Ameriprise Financial Inc. Increases Stock Position in Johnson Controls International plc $JCI

Key Points

• Ameriprise Financial Inc. has increased its stake in Johnson Controls International plc by 13.9%, acquiring an additional 232,286 shares, now owning approximately 0.29% of the company worth $152.4 million.
• Numerous institutional investors, including Nuveen LLC and GAMMA Investing LLC, have significantly increased their holdings in Johnson Controls during recent quarters, leading to institutional ownership exceeding 90%.
• Analysts have raised their price targets for Johnson Controls, with several firms setting targets around $116.00, indicating a bullish outlook for the stock.

Ameriprise Financial Inc. lifted its stake in Johnson Controls International plc (NYSE:JCI - Free Report) by 13.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,900,257 shares of the company's stock after buying an additional 232,286 shares during the period. Ameriprise Financial Inc. owned approximately 0.29% of Johnson Controls International worth $152,426,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. TIAA Trust National Association lifted its stake in shares of Johnson Controls International by 1.0% in the 1st quarter. TIAA Trust National Association now owns 11,339 shares of the company's stock worth $908,000 after acquiring an additional 115 shares during the period. Strategic Blueprint LLC lifted its stake in Johnson Controls International by 4.3% in the 1st quarter. Strategic Blueprint LLC now owns 2,980 shares of the company's stock valued at $239,000 after buying an additional 123 shares in the last quarter. HighPoint Advisor Group LLC lifted its stake in shares of Johnson Controls International by 1.4% during the 1st quarter. HighPoint Advisor Group LLC now owns 8,976 shares of the company's stock worth $739,000 after purchasing an additional 124 shares during the period. Sfmg LLC lifted its stake in shares of Johnson Controls International by 4.5% during the 1st quarter. Sfmg LLC now owns 2,913 shares of the company's stock worth $233,000 after purchasing an additional 125 shares during the period. Finally, SeaCrest Wealth Management LLC increased its holdings in shares of Johnson Controls International by 2.7% during the 1st quarter. SeaCrest Wealth Management LLC now owns 5,060 shares of the company's stock worth $405,000 after buying an additional 135 shares during the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Royal Bank Of Canada increased their price target on Johnson Controls International from $112.00 to $114.00 and gave the company a "sector perform" rating in a report on Wednesday, July 30th. UBS Group reaffirmed a "buy" rating and issued a $116.00 target price (up from $103.00) on shares of Johnson Controls International in a research report on Thursday, May 22nd. Vertical Research upgraded shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 target price for the company in a research note on Thursday, May 8th. JPMorgan Chase & Co. upped their target price 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. Finally, Robert W. Baird upped their target price on shares of Johnson Controls International from $90.00 to $110.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Nine research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $105.72.

Insider Buying and Selling at Johnson Controls International

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

Johnson Controls International Trading Down 0.6%

JCI stock traded down $0.61 during trading on Thursday, hitting $108.66. The company had a trading volume of 2,029,850 shares, compared to its average volume of 4,754,105. The business has a 50-day moving average of $106.11 and a 200-day moving average of $93.96. Johnson Controls International plc has a one year low of $67.68 and a one year high of $112.63. The stock has a market cap of $71.11 billion, a PE ratio of 32.23, a PEG ratio of 1.93 and a beta of 1.30. 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 posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.99 by $0.06. Johnson Controls International had a return on equity of 14.71% and a net margin of 9.53%.The firm had revenue of $6.05 billion for the quarter, compared to analysts' expectations of $5.99 billion. Johnson Controls International has set its FY 2025 guidance at 3.650-3.680 EPS. Q4 2025 guidance at 1.140-1.170 EPS. Research analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

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

Johnson Controls International announced that its board has authorized a share repurchase plan 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 shares through open market purchases. Shares buyback plans are usually an indication that the company's board believes its stock is undervalued.

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.