PharVision Advisers LLC Has $578,000 Stake in Johnson Controls International plc $JCI

Key Points

• PharVision Advisers LLC increased its holdings in Johnson Controls International by 104.0% in the first quarter, making it the firm's sixth largest holding valued at $578,000.
• Johnson Controls International reported $1.05 earnings per share for the last quarter, exceeding analyst expectations, and set future EPS guidance for FY 2025 between $3.650 and $3.680.
• The company has authorized a share buyback plan allowing for the repurchase of $9.00 billion in shares, indicating confidence in its stock valuation.

PharVision Advisers LLC boosted its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 104.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,214 shares of the company's stock after purchasing an additional 3,678 shares during the period. Johnson Controls International makes up about 0.8% of PharVision Advisers LLC's portfolio, making the stock its 6th largest holding. PharVision Advisers LLC's holdings in Johnson Controls International were worth $578,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Cerity Partners LLC increased its holdings in shares of Johnson Controls International by 69.8% in the first quarter. Cerity Partners LLC now owns 113,059 shares of the company's stock valued at $9,057,000 after buying an additional 46,459 shares in the last quarter. G&S Capital LLC increased its holdings in shares of Johnson Controls International by 81.4% in the first quarter. G&S Capital LLC now owns 30,342 shares of the company's stock valued at $2,431,000 after buying an additional 13,612 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Johnson Controls International by 27.8% in the first quarter. GAMMA Investing LLC now owns 14,720 shares of the company's stock valued at $1,179,000 after buying an additional 3,201 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Johnson Controls International by 2,213.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 709,431 shares of the company's stock valued at $57,748,000 after buying an additional 678,766 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC increased its holdings in shares of Johnson Controls International by 22.4% in the first quarter. Dynamic Advisor Solutions LLC now owns 5,987 shares of the company's stock valued at $480,000 after buying an additional 1,096 shares in the last quarter. Institutional investors own 90.05% of the company's stock.

Johnson Controls International Stock Up 0.5%

Shares of NYSE JCI traded up $0.58 during mid-day trading on Thursday, reaching $108.38. The company had a trading volume of 1,736,701 shares, compared to its average volume of 4,716,220. Johnson Controls International plc has a twelve month low of $68.03 and a twelve month high of $112.63. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 0.96. The stock has a market capitalization of $70.93 billion, a PE ratio of 32.14, a price-to-earnings-growth ratio of 1.89 and a beta of 1.31. The stock's 50 day moving average is $106.65 and its 200-day moving average is $95.18.

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 for the quarter, topping 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, equities analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

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

Johnson Controls International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Monday, September 22nd will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.5%. This is a positive change from Johnson Controls International's previous quarterly dividend of $0.37. The ex-dividend date is Monday, September 22nd. Johnson Controls International's dividend payout ratio is currently 43.92%.

Insider Transactions at Johnson Controls International

In other Johnson Controls International 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 transaction of $149,395.32. Following the completion of the sale, the vice president directly owned 139,459 shares in the company, valued at $14,651,562.54. This represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $105.73, for a total transaction of $625,604.41. Following the sale, the vice president owned 25,005 shares of the company's stock, valued at $2,643,778.65. This trade represents a 19.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,183 shares of company stock valued at $1,071,501 over the last 90 days. Corporate insiders own 0.54% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on JCI. Barclays upped their price target on Johnson Controls International from $100.00 to $101.00 and gave the company an "equal weight" rating in a report on Wednesday, July 30th. Citigroup boosted their target price on shares of Johnson Controls International from $110.00 to $112.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Zacks Research raised shares of Johnson Controls International to a "hold" rating in a research note on Monday, August 11th. Jefferies Financial Group reissued a "hold" rating and set a $120.00 target price on shares of Johnson Controls International in a research note on Thursday, July 24th. Finally, Wells Fargo & Company boosted their target price on shares of Johnson Controls International from $100.00 to $130.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Nine investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average 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.