4%, owning approximately 0.12% of the company, valued at $65.71 million.
• Multiple institutional investors have also raised their holdings, contributing to 90.05% of the stock being owned by institutional investors and hedge funds.
• Johnson Controls declared a quarterly dividend of $0.37, with a dividend yield of 1.4%, and authorized a $9 billion share repurchase plan, indicating confidence in the company's stock value.

Canada Pension Plan Investment Board increased its stake in Johnson Controls International plc (NYSE:JCI - Free Report) by 83.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 820,262 shares of the company's stock after acquiring an additional 373,100 shares during the period. Canada Pension Plan Investment Board owned approximately 0.12% of Johnson Controls International worth $65,711,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC acquired a new position in Johnson Controls International in the fourth quarter worth approximately $222,000. Bank Pictet & Cie Europe AG lifted its position in Johnson Controls International by 67.4% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 88,569 shares of the company's stock valued at $6,991,000 after purchasing an additional 35,655 shares during the period. AQR Capital Management LLC raised its position in shares of Johnson Controls International by 49.2% in the 4th quarter. AQR Capital Management LLC now owns 239,971 shares of the company's stock valued at $18,941,000 after acquiring an additional 79,083 shares during the period. Mercer Global Advisors Inc. ADV grew its stake in shares of Johnson Controls International by 16.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 126,605 shares of the company's stock worth $9,993,000 after acquiring an additional 17,799 shares in the last quarter. Finally, AXA S.A. lifted its holdings in Johnson Controls International by 18.2% during the 4th quarter. AXA S.A. now owns 34,530 shares of the company's stock valued at $2,725,000 after purchasing an additional 5,308 shares during the last quarter. Institutional investors own 90.05% of the company's stock.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 5,917 shares of the business's stock in a transaction dated 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 transaction, the vice president directly owned 25,005 shares of the company's stock, valued at approximately $2,643,778.65. The trade was a 19.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the 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 sale, the vice president owned 139,459 shares in the company, valued at $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. Insiders have sold a total of 10,183 shares of company stock worth $1,071,501 over the last 90 days. 0.54% of the stock is owned by company insiders.

Johnson Controls International Stock Down 2.0%

NYSE JCI traded down $2.13 during mid-day trading on Friday, hitting $104.96. The company's stock had a trading volume of 1,867,678 shares, compared to its average volume of 4,726,759. Johnson Controls International plc has a twelve month low of $67.68 and a twelve month high of $112.63. The company's 50 day simple moving average is $106.51 and its 200 day simple moving average is $94.69. The firm has a market capitalization of $68.68 billion, a price-to-earnings ratio of 31.19, a PEG ratio of 1.88 and a beta of 1.31. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.99 by $0.06. The firm had revenue of $6.05 billion during the quarter, compared to analyst estimates 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. Analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current year.

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

Johnson Controls International Announces Dividend

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

Analyst Ratings Changes

Several research firms have recently weighed in on JCI. Oppenheimer lowered shares of Johnson Controls International from an "outperform" rating to a "market perform" rating in a research note on Friday, June 20th. Citigroup lifted their price objective on Johnson Controls International from $110.00 to $112.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft upgraded Johnson Controls International from a "hold" rating to a "buy" rating and increased their price objective for the company from $101.00 to $112.00 in a report on Monday, May 12th. JPMorgan Chase & Co. upped their price objective on Johnson Controls International from $81.00 to $98.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Finally, Vertical Research raised 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 equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $105.72.

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.