Johnson Controls International plc $JCI Shares Purchased by RPG Investment Advisory LLC

Key Points

• RPG Investment Advisory LLC increased its stake in Johnson Controls International by 101.2% during the first quarter, now holding 391,318 shares valued at approximately $31.3 million.
• Several analysts have upgraded their ratings on Johnson Controls International, with price targets ranging from $100.00 to $130.00, reflecting increasing confidence in the company's performance.
• Johnson Controls International recently announced a $9 billion stock buyback plan, indicating that its board believes the stock is undervalued.

RPG Investment Advisory LLC boosted its stake in Johnson Controls International plc (NYSE:JCI - Free Report) by 101.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 391,318 shares of the company's stock after acquiring an additional 196,845 shares during the period. Johnson Controls International accounts for 2.2% of RPG Investment Advisory LLC's portfolio, making the stock its 16th largest position. RPG Investment Advisory LLC owned approximately 0.06% of Johnson Controls International worth $31,348,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Nuveen LLC bought a new position in shares of Johnson Controls International during the first quarter worth about $219,110,000. GAMMA Investing LLC grew its position in shares of Johnson Controls International by 10,137.2% during the first quarter. GAMMA Investing LLC now owns 1,179,219 shares of the company's stock worth $94,467,000 after acquiring an additional 1,167,700 shares during the last quarter. Northern Trust Corp grew its position in shares of Johnson Controls International by 18.1% during the fourth quarter. Northern Trust Corp now owns 6,690,781 shares of the company's stock worth $528,103,000 after acquiring an additional 1,026,623 shares during the last quarter. Nuveen Asset Management LLC grew its position in shares of Johnson Controls International by 65.4% during the fourth quarter. Nuveen Asset Management LLC now owns 2,560,645 shares of the company's stock worth $202,112,000 after acquiring an additional 1,012,067 shares during the last quarter. Finally, Raiffeisen Bank International AG bought a new position in shares of Johnson Controls International during the fourth quarter worth about $78,625,000. Institutional investors own 90.05% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on JCI. Jefferies Financial Group reaffirmed a "hold" rating and issued a $120.00 price objective on shares of Johnson Controls International in a report on Thursday, July 24th. 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. 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. 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. Finally, Wells Fargo & Company upped their price target on shares of Johnson Controls International from $100.00 to $130.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Nine equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Johnson Controls International presently has an average rating of "Hold" and an average price target of $105.72.

Johnson Controls International Stock Down 1.2%

JCI opened at $104.71 on Friday. Johnson Controls International plc has a 1-year low of $67.68 and a 1-year high of $112.63. 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 stock has a market capitalization of $68.52 billion, a price-to-earnings ratio of 31.07, a P/E/G ratio of 1.89 and a beta of 1.30. The business has a 50 day moving average of $105.75 and a 200-day moving average of $93.33.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.99 by $0.06. The firm had revenue of $6.05 billion during the quarter, compared to analysts' expectations 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. As a group, sell-side analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Dividend Announcement

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

Johnson Controls International announced that its board has approved a stock buyback plan on Friday, June 13th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 13.4% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its stock is undervalued.

Insider Transactions at Johnson Controls International

In other news, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $103.69, for a total transaction of $147,447.18. Following the transaction, the vice president owned 140,881 shares in the company, valued at $14,607,950.89. The trade was a 1.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Anuruddha Rathninde sold 15,000 shares of Johnson Controls International stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $103.13, for a total value of $1,546,950.00. Following the transaction, the vice president owned 42,574 shares in the company, valued at $4,390,656.62. This trade represents a 26.05% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,266 shares of company stock valued at $1,986,931. Corporate insiders own 0.54% of the company's stock.

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.

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