Electron Capital Partners LLC Has $62.57 Million Stock Position in Johnson Controls International plc $JCI

Key Points

• Electron Capital Partners LLC increased its stake in Johnson Controls International plc by 3.8%, owning a total of 780,983 shares worth approximately $62.57 million.
• During the last quarter, several institutional investors, including Bank Pictet & Cie Europe AG and Baird Financial Group Inc., significantly raised their holdings in Johnson Controls International, contributing to institutional ownership of about 90.05% of the company.
• Johnson Controls International recently announced a $9.00 billion share buyback program and reported better-than-expected earnings with a net margin of 9.53% for the last quarter.

Electron Capital Partners LLC lifted its holdings in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 3.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 780,983 shares of the company's stock after purchasing an additional 28,558 shares during the quarter. Johnson Controls International makes up about 4.1% of Electron Capital Partners LLC's holdings, making the stock its 11th biggest position. Electron Capital Partners LLC owned approximately 0.12% of Johnson Controls International worth $62,565,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of JCI. Truvestments Capital LLC increased its stake in shares of 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 acquired a new position in shares of Johnson Controls International during the 1st quarter worth $26,000. Cornerstone Planning Group LLC increased its stake in shares of 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 increased its stake in shares of 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. acquired a new position in shares of Johnson Controls International during the 1st quarter worth $32,000. Institutional investors and hedge funds own 90.05% of the company's stock.

Johnson Controls International Stock Performance

Johnson Controls International stock traded down $1.03 on Friday, hitting $106.06. The company's stock had a trading volume of 4,278,864 shares, compared to its average volume of 4,970,083. The firm has a market cap of $69.40 billion, a P/E ratio of 31.47, a price-to-earnings-growth ratio of 1.89 and a beta of 1.31. 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 company has a fifty day moving average price of $106.53 and a 200-day moving average price of $94.82. Johnson Controls International plc has a one year low of $67.68 and a one year high of $112.63.

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

Johnson Controls International declared that its board has initiated a share buyback plan 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 shares through open market purchases. Shares repurchase plans are typically a sign that the company's leadership believes its stock is undervalued.

Johnson Controls International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Monday, June 23rd were paid 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 yield of 1.4%. Johnson Controls International's payout ratio is presently 43.92%.

Insider Transactions at Johnson Controls International

In other news, VP Nathan D. Manning sold 1,422 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $105.06, for a total value of $149,395.32. Following the sale, the vice president owned 139,459 shares of the company's stock, valued at approximately $14,651,562.54. This represents a 1.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the company's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $105.73, for a total transaction 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 10,183 shares of company stock worth $1,071,501. 0.54% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented 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. JPMorgan Chase & Co. upped their price objective on shares of Johnson Controls International from $81.00 to $98.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Morgan Stanley upped their price objective on shares of Johnson Controls International from $115.00 to $125.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Barclays upped their price objective on shares of Johnson Controls International from $100.00 to $101.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 30th. Finally, UBS Group reaffirmed a "buy" rating and set a $116.00 price objective (up from $103.00) on shares of Johnson Controls International in a report on Thursday, May 22nd. Nine investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, Johnson Controls International currently has a consensus rating of "Hold" and a consensus price target 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.