Johnson Controls International plc $JCI Shares Acquired by Norinchukin Bank The

Key Points

• Norinchukin Bank The increased its stake in Johnson Controls International plc by 14.2%, acquiring a total of 34,219 shares valued at approximately $2.74 million.
• Johnson Controls International reported earnings of $1.05 per share for the last quarter, surpassing analysts' expectations of $0.99 and achieving a revenue of $6.05 billion.
• The company has approved a $9 billion share repurchase plan, which allows it to buy back up to 13.4% of its outstanding shares, indicating a belief that its stock is undervalued.

Norinchukin Bank The boosted its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 14.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,219 shares of the company's stock after purchasing an additional 4,259 shares during the period. Norinchukin Bank The's holdings in Johnson Controls International were worth $2,741,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Accent Capital Management LLC purchased a new position in shares of Johnson Controls International in the first quarter valued at about $26,000. Cornerstone Planning Group LLC increased its holdings in shares of Johnson Controls International by 74.5% in the first 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. Community Bank N.A. bought a new stake in shares of Johnson Controls International in the first quarter worth about $32,000. Rossby Financial LCC bought a new stake in Johnson Controls International during the first quarter worth approximately $42,000. Finally, Bartlett & CO. Wealth Management LLC bought a new stake in Johnson Controls International during the first quarter worth approximately $43,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Controls International Trading Up 0.8%

Shares of NYSE JCI traded up $0.85 during trading hours on Wednesday, reaching $109.31. The stock had a trading volume of 4,631,473 shares, compared to its average volume of 4,759,065. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50. The firm has a market cap of $71.53 billion, a price-to-earnings ratio of 32.44, a P/E/G ratio of 1.89 and a beta of 1.30. The business's fifty day moving average price is $105.99 and its two-hundred day moving average price is $93.86. Johnson Controls International plc has a 52-week low of $67.68 and a 52-week 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 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 expect that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

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

Johnson Controls International announced that its board has authorized a share repurchase program on Friday, June 13th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 13.4% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

JCI has been the topic of several analyst reports. Vertical Research raised Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 price objective on the stock in a research note on Thursday, May 8th. Citigroup boosted 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. Royal Bank Of Canada boosted their price objective on Johnson Controls International from $112.00 to $114.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 30th. The Goldman Sachs Group boosted their price objective on Johnson Controls International from $103.00 to $116.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Finally, JPMorgan Chase & Co. upped their target price on Johnson Controls International from $81.00 to $98.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Nine analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, Johnson Controls International has an average rating of "Hold" and an average target price of $105.72.

Insiders Place Their Bets

In other Johnson Controls International news, VP Nathan D. Manning sold 1,422 shares of the company's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $103.69, for a total transaction of $147,447.18. Following the completion of the sale, the vice president owned 140,881 shares in the company, valued at $14,607,950.89. This represents a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Anuruddha Rathninde sold 15,000 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $103.13, for a total value of $1,546,950.00. Following the sale, the vice president owned 42,574 shares of the company's stock, valued at approximately $4,390,656.62. This represents a 26.05% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,266 shares of company stock valued at $1,986,931. 0.54% of the stock is owned by company insiders.

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.