Gotham Asset Management LLC Raises Stock Position in Johnson Controls International plc $JCI

Key Points

• Gotham Asset Management LLC increased its stake in Johnson Controls International by 31.3%, holding 252,789 shares worth approximately $20.25 million as of the latest SEC filing.
• Insider VP Daniel C. Mcconeghy sold 5,917 shares at an average price of $105.73, marking a 19.14% decrease in his position.
• Johnson Controls International's recent quarterly earnings beat analyst expectations, reporting $1.05 EPS versus the anticipated $0.99.

Gotham Asset Management LLC lifted its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 31.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 252,789 shares of the company's stock after acquiring an additional 60,224 shares during the quarter. Gotham Asset Management LLC's holdings in Johnson Controls International were worth $20,251,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in JCI. Truvestments Capital LLC lifted its holdings in shares of Johnson Controls International by 425.0% in the 1st quarter. Truvestments Capital LLC now owns 315 shares of the company's stock worth $25,000 after acquiring an additional 255 shares during the last quarter. Accent Capital Management LLC bought a new stake in shares of Johnson Controls International in the 1st quarter worth about $26,000. Cornerstone Planning Group LLC lifted its holdings in shares of Johnson Controls International by 74.5% in the 1st 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 lifted its holdings in shares of Johnson Controls International by 56.4% in the 1st 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. purchased a new position in Johnson Controls International in the 1st quarter worth about $32,000. Institutional investors own 90.05% of the company's stock.

Johnson Controls International Stock Down 0.9%

NYSE JCI traded down $0.92 during trading on Tuesday, reaching $106.25. 3,646,015 shares of the company's stock traded hands, compared to its average volume of 4,735,074. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.96 and a quick ratio of 0.81. The firm has a market cap of $69.53 billion, a price-to-earnings ratio of 31.53, a price-to-earnings-growth ratio of 1.89 and a beta of 1.31. The company's 50 day simple moving average is $106.56 and its two-hundred day simple moving average is $95.02. Johnson Controls International plc has a 12-month low of $68.03 and a 12-month high of $112.63.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, beating analysts' consensus estimates 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. As a group, sell-side analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International declared that its Board of Directors has initiated a share repurchase program on Friday, June 13th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 13.4% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

Johnson Controls International Announces Dividend

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

Insider Buying and Selling

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 shares were sold at an average price of $105.73, for a total value of $625,604.41. Following the transaction, the vice president owned 25,005 shares of the company's stock, valued at $2,643,778.65. The trade was a 19.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 transaction of $149,395.32. Following the completion of the transaction, the vice president directly owned 139,459 shares in the company, 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. In the last ninety days, insiders sold 10,183 shares of company stock worth $1,071,501. Insiders own 0.54% of the company's stock.

Analyst Ratings Changes

JCI has been the topic of several recent analyst reports. Zacks Research raised shares of Johnson Controls International to a "hold" rating in a research note on Monday, August 11th. Citigroup raised their price target on shares of Johnson Controls International from $110.00 to $112.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. The Goldman Sachs Group raised their price target 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. Oppenheimer downgraded shares of Johnson Controls International from an "outperform" rating to a "market perform" rating in a research note on Friday, June 20th. Finally, Wells Fargo & Company raised their price target on shares of Johnson Controls International from $100.00 to $130.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Nine analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $105.72.

About Johnson Controls International

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.